tech investor getting into real estate

[Jay Levy]

Hello All, I'm new here to bigger pockets, though been listening to the podcasts for a few months. By day I'm a tech investor but looking to diversify into real estate. I grew up around it, so a bit surprised I haven't taken the jump yet. Just had first offer accepted on florida property and putting in offer on Rhode Island property. I'm interested in meeting people who are investing in properties for short term rental use.

[Anthony Thompson]

Jay, welcome to Bigger Pockets! It sounds like you have quite a background. It's not as fast-paced as tech investing, but I think there are still a lot of challenges to keep things interesting :)

Since you're based in New York, I'm wondering what drew you to put an offer on a Rhode Island property. I'm based in RI so it seems, from my perspective, like every other part of the country has more going for it than RI (economically), but it's always nice to hear what others think, especially ones from out of the area that find RI attractive for some reason.

Also if you're planning on doing short term rentals in Rhode Island you should know that starting last year RI added a special short term rental tax. A specific property may still make sense for you but I didn't want you to be caught by surprise since it's a relatively recent thing.