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Updated almost 5 years ago,
New Smyrna Beach, FL - Good for part-time STR Investment?
I am trying to understand the New Smyrna market in terms of a short term rental investement.
I'd like to find a place in Florida that I can be there during some of the winter months, and use as a short-term rental for the rest of the year.
I'm finding all kinds of various ordinances in cities around the U.S., zoning issues, etc.
Is there an agent that understands that market? If that isn't the place, is there a more ideal place in Florida for what I'm trying to accomplish?
In terms of financing, what instruments are typically used for acquiring STR property? I currently have equity in my home. Im curious what deposit is typically required, and how loans get structured for out of state investors like myself looking to do part-time STR?