Starting My STR Journey

[Kevin Rodriguez]

Hello everyone,

I recently embarked on my STR journey in early October. While I've been enrolled in an online course, I've found it to be quite costly and not as practical as I'd hoped.

I recently discovered BP through a friend, and I'm amazed at the wealth of knowledge and support this community offers. However, I'm facing a challenge: closing deals. The course heavily relies on cold calling and emailing, which hasn't been effective for me as a novice.

I'm considering a different approach, such as arbitrage, as it seems more accessible for a beginner. While I'm not entirely discouraged, I feel like I've invested significant resources (LLC, website, domain) without securing a deal that generates cash flow.

Any advice or guidance would be greatly appreciated.

[Trent Reeve]

double check your outlay of costs on arbitrage. you may not be paying to buy a property, but you will have to furnish it, carry insurance, and pay the owner their money too. and at the end of the day, the owner can stop your "business" and take it off the market or sell it at any time. 

I will say, I lived on here for a few years. I bought my first place in Oct 2022. using what I learned here I feel comfortable about where I am at. Well reviewed and my  management processes in place. and one of the nice things, I am out-performing my neighbors and close competitors by 20%. all with only the knowledge from here and from Avery's book