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Updated about 3 years ago on . Most recent reply

Newbie here looking for guidance
Hello BP community, My name is Lizette. I’ve been following BiggerPockets for about 3 months now. I have found a lot of useful information here. In the past year I’ve been working on my finances and This year my goal is to start investing in short term rentals. I currently own two properties (long term rentals) but I’m considering buying more real estate to start AirB&B. Any recommendations on where to get started?
I appreciate your input!
Most Popular Reply

Welcome to BP @Liz GilMeza, great to meet you. STR are very strong assets, and in certain markets really stand out because of their propensity for cash flow. Because of that, they may have more work involved with them. Very important to keep in mind: determine what market(s) you are interested in, and make sure they allow STR in non-owner occupied properties. Some cities (such as Austin) do not permit traditional STR (less than 30 days) within city limits if the property is not owner occupied - make sure you clarify that before committing to a market.