Looking for insight

[Derek Bleam]

Hi, everyone. I'm basically new to bigger pockets, and also fairly new to real estate. I currently own 2 properties, and in the process of looking for my 3rd, which will be my primary home for my family and I. But I had thoughts about buying in the pocono area to then eventually turn it into an STR, then buy a nicer more permanent Single family home that's paid for by my rental properties. I'm sure there's people on this forum that have experience with buying in the pocono area or surrounding areas, and would love their insight or knowledge of what they think the best way to go about this is. Thank you.

[Autumn Cain]

Hi Derek! Welcome to BP!

The Poconos is an awesome area for STR and is quickly exploding with popularity! In the Pocono area I would focus on seeking out Townships and HOA's that allow STR's as not all do. This would be the first point to checkout! STR Friendly

After that I'd definitely narrow down the type of surrounding area you want for this house. DO you want to be near all the attractions like resorts and malls? Or do you want to be nestled in a private spot in the woods with a lake? Both are attainable options in the Poconos. 

I'd recommend Pocono Summit and Locust Lake, both hot spots right now with a handful of good listings. 

As far as steps here- I'd say connect with an agent in the Poconos area first and foremost- an agent that has experience with investors and STR as well so conversation of this house will be easy!

Good Luck!