Looking to start investing in STRs
My wife and I are looking to capitalize on the equity on our home and start getting into the STR world. We have recently gotten a HELOC and are looking to start making the steps to buy a rental property. Being completely honest we are new to this. We have been reading a lot of books and information on this and want to start out in the right foot. How would you all recommend finding the right resources to help set us out right? I.e. tax advisors, maybe lawyers, business consultants, etc? All the books say to find good people but don't give great suggestions to make sure we get someone who knows what they are doing and are right for the world we are trying to get into. I appreciate any help you can give. Thank you for your time.
Most Popular Reply
You do not need tax advisors, lawyers, or business consultants to start investing. You need a property. Just learn how to evaluate a deal (there are literally hundreds of thread on the forum about this) and go buy something! You'll learn so much more by doing than by studying theory.
- Dave Stokley