Building Wealth Through Real Estate - WHAT type of investment to buy?

January 25th, 2023

Now that you’re seriously thinking about building wealth through real estate it’s important to determine which type of investment is right for your needs. Sticking close to home will make management of the investment easier, however an out of area investment can also be beneficial. We were looking for a family vacation home that could double as a short term rental and write off for work which is why we decided on Montana.

Researching an area to determine the supply and demand for travel and tourism can be a helpful first step. Glacier National Park welcomes 3 million visitors each year and with minimal housing options, statistics told us it would be a good short term rental. Our next step was to confirm we were buying the right house, in the right area so we turned to AirDNA. AirDNA utilizes rankings, resources, tools, and reports to help pinpoint short term rental opportunities.

Our final thoughts, if you want to see the largest equity gains, looking for an investment property that needs some work has the potential to add $ to your bottomline! More on the later…

We’ll be sharing everything we’ve learned on our journey and when you’re ready to start building wealth through real estate we’re here to answer all of your questions!