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Updated over 4 years ago on . Most recent reply
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New Member - Virginia, Tennessee, Carolinas
Hi, everyone! I'm a longtime listener of the BiggerPockets podcast, and I intend to finally dive into buy-and-hold rental real estate investing this year.
I'm a technology business owner by day, and my goal with real estate is to invest in longterm cash flowing assets with great tax benefits. While I'm open to investing remote, I prefer to get started in areas I'm familiar with. Several target markets include Tri-Cities in East TN (Johnson City, Kingsport, and Bristol), Western NC (Boone/Blowing Rock or Asheville), Research Triangle in NC (Raleigh/Durham), and Central VA (Charlottesville - my current location, or surrounding area). I'm open to starting with either either multifamily or single family and am familiar with the pros and cons for both. I recognize that it's tough to scale single family, but I see that as a potentially great way to learn.
In addition to longterm buy-and-holds, I may be interested in exploring short term rental opportunities in Gatlinburg/Pigeon Forge or NC/SC beach rentals. I am prioritizing LTR first but am prepared to jump on the STR game if we see a vacation rental market crash in the next year from COVID.
Thanks for reading, and I look forward to getting to know the community here! :)
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@Wilson Hunter
Pretty new myself but welcome! Also a tech owner (MSP in FL) so we have a lot in common!