Quote from @Mike Scaccia:
Hey there!
I am a Chicago native and local mortgage lender and investor.
Is the STR you are inquiring about going to be your first property? Also, what are you main reasons for looking to STF in Rockford, not knocking the area by any means but there is so much opportunity within the city limits where you're less likely to have extended vacancies.
Short term rentals have taken a beating this year, while long term rentals have seen an uptick in what they can charge due to high home prices, and inflated interest rates. People have to live somewhere.
We host a ton of investor meet ups for ALL things real estate, short term rentals, long term, fix and flip, buy and hold.. you name it, we cover it! I'd love to share more details with you on how to get involved or attend so you can gain insight from investors who already own 10, 20, 30, 40 doors...
PM me!
Thanks Mike,
Yes this will be my first property. Why Rockford? Because I read an AirDNA report that listed it as a top location in Illinois for AirBnB rentals but I'll feel more comfortable with getting more specific insights from STR landlords operating in the area. That's why I'm here.
