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Updated almost 3 years ago on . Most recent reply

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Marcelle Abel
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43
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Not able to find good STR comps in small town

Marcelle Abel
Posted

I found this really unique property in a small town surrounded by beautiful mountains and access to tons of outdoor activities in a growing area but there are zero STR comps and only one motel in the whole town. Is it too risky to buy and create a STR given the current situation or spot on as it needs STR options? (its 20 mins to a more populated town with loads of STR and 40 mins to a popular lake).

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Eliott Elias
  • Investor
  • Austin, TX
5,557
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Eliott Elias
  • Investor
  • Austin, TX
Replied

Create them! Be a ground breaker, worst case if it doesn't work out you convert to a long term rental

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