New to Investing Long Distance
My husband is a high income W2 employee. I am a homemaker but looking to hit my 750 hour REPS status this year. We live in Idaho and currently own 2 STRs in Idaho, 1 LTR in Idaho, and another LTR in Washington (which we purchased when we lived there). We love investing and use it as a means to lower our tax burden but it is hard to find deals in Idaho. We are thinking about stretching and doing something out of state. Anyone have advice of where to begin?
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That's awesome that you and your husband are thinking ahead @Matthew Kai Elliott. STR's are a great method to do that or another way is being a full time realtor/investor.
I've sold a ton of STR's to OOS clients buying near osu campus here in Columbus. They profit well because football season at ohio state is huge and there is so much business growth that downtown and short north are always popping.
Affordable and solid assets that hold value. You should look into it.
- Alfath Ahmed
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