Should I Buy Right Now?
Hey guys
I bought my first property in the area, made it a Short term rental and so far everything is good - the property is cash flowing and booked - thank God.
I'd like to repeat the process and purchase another one. I found a lovely 3 bedroom 2 bath in a good location and a good condition for 600k, I see a vision just like my other property and I can see it cash flowing as well after a few renovations.
The one thought that holding me back? I looked at the same market a few months ago and saw a property for the same price , however it was 5 bedrooms! didn't purchase that one because I wanted to make sure everything would be ok with my first investment.
Is this still a good deal? Should I wait? maybe interest rates will go down even more? maybe Ill find a better property that can appreciate better - a 4 or 5 bedroom in Fort Lauderdale area?
Most Popular Reply
If numbers work you should buy, if they don't move on to another property. We underwrite STR complementary for buyers, so feel free to reach out if I can help.