17. How To Acquire Your First Short Term Rental as a Realtor
I bought my first short term rental one year ago and it has been a major success - and I get questions ALL the time from other Realtors asking how they can get in the short term rental / Airbnb game as well. This episode is here to give you all of those answers!!
Episode highlights:
- Financing options for short term rentals - some lesser known than others!
- Clarifying your personal goal for this investment and your strategy for cash flow vs. appreciation
- Determining the right market for your investment and how that can dovetail with personal goals or passions
- How to properly project income that is realistic and data-based
- All the expenses you need to be aware of and budget for that are different than long term rentals
- Leveraging local experts in that market to be clear on short term rental restrictions, HOA/condo restrictions, and pending legislation at the town, city and state level
This topic brings me so much joy and I hope it inspires and empowers you to get your own investment going! Don't forget to reach out to me with any real estate needs you have in the state of Maryland - whether that's for a rental investment, flip, purchase, or sale referral - our team would love to care for you and your clients!
Rent my Hilton Head Airbnb right here!
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