Updated over 4 years ago on . Most recent reply
Trying do my first investment.
Good afternoon! From long time want to invest but I am always not brave enough. From couple weeks I am educating myself but still do not have confidence.
I am from small city in Virginia where mainly live from tourist - we have hot Springs, and the oldest resort - Omni Homestead. Houses are here very expensive, historical, and more as a cottage style.
however close by there is house selling for 89.000$ which need major renovation. Simillar square feet can sell here for even 300.000$. I am thinking more about short time rental- tourist are here every day.
becosue l never done that before I am not sure if that is still a good deal.
what kind of loan ? What strategy would you have for the beginner ?