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Updated 4 months ago, 08/12/2024
Newb to STR in Houston Market
Hello BiggerPockets Community!
I am reposting something I sent to the general starting-out community because it is specifically about STR. I figured I would get better responses here:
I am deeply appreciative of the wealth of knowledge and experience that this community shares. It truly is a treasure trove of information.
Anyhow, I am posting because I want to connect with people who have successfully done STR for their first investment. We live in the Houston market, so if anyone is in the area, I'd love to take you to lunch and learn from you. The $100 steak is on me :). I'd also be willing to throw some cash into any charity you choose.
I have been trying to pick a lane for the last 6 months and keep going into analysis paralysis. At this point, I realize I just need to pick a lane and take action. I know everyone will be biased toward the strategy they prefer, but I want to hear from those successfully generating income from STR specifically.
What books did you read to help you start? How did you find the right market? How do you know you are going to make money and avoid a trap? What is the time commitment to be successful in this strategy? I have heard it is more active than some of the others.
I am looking for someone willing to come along beside me and talk to me about the basics.