Skip to content
Short-Term & Vacation Rental Discussions

User Stats

3
Posts
2
Votes
Lucy Richardson
2
Votes |
3
Posts

STR in SoCal - best area

Lucy Richardson
Posted Apr 11 2021, 21:37

Hi, I’m new to the forums and looking for advice on purchasing my first investment property. My husband and I have about $140k saved up that we could use for a down payment and closing costs. We are trying to decide if we should look for a cheap multi unit to do ltr or purchase a str rental property in a vacation market that we could self manage. We live in Orange County and would like to buy a place within a few hours driving distance. We’ve looked in Palm Springs but it seems very seasonal and hard to cash flow on top of a mortgage. Any suggestions for best markets in Southern California to purchase a str right now? We’ve just started looking at mashvisor to find comps but the amount of information and options can be overwhelming. 

Loading replies...