First Time Investment Property Buyer

[William Silva]

Hello BP Community,

I've managed to save up around $90,000 to invest in my first rental property. I live in Miami, FL and don't want to buy here since prices are incredibly high.

I want to invest in growing communities, not exactly sure if I want to buy an AirBnb as my first out-of-state investment or  3-6 month short term, or a 1 year+ property. Also not exactly sure which state I'd want to invest in.

Questions for you who do this successfully:
1. What has been your favorite state to invest in? (some of my own research: Georgia, SC, NC, OH, TN)

2. What is your favorite renting strategy in that state? (Airbnb, short term rental, 1year+)

3. I know I have more questions but I've drawn a blank... I'm sure with your responses, I will generate more questions.

Thank you for all the help! Gd bless

Note:  I'm a licensed Realtor + MLO in Florida.

[Wale Lawal]

@William Silva

Investing in states like North Carolina, Georgia, Tennessee, Ohio, or South Carolina offers a mix of long-term and short-term rental markets. Short-term rentals are ideal in tourism-driven states, while medium-term rentals near military bases provide stability. Long-term rentals in Ohio and North Carolina offer affordable property prices and reliable cash flow. Other factors to consider include market growth, local laws, property management, and financing strategies.

Good luck!