Hi, everyone. My husband and I have been saving for almost a year to invest in our first rental. To me, STR is the only thing that makes sense for us, as we are 40 with 2 kids, and looking for the highest cash flow possible to allow for quick scaling and then freedom from the 9-5. (I recognize that the halcyon days are behind us, and this may still be a 5-10 year process.)
I have been reading the books and listening to the podcasts, so I pulled a pricelabs market analysis on our first choice (dream) market, and then looked at the MLS to determine what price range we would be looking at. 🤯 Went to our more local second choice, driving distance market— 🤯. Million dollar and up for even modest properties, 2 or 3 BRs, no pool or beach front.
Silly me was proud of saving almost 30k this year, when it will likely not even get us close to our goal of 2024 purchase. How do you even get into these beach STR markets as an average person? We make decent money, but it sounds like off-market deals are slim pickings these days, and I doubt we would qualify for a 900k mortgage. A bit of quick math at second home mortgage rates also tells me that breaking even with MLS prices the way they are right now would be a stretch.
I’m happy to put the work in to find a deal, and be patient, but unless you already have a cash flowing property to provide substantial leverage, I can’t see how this is realistic for an average person. Am I relegated to B markets? LTRs in small cities? I am missing a piece of the puzzle I think.
Hi, everyone. My husband and I have been saving for almost a year to invest in our first rental. To me, STR is the only thing that makes sense for us, as we are 40 with 2 kids, and looking for the highest cash flow possible to allow for quick scaling and then freedom from the 9-5. (I recognize that the halcyon days are behind us, and this may still be a 5-10 year process.)
I have been reading the books and listening to the podcasts, so I pulled a pricelabs market analysis on our first choice (dream) market, and then looked at the MLS to determine what price range we would be looking at. 🤯 Went to our more local second choice, driving distance market— 🤯. Million dollar and up for even modest properties, 2 or 3 BRs, no pool or beach front.
Silly me was proud of saving almost 30k this year, when it will likely not even get us close to our goal of 2024 purchase. How do you even get into these beach STR markets as an average person? We make decent money, but it sounds like off-market deals are slim pickings these days, and I doubt we would qualify for a 900k mortgage. A bit of quick math at second home mortgage rates also tells me that breaking even with MLS prices the way they are right now would be a stretch.
I’m happy to put the work in to find a deal, and be patient, but unless you already have a cash flowing property to provide substantial leverage, I can’t see how this is realistic for an average person. Am I relegated to B markets? LTRs in small cities? I am missing a piece of the puzzle I think.
Help!
TIA….
To comment on your title.... A buyer always thinks the price is too high. And a seller always thinks it's too low.
As for the rest.... You are correct that real estate is very difficult. It's a wealthy persons game. If you've got a bunch of cash you can buy real estate until you get sick of it, and then you can go back to stocks.
However. DON'T Get Discouraged! It is very difficult but it can be done. I've worked 10x harder at real estate than I ever worked at a day job, and it paid off. Stick with it. Consume more content. Join a mastermind. Eat the watermelon, spit out the seeds. Good things will happen! Keep going :)
Hi, everyone. My husband and I have been saving for almost a year to invest in our first rental. To me, STR is the only thing that makes sense for us, as we are 40 with 2 kids, and looking for the highest cash flow possible to allow for quick scaling and then freedom from the 9-5. (I recognize that the halcyon days are behind us, and this may still be a 5-10 year process.)
I have been reading the books and listening to the podcasts, so I pulled a pricelabs market analysis on our first choice (dream) market, and then looked at the MLS to determine what price range we would be looking at. 🤯 Went to our more local second choice, driving distance market— 🤯. Million dollar and up for even modest properties, 2 or 3 BRs, no pool or beach front.
Silly me was proud of saving almost 30k this year, when it will likely not even get us close to our goal of 2024 purchase. How do you even get into these beach STR markets as an average person? We make decent money, but it sounds like off-market deals are slim pickings these days, and I doubt we would qualify for a 900k mortgage. A bit of quick math at second home mortgage rates also tells me that breaking even with MLS prices the way they are right now would be a stretch.
I’m happy to put the work in to find a deal, and be patient, but unless you already have a cash flowing property to provide substantial leverage, I can’t see how this is realistic for an average person. Am I relegated to B markets? LTRs in small cities? I am missing a piece of the puzzle I think.
Help!
TIA….
To comment on your title.... A buyer always thinks the price is too high. And a seller always thinks it's too low.
