usp=sharingCurrent Rent Long Term in 22302: $1800-$2200/moCurrent Rent Short Term AirBNB in 22302: $2000 - $3000/moCurrent Comparable properties at this price range (are condos with 500-$1100/mo condo fees) What made you interested in investing in this type of deal?

I am financially savvy and frugal, and although I already have two years of experience with two multi-family short-term and long-term residential rental properties, I recently bought a Renatus education package because I found value in the local network and the education itself.

Hi Jen,When considering the purchase of a condo for short-term rentals, especially one that’s around 40 years old, it’s essential to approach the process thoughtfully.

I know it is a niche area of REI, and figured that there would be no better place than BP to meet and learn from any investors who have had success in this area.

I am looking to purchase a house in Havasu City AZ for a short term rental property.

Flexibility: Land contracts can offer more flexibility in terms of payment schedules and interest rates.Risks for Buyers: Lack of Protection: Buyers may have fewer legal protections than with a traditional mortgage, especially if the contract is not properly drafted.

But many of our clients utilize our DSCR loans to purchase and re-finance long-term rentals (LTR) and we have to loan to an entity because it is a commercial loan per se, so that wouldn't be problem for us. 

Hi BiggerPockets Investors,Here are three key tips to consider when buying a short-term rental in the Poconos:Bedroom Count:  What size home are you curious about purchasing? 

What terms do you have on your current loan? 

Congrats on the success, Guillermo!