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Updated over 2 years ago,
Air Bnb Arbitrage. STR.
Looking to start my real estate journey in what appears to be the least risky and highest cash flowing way possible. By that I mean arbitrage. What seems like a proven and practical concept, reveals to have many specific dynamics that could make or break a deal. I have recently ventured down this path looking for areas to get started in. Primarily places with high occupancy, high daily rates, and low rent. You know... the basics. Right now the biggest struggle for me is getting started. There is a lot that goes into STR and without previous experience, its hard to find the right answers. For the last 2 weeks I have been trying to find a mentor or someone who has at least 1 STR to help analyze some deals for me and perhaps answer questions. However all I'm running across is self proclaimed gurus asking 6-8k for their course. I'm now at the point where I'm ordering every air bnb book I can find to help get more insight. I understand life is quid pro quo which is why I'm struggling because it seems the only thing valuable to people nowadays is money. So I guess I'm looking for someone or a community of people that can relate back to when they were in my shoes and point me in the right direction. Any feedback or advice would be greatly appreciated. Thanks