Most efficient path to my goal?

[Keegan Lawyer]

Hey BP, I was looking for some help/opinions on getting to my financial goal through STR- AirbNb…

I have a goal of getting to $5000 a month in cash flow in the next 2-3 years. I have $60k in my savings…. I live in KC, should I look at buying STR here, or consider looking for properties near the beach?

From your experience, how would you efficiently get to $5000 a month cash flow in my situation? Do you have a STR that produces $5k+ a month? What does that deal look like?

I look forward to hearing from everyone!

[Joshua Strickland]

You can do that with 1 larger cabin or beach house in the right market. (Smokies, Florida panhandle specifically) I’m sure there are other markets also.

If I were you I’d go ahead and buy a smaller property in one of the vacation markets. Maybe a 2/2. If you manage it right it will gross north of $50k/ year. Probably more around $60k. That should get you around $15-20k net. Rinse and repeat as you save your income to reinvest.