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Updated 10 months ago on . Most recent reply

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Alicia Falls
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First investment property as a Canadian buying in the US

Alicia Falls
Posted

Hi there,

Forgive me as I'm very new to real estate investing. I've followed the markets and learned lots over the years but have never bought a rental property. I have finally saved up enough to buy my first rental property. Im Canadian but because of the failing market here, I'd really like to put my money into the US market. I have two small boys and would love to invest somewhere that makes sense for us, aka Florida (Kissimmee area). I have found a number of properties that seem like great deals. One property in particular is listed in the Kissimmee area (I think it's about 26 mins to Disney), it's a single family, with a pool. 3bd/2bth. The great thing is it's turn key, already set up as a STR and owner will pass over current listings, and it comes completely furnished! I found the listing on Airbnb and I can already see it has 19 days booked this month and 17 days booked next month. The rent would certainly cover the costs of the house. Anyone have any thoughts to give a newbie like myself a helping hand? Obviously I'm in Canada so would need a property management company so that would add to the expenses, but I don't know, something feels right about an investment like this. Any thoughts, tips, suggestions would be greatly appreciated. I have enough for 30% down in order to get a dscr (I believe it's called) mortgage. Anyways thanks for reading and appreciate any input :)

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