Cedar Rapids has the advantage of being a short commute away from Iowa City, which is where the University of Iowa is located.

@Breland ClarkCongratulations on your first short-term rental (STR) purchase!

Upfront expenses and monthly payments must be considered when calculating the return on your investment.EXAMPLEI will provide details below, but here's the short version for those who hate to read or do math.

I’m concerned that $60K ($50K after penalties) won’t get me far in starting a short term rental though… I’m also hesitant to do a cash out refinance on my home loan because we have a great interest rate at 2.625%.

Achieving a 4098% IRR in just 58 days is nothing short of remarkable.I’m curious about a few aspects of this deal:Entitlement Process: Can you elaborate on the land entitlement process?

Short and sweet, shoot me a message if you are an investing agent from Louisville.

Our focus is on securing high-quality tenants to restore stability and improve cash flow.Despite these challenges, we are confident that selling this asset is the best course of action to protect the overall portfolio.Immediate Plan: Increasing OccupancyTo improve the property’s financial performance in the short term, our plan is to lease up the vacant units as soon as possible, starting with the three units that are rent-ready.

I have a client interested in a STR around the Worcester area. Anyone out there have any experience with STRs in central mass?

This would be our second home and also a short term rental.

Tonight might be too short of notice as my wife and I just had our 2nd child last week.