All Forum Posts by: Zachary R Beale

Thank you all for the great advice. I really appreciate it. A little extra info that I left out prior, that seems to be relevant due to some of the comments, is that I do have a property that has been our primary residence while in school. (renting in Auburn, AL was way more expensive than paying for a mortgage in 2020) We are that online joke of our first home is looking like our forever home due to the interest rate and the price point of the home. We bought it pre-covid 2020. It is a great first property that would make an excellent long-term rental. I would love to keep expanding in the Auburn area because this is where my wife wants to end up. The challenge I see is the Auburn market seems to have flipped and mortgages have outpaced rent in most housing situations. I don't know if this has been standard across the board, but in the few that I have looked at this also seems to be the case. (Local cities to Auburn, AL) This is why I started to lean towards short term rentals, but I only started to scratch the surface on all the details behind operating and maintaining STR's. Thanks again for all your input!

Hello all,

My wife and I are about to start the next chapter in our lives. She will be finishing up her doctorate and finding a job and I will be finishing up my degree and getting a better paying job (hopefully) in the next 6 months. I've always wanted to get into real estate investing and always leaned towards short term rentals/ vacation rentals. The extra info in regards to me is that I get an extra 4k a month due to my prior service in the military. This money is what we have lived on while we were both in school. It will not go away, and it will not be needed in our daily lives, so I am reaching out here to figure out what would be the best thing to do with the additional income. I don't want it to just sit in a savings account if there is something constructive I can do with it in the meantime.  If anyone has any ideas on what to do or what to look into, I would greatly appreciate it.