How To Choose a City

[Michele Velazquez]

Hi there,

I am new here and new to investing. I am wondering if anyone can advise on how to choose a city to buy a home in with the sole purpose of using it as a STR. I feel like I could do this anywhere in the US, how do I choose? I did research and found Kissimmee but then it seems saturated. I thought about maybe doing Big Bear since I live near there. I just feel overwhelmed! Any advice?

[Jerry W.]

@Michele Velazquez, first where do you live?  Next why don't you start looking at places you would like to live and then check all of the air B&B and VRBO sites and see how much they charge and how full they are booked?  That will hopefully get you started.  Asking us to tell you where to invest in for the entire US is a little bit broad of a question.  How much do you have to invest?  Some houses start at $50K some start at $500K some are a lot more.  You also might tell us about your plans and why you picked STRs.