All Forum Posts by: Alice Chen

Hey @Jordan Alexander, yes I would advise owning property instead of renting them. Arbitrage isn't investing. You might make some money, but you can do that with your W2 job and save, save, save.

What I would do if I were you is take advantage of and FHA low down loan. Buy a duplex or larger up to a 5 plex. Live in one and rent the others. Fix it up as you go, after a year, refinance out of the FHA, rent the other unit, then do it again. You will have one multi family that should be performing and living for free.

Continue to save up and then move into other investments after the 2nd multi family is fully rented.

Upwork looks like a legit website, but I have one question. Ideally the leasee for arbitrage should get all their money they invested (cost of furnishing, deposit, etc) back out within 6 months, and then have 6 months profit. If the lease is renewed that makes the profit better, if it's not renewed there is at least a 6-month profit. So, for someone who knows how to run this business model, why would they be added more money invested by hiring someone to find houses instead of doing it themselves? Or is this something you as the homeowner would pay someone to go find someone to arbitrage?

Oh and don't forget STR in Las Vegas have to be owner occupied.....

The recently released update extension not only delays the tax filing deadline to October 16, 2023, it could also extend your 1031 Exchange deadlines until October 16, 2023 as well!

For example: Typically, if you were to close your investment property on April 1st, you would have until May 16th to identify property and September 28th to close (45 and 180 days respectively). With this recent extension however, you will now have until October 16th to both identify AND close your Replacement Property.

This will allow for clients that are doing 1031 Exchanges to take more time to do the due diligence on properties that they intend to purchase and potentially take advantage of lower interest rates, if rates start to decrease later in the year. Instead of rushing to find suitable Replacement Properties that meet your needs, you will now have a lot more time to make one of the biggest financial decisions of your life.

As you can see, now is an INCREDIBLE time to list and sell your investment property and exchange into a better performing asset.

We have a property in Long Beach, CA all furnished and ready to go for STR. We are looking for some good company who wants to do rental arbitrage.

@Alice Chen I am right there with you. I live in a new subdivision in Converse, TX outside of San Antonio and noticed the two properties on both sides of me are owned by a larger company out of Florida. They have been vacant since December on the rental market. I asked the builder about STR and she said I don't think they are allowed but what you do behind your door is your business just know the risks. Thought about approaching the leasing agent for those properties to possibly arbitrage one as I am right next door but who knows. Darn if you do darn if you don't just have a back up plan and execute. Now let me go check my HOA agreement.