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Updated over 5 years ago,
What would be your advice/first steps to a new investor?
I've been investing in the stock market for almost a year now and want to get into rental properties next. I know nothing about real estate but do have some ideas, mostly from listening to the BPM podcast. I plan to read the books they've suggested and figure this would be a good place to start.
One idea I've had for a first rental property is to buy a vacation home/condo in Florida that I could start renting through AirBnB etc. for the rest of the year. You can let me know if this is a good way to get started or an absolutely terrible idea- I won't be offended.
Any advice/first steps/ resources would be greatly appreciated! I am new to the bigger pockets website and will definitely start reading as much as possible but let me know if there is an exceptionally good place to start! Thank you.