Deciding on Strategy

[Jared Mackert]

Hey everyone, I'm new here but have been actively listening to the podcasts for the past couple years and I'm finally deciding to take the plunge into investing. I'm trying to decide on an investment strategy to begin. I'm highly interested in STR for traveling nurses and professionals and I just don't know how to go about finding a deal in the right location to do that. Do I just find any nearby hospital to look at deals or is there a more insightful way to look at demand around certain areas for traveling nurses. I'm interested in this strategy purely for the cash flow, it would be a huge help in my current situation. I have also been interested in just buying a duplex and buying and holding. Not sure how much cash flow I could realistically expect though. Any advice would be greatly appreciated!

[Taylor Dasch]

If you want to do STR/MTR you may be able to pick a hospital and look at properties in the area then find out what they are going for on sites like furnished finder.

But I would pick a larger hospital that is a teaching/training hospital - this will give you the opportunity to have a larger pool of possible tenants.