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Patryk Real Estate Show - Short Term Rentals
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The Advantages and Disadvantages of Short-Term Rentals
Long-term rentals are being looked at more as, I would say like a bond. If you're putting the standard 20% down and right now the interest rates are above 7%, the cost of that mortgage versus the property makes on a monthly basis is less than your mortgage. You will lose money most of the time every month with long-term rentals,. Unless you're in like really tertiary, let's say, Birmingham and then 20 minutes outside of Birmingham. Yeah, you could probably cash flow there, but that also comes with a lot more risk. But if you're willing to do like flips and renovations, you can still make some good returns on long-term rental through those
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