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Updated almost 2 years ago on . Most recent reply

User Stats

9
Posts
7
Votes
James Snyder
  • New to Real Estate
  • Jacksonville, FL
7
Votes |
9
Posts

Any information on purchasing the first mid-term rental!!

James Snyder
  • New to Real Estate
  • Jacksonville, FL
Posted

Hi everyone, looking to purchase my first mid-term rental property and I am looking for any and all information that anybody might want to share. The ups and downs, what to look for, and what to stay away from? There are a lot of hospitals in the area so I was hoping to get travel nurses and other types of working professionals in the property. I appreciate everyone's help and advice in advance! 

Most Popular Reply

User Stats

34
Posts
22
Votes
Chris Schwagerl
  • Rental Property Investor
  • Minneapolis, MN
22
Votes |
34
Posts
Chris Schwagerl
  • Rental Property Investor
  • Minneapolis, MN
Replied

Hey James!  Welcome to BP!

I'm guessing you are talking about 30-day rental stuff?  Is that the case?

Are you looking in Jacksonville?  That's a booming market with great upside potential.  

I would recommend connecting with superhosts on Airbnb to get their perspective.

Find out where the hospitals are and draw a radius around each one on a map.  

Then call Suncoast Property Management to get their perspective.  Draw circles in the submarkets they like.  

Now, you've got a good look at a few zip codes to target.  

Maybe a REIA or local meetups for perspective?

Just pointing you in a direction and rooting for you brother.  All the best!

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