Updated about 3 years ago on . Most recent reply

Purchasing first STR, what am I shooting for?
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
Pro Member
- Olympia, WA
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Dammmmmit!!! :)