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Updated about 7 years ago,
Advice on whether to start with vacation rentals
I could use some advice as a newbie or wanna-be real estate investor. Right now I'm gathering information and figuring out where I should start with my investing career. For those with experience in vacation rentals, would you suggest that someone starting out get into purchasing short term/vacation rentals right away? I live in Florida and am thinking that I have a great opportunity to own some vacation rentals and manage them myself since I can get to know the gulf coast and am within 45 minutes of many islands/beaches. I'm a bit concerned that vacation rentals may have more volatility and be a bit harder to turn a profit, and am thinking I maybe should start a base of income with multifamily rentals first. Please let me know your thoughts.