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Updated about 2 years ago,
Newbie wanting to take a swing at Orlando rentals. Please help me
Hello,
After taking a couple vacations to Orlando, FL by staying at airbnbs, I have gained interest in real estate investing. I've been considering it for a year now and I would love to buy a place or (or more) within driving distance of orlando attractions to rent out, but I lack experience in real estate so I'm not sure how to get started. Currently I live in an apartment and have a comfortable (but boring) 9 to 5 job and have around 90k just sitting in savings accounts. I'd love to be successful enough in real estate where it can replace my current job. I know that may take a long time, but I would like to at least give it a try instead of doing nothing.
What are some steps I should take to get started on this?
Would it make more sense to live in the area that I'm investing in? Or can a lot of this be started from where I am now?
Things I am aware of so far is getting a property management company to take care of the property, but that's about it. Any advice and help is welcome.