EP 377: Short Term Rental Series - Why we didn't buy
May 30, 2023
Welcome, ladies! In this minisode of the Real Estate InvestHER Show, Liz and Andresa share their experience of buying a luxury short-term rental property in Florida. They had to accommodate 15 guests and faced several obstacles during the process. Ultimately, they decided against purchasing the property due to financial issues and high insurance rates in Florida. Liz and Andresa’s experience taught them the importance of doing thorough research before investing in any property. However, they believe there are still opportunities for investors who are patient and stick with their numbers. It's crucial to keep an eye on market trends that can impact your investment plans.
Ladies, join us as we explore the untold side of real estate investment and learn from Liz and Andresa's experiences as they navigate the world of short-term rentals in Florida!
Quotes
· "We take the responsibility of bringing private money to the table very seriously. Our goal is to make it a killer deal for investors and create a property that offers both ROI and a desirable lifestyle for investors and their families.” (05:38 - 06:12)
“The more you spend time in a market, the quicker you can move. Us saying no to properties is actually helping us say yes to future properties because we have a stronger handle on the numbers.” (07:23 - 07:41)
· “Expanding your criteria and exploring new areas to find better matches is necessary in any market. Seeing the same thing repeatedly is like trying to fit a circle into a square market. You have to be ready to shift your approach.” (09:50 - 10:00)
The Real Estate Invest HER Podcast
The weekly show details the journey of some of the most amazing women real estate investors around the world, who open up their lives and share practical and strategic tools for growing a rental portfolio, flipping houses, and the mindset that allows them to run a successful investing business while taking care of their families and most importantly taking care of themselves. Subscribe via:
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