Hello this is my first time posting and looking for a little guidance and advice. I've had my own company for the last two years which makes it a little harder to get financing. I already have a primarily home with a mortgage but I do have over $300,000 in equity in that home. I have been considering getting into Long or short term rentals and developing. I live and work in the Park City area which is where I have been thinking of doing my investing. The only down side of the area is that all types of properties are more expensive. On the flip side of that rents are pretty high and any homes that are more affordable sell quickly.
I have been considering getting into developing but I would have to get partners to help with the financing. I would bring the licensing, experience, crews for infrastructure, building and local real estate agents. I am not sure though how to find those kind of partners and how attractive that would be to others.
Going the rental route seems like a good way for me to go also but I'm not sure if I can scale it and make it cash flow with the prices and interest rates.
I would love to hear any thoughts or ideas on what I've been thinking.
