158: The 5 Most Profitable Places to Buy a Vacation Rental Property w/Vacasa’s Daned Kirkham
On The Market
Shownotes Transcript
Today, we’re sharing the five best vacation rental) markets that’ll make you more money than anywhere else in the US. The best news? More than half of the markets on this list have vacation homes either **under or around the median home price **of the US, so you don’t need to splurge to buy your perfect beach-side short-term rental). What are the markets, and why have you probably never heard of them? Tune in; we’ll give you the top five markets AND where to find the full twenty-five market list!
But before we take any credit, this list comes from our friends at Vacasa, and their own **Daned Kirkham **is on the show to walk us through it. Daned and his team go through tens of thousands of data points, from average nightly revenue to insurance costs), expenses, improvements, average home prices, and more, to come up with a definitive list of vacation rental markets that’ll give you the best bang for your buck.
This list even has **markets where you can find cap rates OVER ten percent **(yes, in 2023), so if you’re starving for some short-term rental cash flow), THESE are the markets you can’t afford to overlook.
In This Episode We Cover:
**2023’s five best short-term rental markets **in the United States
Why **young real estate investors **are forgoing primary residences and buying vacation rentals instead
Cap rates)** explained** and the methodology behind ranking these top tourist cities
The** tiny beach town **that has an **explosive population of tourists **
The ten percent cap rate lake city with affordable vacation home prices
And **So **Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise)
Connect with Other Investors in the “On The Market” Forums)
Subscribe to The “On The Market” YouTube Channel)
Facing Strict Short-Term Rules, Airbnb Shifts to a New Type of “Host” w/Airbnb’s Jesse Stein)
How to Buy a Vacation Rental Property)
Check Out the Vacasa Lists: Top 25 Best Places to Buy a Vacation Home) Best places to buy a beach house 2023) 8 best mountain biking towns)
Connect with Daned:
Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-158
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