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Updated over 5 years ago on . Most recent reply
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Triangle NC newbie to real estate and Airbnb
I'm a physician who is fairly new to investing in real estate in the Raleigh Durham area. Like many in my profession, investing and finance were not specifically addressed in my career path.
Does anyone have experience with this location?
Specifically, looking to buy a property for the purpose of using it as an Airbnb?
I'm also trying to figure out what would work "time" wise since my wife and I are both have careers in health care and we have small children. Does anyone use a company to manage these properties? May not make sense financially.
Thanks!
Most Popular Reply
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@Poem Turner Thanks for tagging me in! @Samuel Huang, Chris Martin is right about the regulations being a bit unfavorable in our area for STR. I know plenty of people who do it successfully, but the enforcement of these regulations could make it a losing proposition. I wouldn't buy something without an exit strategy. So, if you do a STR, make sure it also makes sense as a long term rental or buy something that will be easy to sell if you need to.
- Dawn Brenengen
- Podcast Guest on Show #101