Updated over 2 years ago on . Most recent reply
Long term vs Short term rentals
Hi! I've been looking into real estate for a while now and I'm finally ready to learn and jump into it. Before I do though, I want to know which route I'm taking- long term vs short term rental properties. For all experienced investors out there, which one do you think is best for first time investment? What are the pros and cons of each? I need advice please.
Most Popular Reply
Some others have offered good feedback regarding the pros and cons of each.
Regarding your question about which is best for your first investment - Long term rental.
A long term rental will be easier to underwrite, easier to buy, easier to finance, easier to manage. All around it's just a better option out of the two for a first time investor (IF you can make the numbers work).