Brand new to real estate investing

[Sergey Toshinskiy]

Hi guys, I’m a physician in Michigan and I’m quickly learning that real estate investing is the most reliable path to long-term wealth. Excited to do my first deal, which is likely going to be a local short term rental due to tax savings. Appreciate any advice. Thank you, Sergey.

[Melissa Justice]

@Sergey Toshinskiy,

Welcome Sergey! You’re absolutely right - real estate is one of the best vehicles for building long-term wealth. A short-term rental can definitely have strong tax advantages, especially if you or your spouse qualify for real estate professional status or can materially participate.

That said, since you’re busy as a physician, you may also want to look at turnkey long-term rentals in the Midwest and Southeast. They’re already rehabbed, professionally managed, and pre-leased in many cases. It’s a great way to get cash flow, appreciation, and tax benefits without adding another demanding “job” to your plate.

Happy to share more on both strategies - STRs vs. turnkey LTRs - and help you weigh what fits your lifestyle best. Best of luck!