New to BP and Real Estate Investing
Hi all! My name is Raul Gonzalez, and I am new to both BP and real estate investing. I am currently located in Utah but would like to invest out of state even as my first investment, since it's a little expensive here for me at the moment. I have learned a little about fix and flipping houses, but I am focus more on short rentals in the Midwest and south for now. My goal is to have constant cash flow and create a portfolio of rentals for both short- and long-term rentals.
I am looking forward in gaining any insights and knowledge regarding my goals and everything I need to know to be successful in this journey! Thanks in advance for all of your help!
Most Popular Reply
Hey Raul—welcome to BP and the investing world. Starting with out-of-state rentals is totally doable (I’ve built a portfolio across three states), but the key is having a reliable team on the ground.
A couple quick thoughts that helped me early on:
– Don’t just chase cheap—look for markets with stable demand and a strong tenant base.
– If you’re leaning toward short-term rentals, double check local regulations. Some cities in the Midwest and South are tightening up. In a lot of cases, mid-term rentals (30–90 days) offer solid returns with fewer headaches.
Sounds like you’ve got the right mindset. Feel free to DM me—happy to share resources and lessons from my own journey.