STR and Sedona Az market
Hi,
I am looking to invest in STR primarily to utilize Tax benefit but also secondarily to diversify. Based on my readings, it seems imperative to maintain Cash flow through STR. Any advice if Sedona is a location that seems conducive to such a proposition. Regulations seems reasonable in Sedona but again my comparison point is Palm Springs CA. Initially was thinking closer to LA … Palm Springs, Big bear, Joshua tree etc. But more I dig, I am more convinced to venture to AZ. Scottsdale is also of interest. My budget is about $1M with leveraged financing.
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#2 Short-Term & Vacation Rental Discussions Contributor
- Olympia, WA
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#2 Short-Term & Vacation Rental Discussions Contributor
- Olympia, WA
Hey @Shaival Patel. I think Sedona can be a perfect place for this depending on your situation. Tax benefit stuff is all over the board and I assume you are working with your CPA to make sure you get in the right vehicle.
I was there last Oct to check out the area and look at a few places. @Martin D. is my guy down there. He is an investor himself and knows the STR map like the back of his hand.