EP 353: Buying our First STR Out of State - Part 1 (Minisode)

biggerpockets entrepreneur investher investing investor investorrealestate short-term investing short-term rental property str womeninconstruction womeninfinances womeninrealestate Mar 07, 2023

Are you curious about what it takes to find and purchase the perfect short-term rental property out of state? Welcome ladies to the Real Estate InvestHER Show! In this minisode, Liz and Andresa will be embarking on an adventure to the Emerald Coast of Florida to find their perfect short-term rental property. Hear their story as they discuss their hunting process, acquisitions, teams to evaluate, underwriting, purchasing, and managing pros and cons. Learn about how they plan to provide a space suitable for both introverts and extroverts with common areas, individual spaces, convertible areas for small workshops, and outdoor spaces for activities such as yoga. Plus get an inside look at what it takes to succeed in the world of short-term rentals.

Join Liz and Andresa as they take you on their journey through the process of finding and buying a short-term rental property out of state!

Quotes

· “When you are looking to acquire a short-term rental, you’re not just looking at a brick-and-mortar property that is going to just bring money; you are looking for an opportunity. Will this property offer you more opportunities?” (03:14 – 03:20)

· “Coordinate communication. As a customer, what you don’t want to deal with finding the nearest drugstore or asking if the hotel checks earlier. That is our pain and that’s our avatar”. (05:00 – 05:43)

· “It is important to add value to your properties. Look it from a physical perspective, what things are you surrounded by? What businesses can also serve your avatar?” (07:31 - 07:48)

· “The key for any successful short-term rental small is to experience yourself what you are offering. Walk the walk as you are your avatar.” (09:00 - 09:25)

How To Join the InvestHER Movement 

1) InvestHER CON 2023

HOLIDAY EDITION!*

Get a ticket to IC2023 and receive access to the 2022 recordings immediately!

· How to spot a good deal from a bad deal? - Kim Kiyosaki + HANDOUT

· Why 10x Is Easier Than 2x - Shannon Waller + HANDOUT

· And much MORE!

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