Leads for cashflow STR properties?

Question

Looking to invest in out of state STR. realtors who got an existing STR portfolio and understand their market analysis and projections!

Brooklyn McCarty · Answer

You need Avery Carl and her team The Short Term Shop! They specialize   in STR deals

Ryan Moyer · Answer

Sounds like you want the Short Term Shop.

Mark S. · Answer

@Tarek Soliman Be careful who you take advice from and the assumptions you build into your analysis. It has gotten difficult to purchase properties in the markets that have been hyped up that will cash flow enough to make it worth the effort. Not saying it can’t be done but it is not easy right now. People keep buying based on trailing performance instead of conservative forward-looking assumptions and get burned.

John Underwood · Answer

I think you need to narrow down your potential markets then find a top performing realtor in that area.

Remember STR'S are normally just a residential property that you have to run the numbers on to see if they will work.

Any existing STR properties are going to be the most expensive properties you can buy but they are the easy button.

If you can find a residential property that needs a little work and make it a STR, you are likely to save a good deal of money.

Steven Foster Wilson · Answer

I think you should consider the Ohio markets. Honda has invested $3.5 Billion in Fayette County for a plant that will make batteries for electric vehicles.

https://www.dispatch.com/story/business/automotive/2023/02/28/ev-battery-plant-in-fayette-county-to-employ-2200-workers/69933524007/

According to Licking County Auditor records, Amazon Data Services Inc. Bought 392.11 acres of land ($ $116,653,320.) on the west side of Beech Road and straddling Miller Road on January 17, 2023.

Intel has invested $20 billion initial investment in two fabs (short for fabrication plants; they typically produce silicon wafers), with construction beginning in late 2022 and the facility expected to open in late 2025.“At full buildout, the total investment in the site could grow to as much as $100 billion over the next decade, making it one of the largest semiconductor manufacturing sites in the world,” reads Intel’s press release. https://www.theverge.com/2022/1/22/22895447/intel-ohio-chip-fab-manufacturing-cpu-process

January Johnson · Answer

The Short Term Shop is now in 19 markets across more than 15 states.  Most of us also own and operate our own STRs.  What questions do you have? I'm happy to answer from both the personal and professional sides of the deal.

Jimmy Lieu · Answer

Hi Tarek, I personally love Columbus Ohio and as someone who works with a lot of out of state investors - there's so many catalysts for why you should invest here. Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing (unlike Cleveland or Cincy). I really see Columbus Ohio as an extremely safe bet for the next 10-20 years. Plus, there's still so many positive cash flowing and 1% deals here in Columbus Ohio. As a local investor and agent here in Columbus, let me know if you have any questions or want to connect!

Yiwei Cheng · Answer

Hi Tarek,

I am in Cincinnati, OH and specialize in STR purchases for Cincinnati.  I would say the Midwest area has a lower investment costs than a vacation destination like Gatlinburg or Smokies, beaches, etc.  If you have a 500k budget, that is completely enough to buy in a great neighborhood in Cincinnati, Columbus, etc that will do well as a STR or MTR.  I will say that having a property manager will help you succeed or if you want to self manage, then hire someone who can coach you set up and get systems running will be key.

Zach Edelman · Answer

Another vote for the short-term shop. Also, depending on where you are looking to invest, specifically if its a pureplay vacation market, there may be some good local grassroots options that specialize in STRs. I know for example here in Austin, there's literally a brokerage called "ATX STRs."

Leads for cashflow STR properties?

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