They are either dealing  with a property they are having problems with or they want more than market vale. 

Most STR markets have seasonality, and there are untold issues in the future that will effect cashflow. 

I have had many conversations with her friends about the differences in our markets and  have recognized for a while now that there may be some mutually beneficial opportunities to work with Canadian investor specifically. 

As with most municipalities and jurisdictions, the evolution of the AirBnB market has spawned regulation and restrictions on where, when and how a STR can operate.

Bought undervalued (market value of 265k); refinanced about 1 year later to contribute to next property purchase.

what would you think of a 14,600sqft 3 unit property in sailboat bend, off market, that is RMM25 zoned and has a nice single family and duplex behind it, half of the lot if empty so it can be developed or RV/trailer parking, for $1.1M?

The non-conforming duplex was on the market for just $430k.

I’m reminded of a buddy of mine who moved from Brooklyn to Scottsdale.. he initially thought the desert was just cacti and scorching heat, but soon realized there’s a thriving market here with pockets of real oportuntiy.Working with an investor who’s ready to spec build is a fantastic way to dive in.

I was actually born in Hartford - would love to know how the market is over there!

Alternatively, investing in money markets is another consideration.