Looking to start a new journey of real estate investing

[Jordan Swift]

Hey all, long time lurker. Trying to soak as much up as I can and read/watch as much as I can. I know the biggest hurdle is fear and taking the step/jumping in. I think, thats where I am at. I am in Indiana, 1hr north of Indy and 1hr south of Fort Wayne. I would like to start my journey with STR or mid term rentals. I have no debt other than my current primary residence. I would like to start local as I have 2 universities pretty close. Problem is, I am not "in" the network of local realtors/investors who snag up the "deals" first. My goal is financial freedom as my wife and I both had full time jobs. But I would love to start and eventually have some STRs out of state that generate a more passive income, vacation home, and maybe retire in it one day. Im not afraid at taking some risk, as my current "hobby" is buying and selling large farm equipment from deals and auctions. I just havent dont have the knowledge of the banking, taxes, loans, etc. of real estate. Looking forward to speaking with you.

[Aaron Zimmerman]

Welcome Jordan! I like the plan to get into short term rentals. However, if you're going to actively manage, it is Not passive and runs more like a business. There are some significant tax benefits with the short term rentals so definitely loop in a cpa who can guide you through.