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Updated almost 3 years ago, 02/14/2022
$100k but where to invest
I'm looking at buying my first investment property, but still don't know if STR or LTR is what I'll purchase. I have boots on the ground in Houston, TX, Tampa, Fl, Huachuca, Az, and I'm in Southern California possibly looking at a cabin in Lake Arrowhead or Big Bear. From my research, STR are riskier, but higher payout. If I purchase in Houston, it would most likely be LTR. Florida either LTR or flip. Cabin in Southern California would be a STR. What have been some challenges in your STR? Anyone cashflowing in the big bear lake arrowhead area? I'm having a difficult time deciding where to invest.