First Investment - Looking For Some Guidance!

[Mike Kundla]

Hey friends! My wife and I are just starting out and trying to get the ball rolling on our first real estate investment. I'll be completely honest, I'm a little overwhelmed. I just finished David Greene's BRRRR Method and I've been trying to absorb as much information through listening to the BiggerPockets and RealEstateRookie podcasts on a daily basis. The concept of the BRRRR method makes so much sense - but all I keep reading about and hearing is how difficult it is to implement the BRRRR Method in today's market. Any recommendations on what niche to jump into right now? We've always been interested in out of state STR... I just don't know if going out of state is the right move for our first deal. As you can see, I definitely have a bad case analysis paralysis.

We sold my condo about 6 months ago and have about $60K left over after we bought our current home.

Thanks for listening,

Mike