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Hey guys/gals, I was just curious of y'all thought of where the market is headed for the next few years? Both in terms of the greater housing market( I've read some stuff on here already), but more importantly how the vacation rental market could be affected (airbnb,vrbo, etc.).
I have a SFH I am thinking of dumping after I get a variance to split the double lot. Not because it isn't profitable or wasn't a good buy, just that in the RE world it is a long term play and my goal this year is to fastlane as much as possible in my life. Fastlane for my SFH is to potentially take the equity while still positive that we built in through the tenant and repair value added and roll that into something that can make a lot more money while still paying for a place I wouldn't mind visiting once a year.
-Please no opinions on what to do with the cash from the sell outside of RE. Additional funds are allocated to other fastlane businesses and I like to have some diversity.
So, where do you see the short term rental market going?
I have a SFH I am thinking of dumping after I get a variance to split the double lot. Not because it isn't profitable or wasn't a good buy, just that in the RE world it is a long term play and my goal this year is to fastlane as much as possible in my life. Fastlane for my SFH is to potentially take the equity while still positive that we built in through the tenant and repair value added and roll that into something that can make a lot more money while still paying for a place I wouldn't mind visiting once a year.
-Please no opinions on what to do with the cash from the sell outside of RE. Additional funds are allocated to other fastlane businesses and I like to have some diversity.
So, where do you see the short term rental market going?
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