All Forum Posts by: Aristone Louxz

@Aristone Louxz - Rental arbitrage is legal with the landlord’s consent. It requires some investment but can be quite profitable. Some smart and successful furnished rental owners like @Paul Sandhu and @Luke Carl don’t like it, but there are hundreds of folks doing it successfully.  Two years ago I stepped away from 20 years in corporate America to build a rental arbitrage business in San Francisco and just south. Now I am managing 20 units and earning a decent living. My landlord partners frequently bring me new properties because they great corporate tenants and free property management. 

Check out posts and info from my mentors @Al Williamson and @J. Martin, and read the book by Scott Shatford. They are arbitrage masters.This business is NOT passive and it’s NOT easy money. But if you rent good properties, use great photos, enjoy hard work and take good care of your guests, it can be fun and lucrative. Good luck!

@Aristone Louxz you’ll get lots of hate around here for this method. It has a name it’s called arbitrage. Search the forum for it. 

You’re looking for the Brian Page bnb Formula. 

Good luck!!

Hey, brother. Congrats on the leap of faith. 

I was an agent in Virginia for a few months while I was retiring from the Army in 2016. I had no plan B. I was going to transition in RE on my last day, so I couldn't waste time. I was able to close three deals within a few months, one of them was my own rehab. I had to move to Ohio to help my wife take care of her father. I have not gotten my license here yet. 

Other than that... I'm not that experienced. I can give you some good advice I got from other seasoned pros that helped me a lot:

1. DO NOT procrastinate. This will destroy you ASAP.

2A. PARTNER WITH A SUCCESSFUL AGENT for free. Print their flyers, make their coffee, and listen, listen, listen. Partner with them on showings and other meetings, if possible. You want to know what makes them successful. 

2B. GET TO KNOW RE PROFESSIONALS like title companies, law firms, contractors, inspectors, etc. Build relationships with the best of those. These people can help you help your future clients.

3. Target some areas around Cherry Hill and learn those areas as well as possible. Stick to what you know and if you don't know, get some help from your broker. Familiarize yourself with the MLS ASAP and know how to analyze property value and your market climate.

4. While you're getting familiar with your target areas, partnering with agents and brokers, and learning stuff... go knock on as many doors as possible and hand out your card. Get to know some people.

5. Don't go home until you've completed 8 or more working hours of doing the above.

I grinded every day like this until I had a system that worked for me. The desk at my brokerage had dust on it because I was selling houses and beating the pavement. Just don't stop for anything. Everyday do something that moves you to your goal. I can't stress this enough.  

congrats on all your success and love that you where able to share and give encouragement to us newbies 

Well played house hack. Put that $980 / mo to work in some more real estate!

@Aristone Louxz great job! Glad you took that initial leap and grabbed a multi family on your first deal! Keep going!