STR La Quinta good move?
Seeking input on whether a short term rental in the la Quinta area, specifically PGA West is a good move. While I know the rental would rent I am unsure with the high homeowners association fees and other expenses if the purchase would be profitable with a mortgage with 20% down. I would appreciate any advice, recommendations, or input you have with purchasing 3 beds and 2 bath property in the la Quinta area. Thank you in advance. David
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I should also mention there appears to be a lot of new inventory in La Quinta, investors have been buying a lot of homes for short-term rentals in the last year or so as La Quinta has gotten a reputation for being short-term rental friendly. Be prepared to really be on your game, and put out a beautifully remodeled/furnished product, and super competent management team, to compete. Not as easy as it was a couple of years ago.