Real Estate for new investor looking for passive involvement
Hello. I want to ask the community at Bigger Pockets about what you think about this gentleman out of Wisconsin advertising for BNB Accelerator (Nicholas Korom). I am a physician and work too much. I want to be involved in real estate but really don't have much time to get anything done. I earn >$500K / yr, and he advertises to people earning over s$400K / yr about how to get into a Air BNB property through seller financing, low down payment, and they facilitate the entire deal including cohosting the property. Obviously saying all the things I would love to hear, but is it too good to be true? Before that, I had contemplated working with Rent To Retire Group as they are a reputable group finding turn key properties for sale. What are your thoughts on all of this?, and would you have any suggestions for a person like me?
Most Popular Reply
I would recommend buying new construction or turnkey properties. I have a lot of clients that simply do not have the time to deal with their properties. So buying something that is more hands off is a better choice. Short term rentals are not as good anymore. A lot of competition and regulations to deal with. The long term buy and hold approach never gets old and is still a great way to go. I'd also stay away from the low priced properties that look too good to be true. You will make more money from appreciation than cash flow. So try to stay in markets that have high job and population growth.