What price would you consider for your STR

[Anand S.]

Hi All, this sellers market is insane. At the same time the STR market is insane, too! What price would you consider selling at as a multiple of your annual net profit? Would you sell if you net 5 times your annual STR net income, e.g., if you net $10K per year would you sell if you could make a $50K profit?

[John Underwood]

Money has to be making more money. If you sell then you need something else to invest in. That's the bigger problem. 

I get cards, letters, phone calls and text constantly asking if I wan't to sell any of my properties. My answer is always no. Cash flow is always increasing as rental rates increase. 

I'm not killing off any of my geese that are laying golden eggs. I'm buying more Geese.