Thinking about investing in short-term rental property? It can feel daunting when you’re starting out. 😳
It’s a complicated and sometimes confusing world to navigate!
You might hesitate because you’re afraid of making costly mistakes. ❌
To take the mystery out of the process, our founder Melissa Joy sat down with Natalie Bruno on the Women’s Money Wisdom podcast. Natalie has a personal journey into the short-term rental market.
👇 Here are some of her top tips for getting started 👇
🛠️ Start small
Even the most seasoned investors began with just one property. It may be tempting to hit the gas pedal, but acquiring multiple properties can feel overwhelming– especially at the beginning of your journey. Start by finding a property that fits your budget goals and build slowly from there as you learn.
🗓️ Prioritize persistence
Real estate, like any investment, isn’t without its challenges. But it’s those hurdles that help shape better investors. Whether you’re learning how to finance your first property or figuring out the day-to-day management, the experience you gain along the way is invaluable. Stay focused on your long-term goals and keep going.
💥 Take action
It’s crucial to focus on your first move. Don’t let fear or lack of knowledge hold you back. Take that first step, and remember, every successful investor started somewhere. It’s never too late to pivot toward a new opportunity. If you start to feel discouraged, reach out to a trusted advisor for support!
Tune in to our Women’s Money Wisdom podcast episode 185 for more practical advice on how to get started and build a sustainable investment portfolio. If you’re feeling anxious about stepping into real estate, this episode is for you!
