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Updated almost 3 years ago on . Most recent reply

User Stats

41
Posts
18
Votes
Jacob L White
  • Flipper/Rehabber
  • Nashville, TN
18
Votes |
41
Posts

Need help deciding if I have found a good market for my first STR

Jacob L White
  • Flipper/Rehabber
  • Nashville, TN
Posted

What are some reasons I should or shouldn't select a house in a market that isn't primarily an str market? The property I'm looking at is a few blocks from the beach in between two commercially active towns but this area seems primarily residential. If any gurus out there are available for a consultation I would really like to talk with you.

  • Jacob L White
  • Most Popular Reply

    User Stats

    313
    Posts
    280
    Votes
    Joseph Bafia
    • Investor
    • Raleigh, NC
    280
    Votes |
    313
    Posts
    Joseph Bafia
    • Investor
    • Raleigh, NC
    Replied

    You can have a viable STR in not a "vacation" market. Just need to do some research on what makes sense in the market your after. Are there other STRs? Is there a nearby draw to other attractions? We don't rule anything out but just need to make sure price is right and that you have demand.
    We’ve got STRs in a variety of places and all do well for different reasons.  

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