Should I Buy Right Now?

[Bryan Keller]

Hey guys

I bought my first property in the area, made it a Short term rental and so far everything is good - the property is cash flowing and booked - thank God.

I'd like to repeat the process and purchase another one. I found a lovely 3 bedroom 2 bath in a good location and a good condition for 600k, I see a vision just like my other property and I can see it cash flowing as well after a few renovations.
The one thought that holding me back? I looked at the same market a few months ago and saw a property for the same price , however it was 5 bedrooms! didn't purchase that one because I wanted to make sure everything would be ok with my first investment.

Is this still a good deal? Should I wait? maybe interest rates will go down even more? maybe Ill find a better property that can appreciate better - a 4 or 5 bedroom in Fort Lauderdale area?

[Sarah Kensinger]

If numbers work you should buy, if they don't move on to another property. We underwrite STR complementary for buyers, so feel free to reach out if I can help.