Buying STR in this Market?

[Alex Smith]

Hi all,

I am one of those who think there is never a “bad” time to buy real estate, but there are very difficult times.  I have always thought that the key to real estate wealth is through long term appreciation. 

With that being said, I am stunned by the rise in housing prices. My strategy is simply to purchase a SFH in a popular vacationing area to generate income through a STR.

Deals are incredibly hard to find unless it needs major rehabbing - which brings out of state, is not something I will be able to do. People know what they have and the inflated prices show it.

What are your thoughts on purchasing "turn/key" properties in this market for STR? Is it a horrible idea?