First steps and how to practice analyzing deals

[Emily Simmons]

My ultimate goal would be to own properties in places I and my family already enjoy visiting, but make them nearly full-time STRs.

I'm still busy saving up capital; what should I be doing in the meantime? I have an LLC just to keep myself motivated. It's easy to feel crazy and inadequate for thinking I can eventually do this. What can I learn while I save so I know how to spot and jump on a good deal when I'm able? I get the sense I'm either overthinking things or missing key pieces of this process.

[Bruce Woodruff]

You're most likely over-thinking things as many newbies tend to do. But hey. it's a huge investment, the biggest of your life, so you have a right to be a little anxious...

I would study up on anything Real Estate and/or construction related. Learn about houses, how they're built, how they're bought and sold. Delve into alternate strategies.

But mainly you need to take advantage of this opportunity you have right here - this Forum. Ask questions all you want, it's the best way to learn. And we don't mind the questions, we're here to help....