It is a slow time in the market overall with the holidays this month and next.

And the consumer is spending this holiday season.

Have a happy holidays and a great 2025. 

I just thought I would share and I hope you have a great holiday season and New Year in 2024!

Rents that are significantly lagging market go up $75.I chose the Winter timeframe because no one wants to pack and move during the holidays and cold.

Also, May Holiday V BTC has a claimed fact "In January 2024, Blacktip’s president, Jeffrey S.

I have a Booking.com guest in one of my properties right now and he is fabulous - 8 night stay for the holiday.  

About 20% use DSCR (usually 20-25% down) and the rest are cash or hard money or something else.For $325k purchase:1) As a broker I would negotiate down as its been on the market a while and its especially now in holidays)2) I would also negotiate seller paid closing cost credits, most loans allow 3% which should cover most or all of that.3) Assuming you paid $325k but got closing costs covered I would anticipate a minimum of $32,500 down and maximum $65,000 down depending on lending product chosen.4) Remember you still must furnish and I use $20/ft as a safe estimate to fully outfit an STR property.Best of luck!

All the best ones I know are full and not taking new clients.I would encourage you to hit this one hard because they get very busy in a month and they have little to no time for anything other than servicing clients after the Holidays, until May.Real estate lawyer - I use and recommend @Brad Schaeppi.

Whilst at first skeptical, I did book a flight for a weeklong midwinter holiday.