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STRonomics

Pre-Purchase Checklist

Nov 2, 2023
Experts discuss challenges of investing in short-term rentals and the importance of a pre-purchase checklist. Setting goals and metrics in real estate investing, understanding the ideal buyer, and budgeting for a property purchase. Thorough research and consideration of location, amenities, and design when selecting properties for investment.
31:44

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Quick takeaways

  • Setting clear goals helps align your investment strategy with your overall life plan.
  • Thorough research on market trends, regulations, and resources is crucial for successful short-term rental investment.

Deep dives

Setting Goals and Defining Objectives

To invest in short-term rentals successfully, it is crucial to first define your goals and objectives. This involves determining financial considerations, such as available capital and desired returns, as well as personal preferences like location, seasonality, and proximity to amenities. Setting clear goals helps guide the property selection process and ensure alignment between your investment strategy and your overall life plan.

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