Markets I Have My Eye On

Build Short Term Rental WealthNov 13, 20230m 47s232 viewsScore 78
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Summary

AI-generated

Multimillion-dollar STR investor identifies three high-potential markets for 2024: the outskirts of Asheville, NC, Taos, NM, and Bethel/Newry, ME. The strategy emphasizes proximity to city limits, high-traffic drivers like ski resorts, and markets with secure, stable regulations.

Key insights

  • Markets with 'secure regulation' are prioritized because they provide a stable environment for long-term investment compared to areas with volatile or hostile STR laws.

Mistakes to avoid

  • Investing too far away from the core attraction (e.g., Swannanoa vs. Asheville) in an attempt to find cheaper land, which can significantly dilute rental demand and ADR.

Tools & resources

  • Build Short Term Rental Wealthwebsite

    A content platform and community focused on high-level STR investment strategies and market analysis.

Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial