New to BiggerPockets and Real Estate Investing
Hi All,
My wife and I are considering investing in a short term rental in the Virginia Beach area. We'd like to own property (house or condo) that we can use for vacation several weeks of the year and rent out the remainder of the time. The goal would be to find a decent 2 to 4 bedroom place close to the beach (or other outdoor attraction) that would allow us to realize a modestly positive cash flow. We might also be open to other markets, as long as they are within 4 hours of our home in Northern Virginia. As someone who has never invested in rental property before, I'm in the process of trying to educate myself, so I welcome any useful recommendations or suggestions related STR investing/analysis, financing, property management, etc., as well as any information specific to the Virginia Beach market. I'm excited to learn and look forward to engaging further with the community!
-Rich