As for the rest.... You are correct that real estate is very difficult. It's a wealthy persons game. If you've got a bunch of cash you can buy real estate until you get sick of it, and then you can go back to stocks.
However. DON'T Get Discouraged! It is very difficult but it can be done. I've worked 10x harder at real estate than I ever worked at a day job, and it paid off. Stick with it. Consume more content. Join a mastermind. Eat the watermelon, spit out the seeds. Good things will happen! Keep going :)
Distressed properties or motivated sellers (Foreclosure, Death, Divorce, back taxes owed, vacant unkempt properties etc)
Ask for any form of owner financing even a 2nd mortgage to cover the downpayment.
Find the unlisted properties. Reach out to Attornoes that handle probate or divorce. Reach out to local PM's that might know someone getting ready to sell or that are just burned out.
Drive these areas and look for vacant properties that need some TLC and contact the owner.
The best deals aren't usually on MLS or Zillow.
Reaestate wanted postings on FB marketplace, FB groups or Craigslist. Offer a finders fee if someone brings you a deal you purchase.
Remember you can't change the location but you might be able to add a pool or a 3rd level that will give you an ocean view.
Start small. I've been investing in vacation rentals since 2005 and done pretty well, but even I am in no mood to fork out $$ for a beach property. It wouldn't make sense to have that much $$ tied up in one investment.
My suggestion would be to find something more economical very close to where you live. Start with something that you can easily afford. As you build experience, confidence, and equity, you will be in a position to buy more expensive properties. It will happen sooner than you might have imagined, but it certainly is a long-term proposition.
Find a market that excites you with a $300k entry point. Pursue 10% down loan programs. You may be able to get there now! But do analyze all factors and know that a lot of us are playing a waiting game - always.
Hey @Pamela V., I agree with everyone else here. You might be aiming to high for your actual budget.
You don't list the areas you are looking so it is hard to help. It could be FL or it could be CA, or TX.
Where are you located? I get the distinct feeling you want to be able to use it from time to time. That will help us help you.
This isn't a sprint but a marathon. It took us about 10 years before we found the perfect first place. We had a lot of criteria to meet and got shot down a ton before we pulled the trigger.
Hi, everyone. My husband and I have been saving for almost a year to invest in our first rental. To me, STR is the only thing that makes sense for us, as we are 40 with 2 kids, and looking for the highest cash flow possible to allow for quick scaling and then freedom from the 9-5. (I recognize that the halcyon days are behind us, and this may still be a 5-10 year process.)
I have been reading the books and listening to the podcasts, so I pulled a pricelabs market analysis on our first choice (dream) market, and then looked at the MLS to determine what price range we would be looking at. 🤯 Went to our more local second choice, driving distance market— 🤯. Million dollar and up for even modest properties, 2 or 3 BRs, no pool or beach front.
Silly me was proud of saving almost 30k this year, when it will likely not even get us close to our goal of 2024 purchase. How do you even get into these beach STR markets as an average person? We make decent money, but it sounds like off-market deals are slim pickings these days, and I doubt we would qualify for a 900k mortgage. A bit of quick math at second home mortgage rates also tells me that breaking even with MLS prices the way they are right now would be a stretch.
I’m happy to put the work in to find a deal, and be patient, but unless you already have a cash flowing property to provide substantial leverage, I can’t see how this is realistic for an average person. Am I relegated to B markets? LTRs in small cities? I am missing a piece of the puzzle I think.
Help!
TIA….
Just as your first home purchase is seldom (exempting trust fund kids, star athletes, movie/music stars, etc.) your dream forever home, you first rental is seldom the luxurious beach front home in a great vacation market.
Start a bit smaller/cheaper. You have saved enough to start in many fine markets but definitely not in every market ($30k would not get you anything in San Diego at 80% LTV, not even an hour from the beach).
Get started. You will learn a lot by starting which will pay dividends at your second and subsequent investment purchases.
Hi, everyone. My husband and I have been saving for almost a year to invest in our first rental. To me, STR is the only thing that makes sense for us, as we are 40 with 2 kids, and looking for the highest cash flow possible to allow for quick scaling and then freedom from the 9-5. (I recognize that the halcyon days are behind us, and this may still be a 5-10 year process.)
I have been reading the books and listening to the podcasts, so I pulled a pricelabs market analysis on our first choice (dream) market, and then looked at the MLS to determine what price range we would be looking at. 🤯 Went to our more local second choice, driving distance market— 🤯. Million dollar and up for even modest properties, 2 or 3 BRs, no pool or beach front.
