STR, LTR, or fix/flip?

[Lindsey Johnson]

Hey BP family! 

I am a Realtor in the San Diego area looking to transition primarily into the investment space.

I am interested in STR, LTR, and fix/flips. I am open to long distance investing. Long term, I would like to manage a large multifamily portfolio. As I begin this journey, I am wondering-which niche you all recommend as the lowest onramp/barrier to entry? I want to make sure I am being as efficient as I can be in identifying a niche as a get started. Any advice would be appreciated.

Thank you!

[Zach Lemaster]

@Lindsey Johnson

N Michigan is a great area for cash flow. I'm sure you could be successful with a STR in the right spot, but that is more of a unique niche. I think a LTR that has potential for STR use is a really well versed investment. Maybe start looking in the area you know right around the college? Fix & Flip is a full time job, with high risk. Not to discourage you from that, but I would say get an easy win in with a rental to become comfortable with the area, and then maybe take that leap when you are ready. This would be my advice.