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All Forum Posts by: Rick Dane

Rick Dane has started 1 posts and replied 4 times.

thanks everyone for the replies, just getting back to this thread I will review in more detail.

I'm looking at investing in a short term rental in Jacksonville, my budget is fairly modest though, up to $300k so I'm not looking to do a high-end STR. From using the Airbtics app it seems there are a decent amount of STR's in the Jacksonville urban core, where houses are pretty affordable, and that these have good occupancy rates.

It seems there are a few other parts of Jacksonville with similar budget range and that could be viable, anything near the beach is definitely out of the question with my budget. 

From my research so far, it seems the demand is pretty high in general for STR's, I was also looking at San Antonio but would prefer to be in Florida and Jacksonville is the city in Florida that fits my budget, interested to hear from anyone who may know more about STR's there and to connect with anyone.

Quote from @Timothy Hero:

Partner with someone who also has $80k to invest. Go 50/50 on a $800k property.


 Why? expensive properties don't usually cash flow as well as mid-range properties unless you're talking about multi family.

A short term rental is the way to make it grow the quickest.