Rookie Real Estate Investor Looking into the Short/Mid Term Space

[Erich Clark]

Wanted to introduce myself to the community and put myself out there. The name is Erich and I'm starting out building my path to financial independence through the help of real estate. I first got introduced to BP and the idea of being a real estate investor through YouTube Videos and the podcasts and got hooked on the concept. I currently have one (1) long-term single-family home investment; my wife and I purchase through a VA assumption and I'm looking to expand my portfolio in the short to mid-term space. I'm looking more in south-east U.S. (TN, GA, FL) near national parks and other vacation-ish destinations. I'm also looking to connect with realtors in those areas to continue expanding and also for a mentor to help in the process as I only have a base line knowledge. Thanks for any feedback and I look forward to continuing being a part of the REI community.

[Justin Kemper]

Hey @Erich Clark,

Congrats on the first property and good working planning ahead to future short term rentals. I think you are making a good call trying to find destinations that people travel to preferably away from major cities. I am in Nashville and the short term rental market is pretty saturated, but the goal should be to to find up and coming vacation spots. Somewhere more secluded and has a local attraction that brings people to the area like a national park or on a lake. Also if you go this route plan for seasonal fluctuations. Wish I had some insight on exact locations that are going to see this growth. If I did I would be doing the same.