You have your LTR investing plan backwards! #shorts #longtermrentals
Summary
James Svetec discusses a common trend he's seeing: Long-term rental investors using short-term rentals as a backup plan to escape cash flow negative positions. While this can be a good solution with the right property, it's crucial to avoid putting yourself in a precarious financial situation if the property doesn't perform well as a short-term rental. Instead, thoroughly evaluate your criteria for cash flow and investment strategies.
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