We walked away from a $708,521 STR deal in the Southeast — 15 turnkey units, great design, strong

716 views5 months ago0m 6sScore: 75

Michael Chang

Pricing & Profitability
intermediate
Profitability
Revenue Management
Multiple Properties
Investors

Summary

The video discusses why the host walked away from a 15-unit STR deal in the Southeast, despite its attractive qualities, because it didn't meet their financial criteria of a 6-9 month payback period, as the seller was asking 1.7x annual cash flow. They emphasize the importance of sticking to disciplined financial metrics rather than falling in love with a seemingly great deal to ensure sustainable growth.