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BRRRRSTR Breakdown | Luxury Cabin Investment Property
Real Estate Investing Chris Dittrick Real Estate Investing Chris Dittrick

BRRRRSTR Breakdown | Luxury Cabin Investment Property

Most people have heard of the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy, as it is one of the best ways to recycle your money into future deals. The BRRRR is proven, works incredibly well, and is a strategy I’ve used successfully several times in the past. However, if you rent the unit as a short-term rental (STR), you can supercharge your return on investment - this is known as the “BRRRRSTR”. The BRRRRSTR strategy combines the principles of BRRRR investing with Short-Term Rentals (STRs) to optimize returns on real estate investments.

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Sicamous Airbnb | Where to invest in Canada
Real Estate Investing, Airbnb Chris Dittrick Real Estate Investing, Airbnb Chris Dittrick

Sicamous Airbnb | Where to invest in Canada

Sicamous is known as the houseboat capital of Canada. It is home to spectacularly beautiful lake life surrounded by mountains. It is an incredibly popular destination in the summer, especially for Calgary residents looking to get away from the city. As a result of its summer popularity, the council has elected to strictly regulate short term rentals in the town. Unfortunately for those looking to invest in the area in a short term rental business, many of these regulations make it difficult to operate profitably, if at all.

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Canmore airbnb | Where to invest in Canada
Real Estate Investing, Airbnb Chris Dittrick Real Estate Investing, Airbnb Chris Dittrick

Canmore airbnb | Where to invest in Canada

Canmore is a world class mountain destination in Canada. Its back yard features endless hiking, biking and ski trails, is nearby a number of the best ski resorts in the world, and is a 20 minute drive to Banff. As a result of Canmore’s popularity, the town has had to impose a number of restrictions on Short Term Rental properties and property managers. With that said, if you choose the right property in the right location, it can still serve as a great investment opportunity.

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Invermere airbnb | Where to invest in Canada
Real Estate Investing, Airbnb Chris Dittrick Real Estate Investing, Airbnb Chris Dittrick

Invermere airbnb | Where to invest in Canada

Invermere BC is a desirable market for an investment property. It offers both summer and winter attractions to invite visitors, has excellent market growth potential, and has limited municipal restrictions on rental properties at this time. When considering the cost of acquisition and expected revenues, Invermere performs very well and serves as an excellent option for your investment.

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Airbnb market analysis: ultimate guide to cash flowing in the right market
Short Term Rentals Chris Dittrick Short Term Rentals Chris Dittrick

Airbnb market analysis: ultimate guide to cash flowing in the right market

There is absolutely no need to go in to a short term rental property investment with your fingers crossed and hoping that it will work out. As you perform the analysis in your market by following this guide, you will be able to dive in head first knowing that your rental is based on solid fundamentals that has a very high chance of financial success.

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Airbnb or Rental? Choose the best strategy with these 4 questions
Short Term Rentals Chris Dittrick Short Term Rentals Chris Dittrick

Airbnb or Rental? Choose the best strategy with these 4 questions

Your goals will determine whether an Airbnb or long-term rental strategy is right for you at any given time in your investment journey. To choose the right direction, you should determine how active you would like be in the investment, the terms in which you are looking to make money, what the property itself is optimally suited to, and what strategy best matches your personal strengths.

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