Acquiring Properties Through Creative STR Strategies
Summary
This article discusses unconventional strategies for acquiring properties for short-term rentals, specifically using land contracts (seller financing). It emphasizes the potential for above-average cash flow in the Airbnb model to support these contracts and highlights strategies for standing out on STR platforms, such as clustering listings.
Key Insights
- •Focusing on larger properties can help hosts stand out on STR sites, providing more space to accommodate groups.
- •The above-average cashflow of the Airbnb model can support land contracts and seller financing strategies.
Action Items
- ✓Consider researching FSBO (For Sale By Owner) properties in different markets to find potential seller financing deals.Effort: lowImpact: medium
- ✓Explore the land contract/seller financing strategy to acquire more properties more quickly.Effort: mediumImpact: high
Tools & Resources
- →Craigslist and Zillow: Scott Glass uses Craigslist and Zillow for research.
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