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Josh Harper
  • Real Estate Agent
  • Coeur d’ Alene, ID
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Purchasing first STR, what am I shooting for?

Josh Harper
  • Real Estate Agent
  • Coeur d’ Alene, ID
Posted

Hi Everyone,

Looking to purchase my first STR in my home resort town. Prices are pretty expensive here, 400-600k for a decent place. I have about 40-50k down payment for a property and have financing lined up for 10% down portfolio loan. I am also an agent so I will get paid to buy it. Where and what would you look for as my first STR? Or would you go a different route? d love to find something that cashflows if I'm getting rid of 50k liquid.

Thanks in advance, love this community!

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Michael Baum
#2 Short-Term & Vacation Rental Discussions Contributor
  • Olympia, WA
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Michael Baum
#2 Short-Term & Vacation Rental Discussions Contributor
  • Olympia, WA
Replied
Quote from @Leslie Anne Morris:
Quote from @Michael Baum:

Don't say AirDNA, don't say AirDNA, don't say AirDNA....

I threw it in there just for you

Dammmmmit!!!  :)

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