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Updated about 2 years ago on . Most recent reply

User Stats

162
Posts
77
Votes
Keith Mintz
  • Real Estate Agent
  • San Diego, CA
77
Votes |
162
Posts

How many STR do you have and what have you learned in your journey?

Keith Mintz
  • Real Estate Agent
  • San Diego, CA
Posted

How many STR do you have and what have you learned in your journey? What has your experience been like?

Most Popular Reply

User Stats

1,110
Posts
2,331
Votes
Travis Timmons
  • Rental Property Investor
  • Ellsworth, ME
2,331
Votes |
1,110
Posts
Travis Timmons
  • Rental Property Investor
  • Ellsworth, ME
Replied

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.

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