Projected cash on cash return was slightly above 14%, now 6 months into ownership we will be able to run more concrete numbers-however this is holding true.

Projected cash on cash return was slightly above 14%, now 6 months into ownership we will be able to run more concrete numbers-however this is holding true.

short term rentals are not only vacation homes, nurses, workers, consultants, family, etc. all use short term rentals in traditionally non vacation marketsMaybe so, but a true vacation rental in a tourist area is going to do better than in an area where you best bet is to get a traveling nurse for a few months.  

@Joe Stout  What is your true all in number? 

@Noah McPherson you manage BRRR financing the right way by paying cash for the asset, doing the rehab in cash and taking out a loan after.Far to many things can go wrong on a BRRR for a high interest rate HML.If you don’t have the cash to BRRR, buy a low risk double… wait 7-10 years, refinance, take a HELOC and BRRR with your own money.Tried and true formula to safe wealth building.

At first it seemed to good to be true.

You can't free forever....might as well figure out your passion in RE and go for it.......

Let's say I put $100k down, isn't my true profit $30k? 

True, the stock market has averaged around 10.4% since 1929, and this is what is commonly used as a benchmark.

Yes it is true that most properties need to be run-down to use the BRRRR strategy, but it is not necessary.