Hello Bigger Pockets Community. My name is Matt Smith and I'm from Pell City, AL. I am very new to real estate investing but am ready to jump in and get started. I have a full time job working in the Auto Industry and make pretty decent money. My immediate goal from investing is to gain long term wealth through passive income. As I gain knowledge, begin investing and hopefully have success, my goals may change (possibly go full time investing and retire from my job in 10 years).
With all that said, I'd like to discuss a few areas of investing that I'm interested in. I am not (at least now) interested in flipping although it could be an option in the future. What intrigues me the most after reading tons of posts, listening to Podcasts, etc.. is multifamily units. The concern I have with this is that there doesn't seem to be alot available in my area. If there are any investors in my area that have had success with multifamily, I'd like to discuss if possible. Please let me know.
The other area that really has my interest is vacation rentals. I've been investigating these for quite some time now. My initial review was on the Gulf Coast (beach condos) and in the Tennessee mountains (Gatlinburg/ Pigeon Forge). After a bit of looking, the beach condos do not seem to be a good area to try and get cash flow. If there are any BP members that are having success, I'd certainly like to hear your stories and possibly discuss 1 on 1. The mountain cabin rental in Gatlinburg or Pigeon Forge seems to be a bit more promising. This area seems to be busy almost year round where the beach only seems to be busy during the summer. We actually go to Gatlinburg every year at Christmas time and I know exactly how busy it is at that time of the year. So, as with the other areas I've mentioned, if there are any members having success here, please let me know.
Thanks for any replies with information on the areas I've mentioned above.
