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Updated over 2 years ago,
If you were to start from scratch today...
My wife and I have become increasingly interested in diversifying our portfolio and investing in real estate. Most of our non-liquid assets are invested in a low-cost, globally diversified ETF portfolio, but see a lot of value in increasing our income and net worth through real estate.
So my question is this - if you were starting from scratch today, where would you start investing if you were going to be using your own assets? AirBnB? Long-term rental? Flip? We are interested in the prospect of starting with an AirBnB and leveraging that asset down the road to acquire multi-family properties and/or long-term rentals.
For context - and maybe this is why I'm a little "gun shy" - we live in the Dallas/Fort Worth metroplex where property taxes are asinine and homes are still selling well above asking prices and appraisal values.