Investing in out of town STR or local LTR

4 Replies

Originally posted by @Jennifer Lindstrom :

My husband and I are buying a vacation home to use as a STR. My husband would like to continue to do this instead of investing in more local LTR properties. I'm just curious if this is strategy is good for the long term.

If you live anywhere near me, the answer is easy: out of town STR CRUSHES local STR and local LTR by a mile. I invest about 1000 miles away because that's where the best ROI is, you can't get anything even close to that ROI in either STR or LTR anywhere near me

In fact, I would use this general principle: if you live anywhere above the red line on this map, invest in STR below the red line