Silly me was proud of saving almost 30k this year, when it will likely not even get us close to our goal of 2024 purchase. How do you even get into these beach STR markets as an average person? We make decent money, but it sounds like off-market deals are slim pickings these days, and I doubt we would qualify for a 900k mortgage. A bit of quick math at second home mortgage rates also tells me that breaking even with MLS prices the way they are right now would be a stretch.
I’m happy to put the work in to find a deal, and be patient, but unless you already have a cash flowing property to provide substantial leverage, I can’t see how this is realistic for an average person. Am I relegated to B markets? LTRs in small cities? I am missing a piece of the puzzle I think.
Help!
TIA….
To comment on your title.... A buyer always thinks the price is too high. And a seller always thinks it's too low.
As for the rest.... You are correct that real estate is very difficult. It's a wealthy persons game. If you've got a bunch of cash you can buy real estate until you get sick of it, and then you can go back to stocks.
However. DON'T Get Discouraged! It is very difficult but it can be done. I've worked 10x harder at real estate than I ever worked at a day job, and it paid off. Stick with it. Consume more content. Join a mastermind. Eat the watermelon, spit out the seeds. Good things will happen! Keep going :)
Thank you for this. I am too scrappy to give up, the replies here already have my wheels spinning. Back to the drawing board…. I will keep learning, for sure.
Your wife’s book was sitting next to me while I posted, so thank you for taking the time to respond.
Hey @Pamela V., I agree with everyone else here. You might be aiming to high for your actual budget.
You don't list the areas you are looking so it is hard to help. It could be FL or it could be CA, or TX.
Where are you located? I get the distinct feeling you want to be able to use it from time to time. That will help us help you.
This isn't a sprint but a marathon. It took us about 10 years before we found the perfect first place. We had a lot of criteria to meet and got shot down a ton before we pulled the trigger.
Take a breath and relax!
Hi, I’m outside Philadelphia. I was looking along the Emerald Coast in Florida, and my “backup” is the Jersey Shore. Other than condos, everything on the market in Fl is a million, until you go further inland. I wasn’t looking for anything crazy, just a 2 or 3BR SFH so there would be a decent margin. Looks like we are in condo territory there.
There are a few deals on the market in Jersey, I will have to catch them, but 95%+ are a million dollars. Again, just a 2 or 3BR. Patience seems more likely to pay off here.
Because neither is local, it’s harder to make relationships, but I will put some of the tips here to use, along with things I already learned, and re-do the game-plan.
Any tips or tricks are appreciated for either place, I am here to learn.
Hey @Pamela V., I agree with everyone else here. You might be aiming to high for your actual budget.
You don't list the areas you are looking so it is hard to help. It could be FL or it could be CA, or TX.
Where are you located? I get the distinct feeling you want to be able to use it from time to time. That will help us help you.
This isn't a sprint but a marathon. It took us about 10 years before we found the perfect first place. We had a lot of criteria to meet and got shot down a ton before we pulled the trigger.
Take a breath and relax!
Hi, I’m outside Philadelphia. I was looking along the Emerald Coast in Florida, and my “backup” is the Jersey Shore. Other than condos, everything on the market in Fl is a million, until you go further inland. I wasn’t looking for anything crazy, just a 2 or 3BR SFH so there would be a decent margin. Looks like we are in condo territory there.
There are a few deals on the market in Jersey, I will have to catch them, but 95%+ are a million dollars. Again, just a 2 or 3BR. Patience seems more likely to pay off here.
Because neither is local, it’s harder to make relationships, but I will put some of the tips here to use, along with things I already learned, and re-do the game-plan.
Any tips or tricks are appreciated for either place, I am here to learn.
Hey Pamela!
Good for you for getting started, reading, and saving money for your first investment.
STR is a great strategy that can have major upsides
But this is more like a "business" than an investment. I recommend that you run your numbers like a long term rental and see if you at lease break even. Traveling can slow down, and you don't want to be heavily impacted by changing conditions.
With 30k in the Phila area, you can likely get into a 2-4 unit house hack if you don't have your primary residence yet. With kids im sure this can be crazy
Best of luck, and just make sure to run your worst case scenario numbers!
