Cash Flow + Appreciation STR Markets?

Question

Hello BP,

Wondering where people are picking up their next STR in today's market and why?

Are there any vacation markets that have strong appreciation potential and cash flow that I can look into?

Please share :) Thank you!

Dan H. · Answer

I am mostly targeting properties that are special.  Example would be private beach access, located on navigatable river, located close to NP entrance.

Private beach access is a limited feature.   It is virtually impossible to create more.  Many states do not allow private beach access.

Similar for properties on rivers and large lakes.

It may be possible to build more units near NP entrance, but what if you purchase below replacement cost?   If there is a shortage, price increase to building cost seems likely.

Good luck

Andrew Steffens · Answer

I am still finding profitable STR's for my investors in the greater Tampa market.

One just listed yesterday for $875k with $153k gross income, sold turnkey.

Nick Sansivero · Answer

Hey @JooYung Choi do you have a general area (state/city) you’re thinking about? I can check Tenantry.ai for you to help narrow down a few markets with the highest potential for cash flow and appreciation

John Underwood · Answer

Anyplace where it's allowed and the numbers work.

John Racine · Answer

Honestly, there are hidden gems everywhere, including in your backyard in most cases. It often goes neighborhood by neighborhood like a single family rental. You would do really well to identify 1 or 2 you like and go deep on the data. I am focusing on a couple of markets for buying but for my management/co-hosting, I go over a wider geography which also helps me spot places to look.

Mike Grudzien · Answer

I agree with John.  I will add that it depends on your goals first, then price range and finally your experience and ability to deploy successfully.

Cash Flow + Appreciation STR Markets?

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