Starting out in real estate investing: Purchase vs Arbitrage

[Micah Lundstrom]

Hello, 

I am new to real estate investing and hoping to source some advice on first steps. Currently I have about $60k that I would be willing to move into real estate. By the end of the year I could have $80k. I work a full time-job and am attempting to pursue real estate investing as a side-hustle. 

My current strategy is to buy my first rental property this year, and then to use Airbnb Arbitrage to increase the rate at which I am able to collect cash for additional units. 

Two questions:

- Any feedback on this approach? Any tips for a beginner starting in real estate?

- I have considered starting with Airbnb arbitrage, pushing back the purchase of the first property to next year when market conditions may be look more favorable. Any thoughts here?

- A number of Instagram arbitragers have $5k programs where they "hand-hold" you through the first few deals. I know this information can be found online for free - but thoughts on leveraging something like this to get started quicker / with fewer mistakes while collecting a solid network of likeminded folk?

Thanks so much for any guidance here. 

Micah

[Joshua Messinger]

Hey @Micah Lundstrom! 

1. I wouldn't recommend buying any course until you talk to at least 50 people on this platform in the niche you are desiring to learn about. There are so many people that are here to give you a plethora of knowledge for free. 

2. Getting into Airbnb arbitrage can be tough if you don't have the right systems or team set up behind you. This is a hotel business keep in mind, not just "Airbnb arbitrage". 

3. What are your goals for REI? Where do you want to be in 5 years from it, what do you want to get out of it, and why do you want to invest in real estate?

If you start asking yourself these questions and building out a real business around the vision you have in mind there is no way you won't get what you want if you are consistent. 

I hope this helps and feel free to reach out if you ever need anything! 

-

Josh