Such a newbie, looking for advice

[Lacey B.]

Hello!! My husband and I decided to get into real estate investing and pulled out 100k to start the journey. I don't know much but just started listening to every podcast I can and it seems I might have picked the worst time to embark on this journey? What do you seasoned pro's think? I'd love some advice:

- buy now or wait until prices/rates come down?

- best markets to buy? I live in GA but not attached to that area

- would you advise STR's or LTR's?

- What would you do today with 100k and wanting your first investment to be a success? 

I just signed up for the boot camps, so hoping that helps but very appreciative of any advice. :)

[Jerrod Rosen]

Welcome to BP! You're not going to get a lot of people in here telling you to wait! It depends on the market but we are finding it a great time to buy. Not as much competition means you can negotiate more and rates have gone down in the last few weeks. It's always a good time to buy good deals, just make sure you are underwriting them correctly and conservatively. STRs generally equal more cash flow but more work. You are literally running a hospitality business, if that is something you are interested in then great otherwise boring LTR over time make the most sense.