Hi All,
I have a SF LTR that I'm self-managing on the passive side. But I'm thinking of getting into STR investment and become more active.
I’m a complete newbie to short-term rentals (STRs) and eager to wet my feet in this area. I’m from Houston and particularly interested in the Houston market and its surrounding areas so it is easier to manage.
My Criteria:
- * To buy: 3bd/3ba property at Max: $350K. Must have a decent backyard and/or rooftop terrace.
- * Property in a flexible market to switch the rental from an STR to LTR (if STR doesn't work out).
Questions:
- * What are the prospective neighborhoods or areas within and around Houston for STR investments?
- * What are some factors to consider when identifying these hot spots?
- * What is the best strategy for first-time investors: Own or Arbitrage?
- * Finally, could you recommend any valuable tools or learning resources?
I'm eager to learn from experienced investors and gain valuable insights into the world of STRs. Any advice or guidance would be greatly appreciated!
Thanks in advance,
Charan.