Do these markets matter so much because this will be your vacation home? Or is this purely an investment?
id follow others and invest in a $300k market. Find a home for $250, put 10% down, and put $50k of interior/exterior design into the place to make it the best place in that market. then learn for a few years. Start small and build equity. Then leverage for your next place. Long and slow game here….
I understand your frustration with the high prices in popular vacation rental markets. To break into these markets, consider expanding your search to nearby areas, exploring alternative property types, buying during off-peak seasons, building relationships with local agents, exploring financing options, or focusing on B markets or long-term rentals.
If you're really want a property along the emerald coast in the price range of $300k, look at the Gulf Shores condo complex in Destin or other complexes that are similar. You probably won't be able to purchase your dream beach front property, but you could start small and work your way up. Also check into Pace Morby's creative financing techniques, you could utilize some of those ideas to break into real estate.
Too me it sounds like you are aiming too high just coming in; and because you are only considering one path it stagnates what you are trying to do. As someone mentioned here, why tie up that much in beech front stuff? That capital can be deployed in so many other asset classes. STR seems to be the buzz word fad now but it's complicated and hard work. If you don't know what you are doing it can destroy you. Also it's over saturated which means the numbers are way more difficult to make any rational sense. Who told you that is the only model that will allow good cash flow and scalability? If you buy right and know how to operate that characteristic applies to SFR, MTR, multi units and so much more. If you go in with a backwards deal on a beach front with close to a million sunk in, you could be thousands underwater and cash flow negative. I know Airbnb is the hot thing now but I would advise that in addition to exploring this, research others approaches as well. There are people here that are making all asset classes work right now! Best of luck.
Hi, everyone. My husband and I have been saving for almost a year to invest in our first rental. To me, STR is the only thing that makes sense for us, as we are 40 with 2 kids, and looking for the highest cash flow possible to allow for quick scaling and then freedom from the 9-5. (I recognize that the halcyon days are behind us, and this may still be a 5-10 year process.)
I have been reading the books and listening to the podcasts, so I pulled a pricelabs market analysis on our first choice (dream) market, and then looked at the MLS to determine what price range we would be looking at. 🤯 Went to our more local second choice, driving distance market— 🤯. Million dollar and up for even modest properties, 2 or 3 BRs, no pool or beach front.
Silly me was proud of saving almost 30k this year, when it will likely not even get us close to our goal of 2024 purchase. How do you even get into these beach STR markets as an average person? We make decent money, but it sounds like off-market deals are slim pickings these days, and I doubt we would qualify for a 900k mortgage. A bit of quick math at second home mortgage rates also tells me that breaking even with MLS prices the way they are right now would be a stretch.
I’m happy to put the work in to find a deal, and be patient, but unless you already have a cash flowing property to provide substantial leverage, I can’t see how this is realistic for an average person. Am I relegated to B markets? LTRs in small cities? I am missing a piece of the puzzle I think.
Help!
TIA….
Here are some truths I have discovered about “real estate” in my 43 years of investing activity
1. Markets can change radically in just a very short period of time. From 2008 - 2011 residential house prices in Miami, Las Vegas and Phoenix DECLINE 60-65%! The “run up” during the previous 5 years in these same markets were in the 50% - 70% range. If the deal doesn’t “pencil out” it may be because we are at a speculative top, and the best action is no action
2. All real estate is local. When you get a 4 cap in one area the same type property may be available at a 10 cap 200 miles away. Some of this is anticipated price appreciation or depreciation; a lot of it is just crowd psychology and has little to do with fundamentals.
3. It used to be and was until about 5 years ago a good idea to stick to purchasing rental property within a 2 hour drive from you primary residence, if you were managing the property, or even managing the manager. Now, with the technology available you can be almost as effective operating from anywhere. I owned 5 MTR properties in Phoenix area while I lived in Houston and New York, and never had any issue that would have been any different had I been in Phoenix. If the air conditioner in a unit broke I am incapable of analyzing the problem whether I’m in Phoenix or Houston. However, video cam can allow me to observe first hand whatever it is the AC expert finds.
4. Not all investment strategies are great all the time. Recently, STR market has gotten extremely competitive in many areas and ROI has declined significantly. The reason STR became so popular was that it offered most of the benefits of real estate investment and additionally offered an attractive cash flow. Traditionally, most of the profit in real estate investing is capital gains, captured either at the time of property resale or at the time of refinancing the property. The second largest benefit is leverage; equity is gained as the loan is amortized, sometimes called having a tenant pay your mortgage ( the benefit of course is the tenant paying the “principal” portion, the interest portion is merely a “pass through”). The third benefit is probably the effect on your personal income taxes, though this has been reduce from tax avoidance to tax deferral, and in order to avoid negative consequences in the future may require purchasing more and more property.
