Buying Your First Short Term Rental - Episode #37

So the first thing I want to bring up is really... identify where your market wants to be.

So what market do you want to invest in? And I tell everyone, you need to invest in a market that you want to go to.

You need to invest in a market that you want to be in.

Yes, it is a data-driven, numbers-driven decision.

No ifs, ands, or buts about it.

You have to have a data-driven decision when it's all said and done.

But when you're deciding on where you want to be, you need to be able to envision where your property is, what type of property you want to invest in, and make sure that you really understand what it's going to take to manage from afar because you more than likely don't live in that market, and that's okay.

But you definitely are going to want to see it, this property.

You're going to want to go there and visit it a couple of times a year.

So identifying your market has to be the first step.

At Savvy, we have the market match team that you can talk to them.

They can talk to you about your budget and give you a couple of market ideas.

If you don't know, if you have no idea where you want to invest in, we can definitely help you with that.

Now,