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Updated over 5 years ago on . Most recent reply

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94
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Lorraine Patterson
  • Rental Property Investor
  • Queens, NY
27
Votes |
94
Posts

Out of state investment for a beginner

Lorraine Patterson
  • Rental Property Investor
  • Queens, NY
Posted

I'm a newbie, and for my first investment I'm gearing towards an out of State STR, where I can also use as a vacation home and depending where I'm at in my life, retire there. Is an STR a bad idea as a first investment.....

Most Popular Reply

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4,508
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4,192
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Paul Sandhu#4 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • The worst town to live in, KS
4,192
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4,508
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Paul Sandhu#4 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • The worst town to live in, KS
Replied

Learning to crawl is like managing a LTR in your town.

Learning to walk is like managing a STR in your town.

Learning to fly is like managing a STR in another town.

Learn how to crawl and walk, then learn how to fly.  The rewards get better each time you advance a level.  Skillset also needs to be advanced more at each level.

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