All Forum Posts by: Joseph Barnes

@Travers Xanthos Thank you for being so supportive AND helpful!!! I agree, I need to learn a lot before I make any purchasing decisions. 

All great advice! Thank you, and I’m aware I still have a lot a learning to do. Thank you for the feedback 

@John Underwood That makes sense, thank you. I’m looking for places in Phoenix, AZ 

@Luke Carl great info, thanks! I’m glad I asked first. There’s clearly a lot I have to learn haha. That all makes sense too, I can see why hosting a vacation residence in a metro area wouldn’t be a good idea. Would a single family home be better for something like that? Or should I focus on a different kind of investment strategy entirely? 

I’m SUPER new to the bigger pockets forum.

My wife and I are looking to purchase our 1st place (townhouse or condo) in the next 6 months to 1 year. We’ve heard Airbnb is potentially a great option for cash flow so the plan is to live in it for 1 year then rent it out for a short term vacation rental. Why should I NOT do this? Or if it’s a good idea please put my nerves at ease. Thanks!