The REI Concierge Podcast Jean and Tim Discuss "Second Home" possibilities, Short and Medium Term Rentals, Interest Rates and Inflation. RE Nerds Unite!
In this episode (Jean's first in a co-hosting role!!), we discuss some of the mindset barriers that come into play when choosing between a rental property as solely an investment vehicle, and choosing a location where you may want to spend more time yourself. Tune in for some tips and tricks about how to potentially find asset classes in expensive markets that allow you to affordably spend the time you want to there, AND turn a profit when you're living in your primary residence. We also discuss the continually rising interest rates, inflation, and potentially adding a mix of short term, medium term, or ADU hacks to your portfolio of long term buy and hold properties. As always, we discuss how real estate investing is not a "one size fits all" venture, and there are a million ways to be successful. Each investor has to find the mix that works for their risk tolerance, and helps them to attain their financial goals. Spoiler alert, this strategy tends to change organically as you grow your portfolio, and that is completely fine!
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