5. Deals can be made with low down payments, though obviously having lot of available cash makes more properties available and probably at lower cost. Many of the techniques we used in the 1970s are no longer viable because mortgage lenders will insist that you sign statements as to additional loans and down payment money that should you mis represent will constitute fraud. However, some creative paths remain. I have financed some properties I’ve sold with the buyer putting down as little as 3%, that is $10,000 down payment on a. $300,000 purchase with myself financing the $290,000 balance owner carry. The buyer was able to pay me off with a new loan in 4 years, and actually enjoyed positive cash flow since day one.
Hi, everyone. My husband and I have been saving for almost a year to invest in our first rental. To me, STR is the only thing that makes sense for us, as we are 40 with 2 kids, and looking for the highest cash flow possible to allow for quick scaling and then freedom from the 9-5. (I recognize that the halcyon days are behind us, and this may still be a 5-10 year process.)
I have been reading the books and listening to the podcasts, so I pulled a pricelabs market analysis on our first choice (dream) market, and then looked at the MLS to determine what price range we would be looking at. 🤯 Went to our more local second choice, driving distance market— 🤯. Million dollar and up for even modest properties, 2 or 3 BRs, no pool or beach front.
Silly me was proud of saving almost 30k this year, when it will likely not even get us close to our goal of 2024 purchase. How do you even get into these beach STR markets as an average person? We make decent money, but it sounds like off-market deals are slim pickings these days, and I doubt we would qualify for a 900k mortgage. A bit of quick math at second home mortgage rates also tells me that breaking even with MLS prices the way they are right now would be a stretch.
I’m happy to put the work in to find a deal, and be patient, but unless you already have a cash flowing property to provide substantial leverage, I can’t see how this is realistic for an average person. Am I relegated to B markets? LTRs in small cities? I am missing a piece of the puzzle I think.
Help!
TIA….
To comment on your title.... A buyer always thinks the price is too high. And a seller always thinks it's too low.
As for the rest.... You are correct that real estate is very difficult. It's a wealthy persons game. If you've got a bunch of cash you can buy real estate until you get sick of it, and then you can go back to stocks.
However. DON'T Get Discouraged! It is very difficult but it can be done. I've worked 10x harder at real estate than I ever worked at a day job, and it paid off. Stick with it. Consume more content. Join a mastermind. Eat the watermelon, spit out the seeds. Good things will happen! Keep going :)
"Eat the watermelon, spit out the seeds"...what a classic line, love it.
Hi, everyone. My husband and I have been saving for almost a year to invest in our first rental. To me, STR is the only thing that makes sense for us, as we are 40 with 2 kids, and looking for the highest cash flow possible to allow for quick scaling and then freedom from the 9-5. (I recognize that the halcyon days are behind us, and this may still be a 5-10 year process.)
I have been reading the books and listening to the podcasts, so I pulled a pricelabs market analysis on our first choice (dream) market, and then looked at the MLS to determine what price range we would be looking at. 🤯 Went to our more local second choice, driving distance market— 🤯. Million dollar and up for even modest properties, 2 or 3 BRs, no pool or beach front.
Silly me was proud of saving almost 30k this year, when it will likely not even get us close to our goal of 2024 purchase. How do you even get into these beach STR markets as an average person? We make decent money, but it sounds like off-market deals are slim pickings these days, and I doubt we would qualify for a 900k mortgage. A bit of quick math at second home mortgage rates also tells me that breaking even with MLS prices the way they are right now would be a stretch.
I’m happy to put the work in to find a deal, and be patient, but unless you already have a cash flowing property to provide substantial leverage, I can’t see how this is realistic for an average person. Am I relegated to B markets? LTRs in small cities? I am missing a piece of the puzzle I think.
Help!
TIA….
To comment on your title.... A buyer always thinks the price is too high. And a seller always thinks it's too low.
As for the rest.... You are correct that real estate is very difficult. It's a wealthy persons game. If you've got a bunch of cash you can buy real estate until you get sick of it, and then you can go back to stocks.
