How can you still get cash flow when interest rates are in the 7-8% range? Purchasing a deal in today's environment is getting harder and harder, and many properties are not penciling out due to the high cost of money. That's why many investors are turning to their current portfolios and repositioning units as midterm rentals instead of long term leases to score a substantial amount of extra cashflow.
After hearing a number of success stories from colleagues, Jason decided to take a leap into the midterm rental space by converting a garden apartment in Portage Park, Chicago. Jason talks through everything from the furnishings, the listing, the screening process, and the time it took to secure his first tenant.
If you have ever considered a midterm rental, this episode is for you!
