First Investment, Beach Rental. Should I wait until Winter to Buy

[Vincent Russo]

I have the funds to act now. This would be my first investment property ever. I live 3 hours from Ocean City, Maryland. The hot season is about over. I worry if I buy now, I will need to carry the note until next summer with no renters. This would be a STR opportunity. Nothing available WOWs me but I really don't think the market will all of a sudden crash like some are predicting. I am worried if I don't act now, I will not have much to buy in the late winter early Spring. Thoughts? Should I wait until Winter so I can see if better opportunities pop up or grab something now and pay the mortgage for 9 months?