Yes, 2 within 1-2 hours and 2 more within 4-6.Is it near state and regional attractions?

Whether it is experience requirements, leverage requirements, minimum property values, ARV ratio, FICO requirements, and even specific regions that they will/won't lend to, its important to know what those are for the lender you are inquiring with. 

Their analysis is based on the growth of the larger metros throughout the United States that drive regional tourism into various vacation rental markets.

The CRE lending market is expected to recover gradually, with opportunities emerging as interest rates stabilize and maturing loans drive new borrowing activity.Some regional banks are certainly struggling while others are consolidating in bid to become national powerhouses.Revised CRE Lending Projections2024: 26% growth to $539 billion (down from previous 34% growth forecast)2025: 23% growth to $665 billion (slightly lowered from 24%)Multifamily Sector Adjustments2023: $246 billion (49% drop from 2022)2024: 21% growth to $297 billion2025: 31% growth to $390 billionMarket FactorsRecent moderation in interest ratesSignificant number of loans maturing soonProperty owners hesitant, hoping for further rate decreasesUncertainty persists in the market, particularly regarding interest rates and property owner behavior.

The local economy is stable, and the potential for appreciation seems promising, especially in areas that might benefit from revitalization.Looking for Advice and Insights:Since I’m new to the area and the Missouri real estate market, I’d love to hear from fellow investors who have experience with BRRRR deals in this region.

Hi Megha,Generally speaking, our capital partners are okay with cabin-style homes in the Smoky Moutain region used as STR/LTRs, but we would need to see the property to get a better idea of whether it is a match for us and our partners. 

I'm not sure about National banks but I have spoken to two regional banks who theoretically will allow it. 

Are there specific countries or regions that offer good opportunities for beginners?

I run one of those homes as a STR.We're now back in California but I stay active in the Detroit market and help a lot of (primarily OOS) investors be successful there.All that to say... be open to your region in general.

I’d be happy to chat with you/answer any questions you may have about the Syracuse/Central NY region!