Hey BP community, I have been under contract for a while on a piece of property out in GA.

I owe a mortgage bal of $126k on a property worth $375k and have about 8 years to pay it off; rate is 3.37%.

look at lots of properties before you offer.

i This particular PM and property I have had for two years.  

BRRRR is a low-cost real estate investing strategy that involves buying a distressed property, fixing it up, renting it out, and refinancing to pull out equity.

how much should i expect to pay for my next property i know it depends on price but percent wise?

I have never owned a home before but I’m considering buying a place here, living in it while I’m here, then short term renting it and using it as a vacation property when I move back to Canada. 

I did STR in a duplex starting back in 2017 and managed for others in North Conway, Ive since converted to all long term tenants and happy i did so... unless your property has something unique or a "rare" amenity.... like, sleeps 30, I honestly would not waste any energy on it in the north Conway area. so saturated, and so much big money being invested in the hotels, its tough to match amenities vs cost, and I see travelers trending back towards the hotel style accommodations. granted, for the right price, I'd buy anything and figure out what the best use for it is. use airdna.co for decent data on # of Short term rentals in any particular market. can also identify opportunities. the point of my response.... be careful in STR in any area and always have a plan B. you can change a lot of things about a property, but your cant change your basis!

Im about to close in on my first investment property, a large Single family home .

  $400 for the premium properties $350 for closer to average finishes.