
Is NOW the Best Time to Invest in Real Estate? (With Scott Trench from BiggerPockets Money)
Money Guy Show
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How to Invest in Real Estate
The framework I'll apply is you want to take a property and put it to its highest and best use as an investor. So if you're buying a property that's in a part of town, that's going to command a high premium for short term rentals, you turn it into a short term rental. If it's next to a hospital, perhaps you put it into a medium term rental and have traveling nurses stay in the property,. That's kind of springing up. But these are all trade offs around operational activity and investment. You got to furnish the place in one example versus, you know, run it unfinished and do very little in another example.
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