I think if it’s a market with strong historical visitor numbers then you will be fine in the long run, but you could very well be overpaying relative to the next few years.The other tough thing is that at this time, depending on the property and market, by the time you close and get set up the summer high season may be halfway+ over.

As goes for your family I would explain to them that historically Real Estate has been the safest asset to put your money into.

Residential has the best upside due the historically low inventory which will not be resolved anytime soon.  

I'm also looking for a CPA who is well versed in real estate taxes, particularly historic tax credits.

It'd be nice if there was a historical list you could see, even if it kept the addresses anonymous to see how the market is.  

Anyone have any historical data or case studies that might give insight into what we can expect?   

Investment Info:

Single-family residence other investment in Black Diamond.

Purchase price: $110,000

Cash invested: $65,000

Sale price: $490,000

Major live in fixer.

What made you inter...

Hi Arsalan - a great option for you will be a "DSCR" loan which are historically investor-friendly mortgage loans for 1-4 unit residential investment properties, however in recent years this product has expanded to cover residential properties up to 8 units and "mixed use" properties like yours that have a commercial unit or two. 

Purchase price: $320,000 Cash invested: $5,000 Sale price: $420,000 This property was acquired by the owner of a historic church that they could longer afford due to back property taxes and code violations.

Although rates are increasing the demand remains high and even with increased inventory the state is at all time lows historically.