I too was spoiled by the 8% pref def along with huge exits during the run up economy and ever compressing cap rates.

I think that overall the economy will go nuts, but I still think STRs are saturated, they just got too much attention back in 2019-2021.

Read up on the local businesses and the local economy.

The idea of "economy of scale" on small properties like duplexes is largely a myth.

The Costa del Sol has been pulling the economy of Andalucia, Southern Spain in general and the whole country for decades.2.

Larger properties offer economies of scale and better financing terms, but they also come with more complexities and higher upfront costs.

I am pretty handy and have done plenty of restoration work myself and not afraid to put in some elbow grease. looking into real estate to get the wealth ball rolling but feel a little uneasy given the current state of the economy. what would you do in my shoes?! 

I listened to all the previous hearings and the general sentiment was acknowledging that STRs are critical to the area's massive tourism industry and just banning them is not wise for the local economy.

I put the odds at 97% an investor does very well, 2% that through no fault of Praxis' the housing market and/or the economy enter a tail-spin due to inept political leadership at the highest levels, and 1% that Brian is the biggest fraud ever to fool me. 

I don't think 2025 will be a lot different then 2024 unless the economy changes.