*** Where do I start? STR/AirBNB/Arbitrage ***

[Duncan Hayes]

Hey BP, hope everyone is doing well. 

My question is simple, Where Do I Start? A little about me, I've been in the investing industry for about 2.5 years now. Have virtually wholesaled deals all over the country from my couch, but I'm ready to get some cashflow going. I currently live in Austin, TX and I do have a LLC registered here as well. I'd like to get into the STR space, specifically AirBNB but idk where to start. What resources are you guys using to do your market research? I've viewed what going rates are from the consumer side and getting to see the available days so I think I have a general idea of the #'s, but of course "general ideas" and investing don't go together.

Thanks in advance for any advice! 

[John Underwood]

Originally posted by @Duncan Hayes:

Originally posted by @John Underwood:

Don't start or end with Arbitrage, this is not RE investing.

I would say start with buying a place and renting it as a LTR.

how is it not? I put up a deposit on unit (investing), I pay first months rent (investing), I furnish (investing), I pay the utilities (investing), I pay "management" fees to AirBNB for connecting me and the customer (investing), I pay cleaning company to clean my units after checkout (investing), all in hopes for a larger return so I can recoup what I spent and put some money in the bank (investing).

 You are buying into a job. You are not buying equity or wealth. The actual owner is buying wealth an equity as you make his mortgage payments for him every month.

The owner can decide to take his property back at some point as you are just a tenant.