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Updated over 2 years ago,
The World Is My Oyster - How would you Invest?
So this is out there but it's real...I am an RE investor. I have my RE license in FL. I have STR's (Airbnb's in vacation hotspots) and Long term rentals (1 or 3 year leases) under my belt in multiple states. I mix hiring out professional management with running my own properties. I also flip. I grew up in construction, and just flipped a 5 bedroom 3 bathroom house with only hiring out a plumber (main sewer line) and electrician (new panel) contractors.
I recently got an opportunity, with a certain "patriotic" major US airline, (can you guess?) to fly anywhere they fly in the world for free. For an unlimited amount of time. I'm serious. I can fly to US destinations or international ones for absolutely nothing.
I am going through a divorce which will soon be final and I will not have a primary residence. All my property is investments with tax and lease info to back it up. I will keep some of it after the divorce.
My question is this: if you were in my shoes, how would it change your investment strategy if the world was your oyster and you had construction skills and an RE license?
Would you find properties in small towns in midwest America and buy them cheap and flip or rent?
Would you go all in on a tropical hot spot like the next international Airbnb vacation craze like Mykonos or some wine country town in France? (prob not!)
Would you focus on emerging vacation hot spots and set up Airbnb's in one specific area so it's easier to manage?
I've found STR's cash flow much better than long term rentals. So I'm leaning toward something with STR's. But, I'm so open at this point it's not even funny. Cheers...