However. DON'T Get Discouraged! It is very difficult but it can be done. I've worked 10x harder at real estate than I ever worked at a day job, and it paid off. Stick with it. Consume more content. Join a mastermind. Eat the watermelon, spit out the seeds. Good things will happen! Keep going :)
Awesome advice! Just keeping learning... you in the right community for that! Experience teaches wisdom!!
Likeminded people teach you a lot and you can always consider partnership to start off.
Like Luke said "Eat the watermelon, spit out the seeds. Good things will happen! Keep going :)"
Agreed with everything above. Don't jump straight into the $1M dream home. Maybe look at properties that are a few blocks back or even a few miles inland. If this is something you plan to use, buy into an area that you like with a 10% down 2nd home loan.
If you are not planning to use it, then invest in a growing area where the price is close to or slightly below the national median, that way you have far more room for upside growth. Choose correctly and you will make far more from appreciation than cash flow. Look for the home in the neighborhood that maybe needs some updates (within reason and budget) that is surrounded by pricier homes. In 3-5ish years you can 1031 those profits into something better and eventually get that beachfront dream property that you also want to use.
Just a thought but see if you can find the next STR market. If you can't find the next STR market, see if you can find the next STR experience.
Just making this up but an example of this would be a beer themed STR in a great brewery city. Or a sports themed STR for a popular team (Ex: Dallas Cowboys). Airbnb often promotes a ton of unique homes or experiences. From here promote and advertise your STR to draw attention to your unique location or experience.
I'd make sure the ROI is worth your time before entering into the STR game. That's especially important now with interest rates and market valuations eating into your revenue.
Hey @Pamela V.! So I think those areas would be pretty solid. I might have a preference for Jersey seeing as it much closer to you which is always nice for a first STR.
I was poking around the overall Jersey Shore area and there seems to be some decently priced places but you are still talking 750k.
Hi, everyone. My husband and I have been saving for almost a year to invest in our first rental. To me, STR is the only thing that makes sense for us, as we are 40 with 2 kids, and looking for the highest cash flow possible to allow for quick scaling and then freedom from the 9-5. (I recognize that the halcyon days are behind us, and this may still be a 5-10 year process.)
I have been reading the books and listening to the podcasts, so I pulled a pricelabs market analysis on our first choice (dream) market, and then looked at the MLS to determine what price range we would be looking at. 🤯 Went to our more local second choice, driving distance market— 🤯. Million dollar and up for even modest properties, 2 or 3 BRs, no pool or beach front.
Silly me was proud of saving almost 30k this year, when it will likely not even get us close to our goal of 2024 purchase. How do you even get into these beach STR markets as an average person? We make decent money, but it sounds like off-market deals are slim pickings these days, and I doubt we would qualify for a 900k mortgage. A bit of quick math at second home mortgage rates also tells me that breaking even with MLS prices the way they are right now would be a stretch.
I’m happy to put the work in to find a deal, and be patient, but unless you already have a cash flowing property to provide substantial leverage, I can’t see how this is realistic for an average person. Am I relegated to B markets? LTRs in small cities? I am missing a piece of the puzzle I think.
Help!
TIA….
Hi Pamela!
There are some more affordable entry level markets in Florida. Aside from managing nearly 100 here in various FL markets, I also have a few Jersey Shore homes, as I am from there originally. I am not a huge fan of that market as it extremely seasonal and it is not as good as it was a few years ago revenue wise.
I am happy to help point you in some directions that may help in Florida!
If you own your primary home, have you considered converting your primary home into a rental and buying a new primary? Depending on your sales price and County, FHA loans only require 3.5% downpayment and conventional loans 5% down... Converting your primary home is the cheapest way to add real estate as primary purchases require much less downpayment
There's nothing wrong with B markets if they help you hit your numbers. I wouldn't dismiss them. There are a lot of people doing very well - as in able to retire early - focusing mostly on B markets. One podcast I recommend you listen to is Living off Rentals with Kirby Atwell. He's in one of those B markets, he's an experienced investor, and he's killing it. Everybody has their dream property. Sounds like yours is one on the beach. Mine is a lakefront property in a mountain town. I can't buy that yet, but I'm buying properties that are putting off good cash flow and will eventually get me there.
Just a thought but see if you can find the next STR market. If you can't find the next STR market, see if you can find the next STR experience.
Just making this up but an example of this would be a beer themed STR in a great brewery city. Or a sports themed STR for a popular team (Ex: Dallas Cowboys). Airbnb often promotes a ton of unique homes or experiences. From here promote and advertise your STR to draw attention to your unique location or experience.
