Updated about 7 hours ago on . Most recent reply
First Purchase Questions
I am getting back into REI and am looking for guidance. I have minimal experience from a previous long-term rental I owned and sold several years back. I have about 25k-ish that I can use to invest into an STR. I live in the area of Wilmington, NC, which is always very busy with tourists in the warm months. I am looking primarily towards the beaches. With the amount I have to put down, I don't imagine I can get much more than a 1 BR condo, which is fine with me. I would just be using the net from it to roll into another property later.
I don't want to blindly buy. I have used AirDNA for data, and I like their format, but I don't want to pay $50/month just to look at occupancy and average night rates. Is there a free or cheaper option? What is a solid program for nightly pricing? Ideal managing apps or other must-haves? I will be managing myself.
If you were in my shoes with your experience, what would you do?