Airbnb/Multifamily properties in Waco, Texas

[Mike Annunziata]

Hey there! My brothers and I are hoping to expand our portfolio to Waco, TX but we are hoping to get some feedback! We live in Southern California and own an Airbnb in Arizona and we wanted to branch out to a new market. We have heard good things about Waco, TX but we're hoping to get some more insight. We are very interested in the Airbnb market but would also love to start acquiring some multifamily properties as well. Is Waco a good market for Airbnb and Multifamily? Or does the market in Waco favor one over the other? Thanks in advance ya'll!!

[Trevor Caswell]

The market is a still very competitive for these properties. A good strategy would be to find a property that is zoned R-2 and over 500 feet away from another STR. You can apply for a permit from the city with a pretty quick turnaround.

Check out the rules and guidelines below.

STR Planning and Zoning