Lifestyle Asset University

Episode #140 Should You Go Into Debt To Build Your STR portfolio?

Informações:

Sinopsis

Hey everyone welcome to the latest installment of Whisky Wednesday. Ever wondered whether setting up partnerships in the state of purchase is the way to go? We dive deep into the debate, weighing the pros and cons of keeping it close to home versus expanding our horizons. The decisions we make on this front can significantly shape the trajectory of our short-term rental ventures.In this episode, we crack open the secrets of LLCs and the essential need for partners who align on their goals. Turning your property into a lifestyle asset or a pure investment? We explore the intricacies and decisions that can make or break our journey in the short-term rental game.Timing is everything, right? But when it comes to short-term rentals, the question is whether to push your property live and seize the peak season or wait until everything is polished. We share strategies to help you decide the best course for your venture and maximize your property's potential.One of the big questions we tackle is the age-old dilem