Updated almost 2 years ago on . Most recent reply
How many STR do you have and what have you learned in your journey?
How many STR do you have and what have you learned in your journey? What has your experience been like?
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Travis Timmons
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Rental Property Investor
- Ellsworth, ME
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Travis Timmons
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Pro Member
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Rental Property Investor
- Ellsworth, ME
If a property cannot do at least $50-60k in gross rental income, it's not worth the hassle. You need a good base of revenue to spread your ongoing and unexpected costs against. It's also a lot harder and more expensive to get a property up and going than you expect. The exception to that would be buying furnished property, but your likely paying a premium in price to get that.