Relatively new to real estate investing, eager to learn

[Chris Cline]

Hello, fellow real estate investors. I am Chris Cline from Bandon, Oregon. Real estate investing relatively new to me and I’ve decided to begin my journey with Airbnb arbitrage and house hacking. I have been researching and underwriting LTR properties in many different U.S. markets for the past eight months while working full time. I have struggled with analysis paralysis since pretty early on and I’m learning that financial decisions are not my forte, but I am determined to become a successful real estate investor. Any and all advice welcomed and appreciated. 

[Troy Christiansen]

Thanks for sharing your story, Chris. It sounds like you’re doing a great job getting educated and staying motivated, which is half the battle. Analysis paralysis is super common for new investors, but it’s usually a sign that you're ready to take action, so the next step is to help yourself with a final push to move forward. I’d recommend giving yourself a firm deadline to at least try making your first offer. Even if the deal isn’t perfect or doesn't go through, the experience could be worth it, and the next time will be easier.

Since you're focused on Airbnb arbitrage and house hacking, you may want to start with markets where short-term rentals are allowed and don't have too many significant barriers to entry. Several areas either don't allow it or require a permitting/licensing process, so make sure to do your research on that aspect before you move forward. Also, when looking at house hacks, duplexes or triplexes can give you a great mix of cash flow and lower living expenses. Keep it simple, keep learning by doing, and take things one step at a time. Best of luck to you!