St Augustine STR Newbie

[David Ashworth]

Hi all, buying my first STR and selling a piece of land I bought in 2021 for 4x to help reduce the note. I'll have this place more than 50% paid off and will see how the rental market fairs before adding leverage. The house itself will be paid off. Note is on my primary residence. Came to learn more about the right leverage to try and get my second STR shortly after as well maybe in the same market. Maybe northeast.

[Julio Gonzalez]

Welcome to BiggerPockets, David! 

Congrats on buying your first short-term rental! Selling land to reduce your debt is a clever move. It seems like you're planning things out smartly to succeed.

Wishing you the best as you dive into real estate investing!
-Julio