First Air BNB property

[James May]

Hey guys, I have been researching the space for quite and while and have been doing quite a bit of research and seem to find myself having a very hard time pulling the trigger. Any advice?

[John Underwood]

Buy your first STR relatively close to you.

Consider buying a LTR for your first investment property.

Run the numbers and make sure of what you could net after all expenses. There are several STR spreadsheet tools floating around. Search through the forum.

Read through the forum on past topics and read Avery's book.

Don't get emotionally tied to a property let the numbers do the talking.

Know what the STR rules are for the area you buy your first property.

A 2 bedroom house may be a good first affordable property.

Always ask seller for owner financing you never now what they might say.