These are the primary factors that will guide your choice of market and the type of deals you'll pursue out of state.Investing out of state can be tricky.

Are there any knowledgeable mortgage or finance brokers in the Houston area who have expertise in similar transactions?

Anyone have knowledge of this?

Originally posted by @Gregory Mcgraw:Hey Joel I appreciate the information and knowledge. 

@Tom Dieringer After purchasing my first property in 2024, I acquired most of my short-term rental (STR) knowledge from The Short Term Shop, which included maintaining respectful communication with guests, keeping calendar availability up-to-date, and ensuring high-quality listings.When I initially began May of 2024, I opted to list my property exclusively on a single Online Travel Agency (OTA) - Vrbo.

I just wrote an offer for full asking price at 30 day close, with a contingency to extent at BUYERS choice for 30 more days if I don't get an favorable response on the electricity install costs.

A 1031 exchange is a smart choice for your parents, reducing immediate taxes to $70K (capital gains on $300K boot + $25K depreciation recapture) versus $148K without it.

I want to ask ya'll seasoned investors if you were starting out today where would you start investing with all the experience and knowledge you have now?

Each week, I personally analyze the MLS, leveraging my deep knowledge of South Florida’s short-term rental market.

Would love to connect and knowledge share if you are interested.