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Updated about 2 years ago,
What will the future hold for STRs?
Just finished a few deals, and now on to the next one. I have 2 options- I bought some property a year ago to build a short term rental on; however, with the talk of a possible recession coming and rent on the rise, I'm thinking it may be better to look for another multi-family deal and hold off on the STR.
If the market remains steady, the STR deal would bring in more cash flow. I just don’t know if it would hold up during a down market.
What are your thoughts? Will a short term rental hold up during a recession? Which would you choose in this situation?
Thanks in advance!