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Updated 11 months ago on . Most recent reply
hi! new to STR investing
Hi there! I am new to short term real estate investing, looking to nail in our first property this year. I have been looking in Santa Fe NM area, as well as Gaitlenberg NC, Myrtle Beach, or Savannah Georgia. Trying to nail in a location that will have high volume of renters. I'm happy to hear any suggestions you have around specific neighborhoods to look in. I am also curious what is the wise way to buy, in terms of price/size of home. I prefer not to spend over 350k, but as I said, this is my first time so looking for any guidance and ready to learn!
Most Popular Reply
hi @Emily Davis
I live in Santa Fe, NM, and while it's a great market for STR, the cost of entry is going to be the biggest challenge.
The median home price is over $500K. The city also has a lot of restrictions on STR rentals.
I would recommend looking in other areas.
Jens