Pros and Cons of Buying Existing STR Properties

Get Paid For Your Pad
Published: January 30, 2023
Getting Started

Summary

This article discusses the pros and cons of buying existing short-term rental properties, with insights from a specialist who helps investors find them. It covers market trends, revenue potential, and strategies for evaluating properties, helping hosts make informed investment decisions.

Key Insights

  • Most properties on BnB Buyer bring in 15% to 20% gross revenue to purchase price.
  • Real estate prices have come down a little, but not enough to offset interest rates yet.

Action Items

  • Consider using BnB Buyer (or similar services) to find existing STR properties, as they may offer an advantage over starting from scratch.
    Effort: low
    Impact: medium

Tools & Resources

  • AirDNA, Rabbu, Mashvisor, Overnight Success, STR Profit Academy, GPFYP, STR Legends Mastermind: AirDNA, Rabbu, Mashvisor, Overnight Success, STR Profit Academy, GPFYP on YouTube and Instagram, STR Legends Mastermind, FREE Airbnb Starter Guide are mentioned as resources.
  • BnB Buyer: Alex Breen is Founder of BnB Buyer, a biweekly newsletter and website where you can find existing short-term rental properties that are on the market.

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