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Updated 4 months ago on . Most recent reply

Short Term Rental Markets
I'm currently researching the prospect of short term rental markets relatively close to home which is Saratoga County NY. It seems there is a great discrepancy over whether it is smarter to stay local or not for your first rental investment. I am not against LTR but would like a higher cash flow property since my wife and I are already in our early 40's. We have full time professional jobs and children so getting into heavy rehab or flipping is not an option. Popular markets near us appear to be the hudson valley, adirondacks, finger lakes (although it seems STR's are under fire there), and even the cape cod area as we have vacationed there a lot and know the area fairly well. I'm wondering if people had experience in any of these particular markets they could share.
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I would check out airdna pay for a monthly sub for a bit, it really helps paint a picture of the health of a market.
- Vince Scipione
- 215-534-9224
