All Forum Posts by: Briana Smith

Hey @Ji Hong, I don't have a solution, but I will note that I am running into the same issue. I am interested to hear other's advice.

@Alfonso Aramburo Zepeda I agree. the credit piece was weird. It was also odd that he didn't have a portfolio or anything really to show just a discord chat. Anyways, I hope you find a credible hard money lender.

I know most people in this forum own their properties and don't do rental arbitrage, but I am considering rental arbitrage in another state, and I was wondering how people go about getting furniture and items sent to the unit prior to them driving down/hiring someone to set it up. Is the only way to do it, if you know someone who lives in the city? 

I just wanted a video on YouTube of how a lady bout stuff from Wayfair and Amazon to furnish the place and then drove down and put all the furniture together, but she didn't say where she had the furniture delivered.  

@Chris Davidson Hey thanks so much for the transparency. It seemed off, but I thought I would look into it further. He claims that they need the money from their investors to scale horizontally, but ya a lot of red flags. Thanks again!

Sorry if this is a silly question, but has anyone heard of Scale kit (fix and flip automated) funding and have any thoughts on if it is a good investment or not?  Website: scalekitfunding.com (not the marketing company that shows on google) and the individual social media is Rishi Panchal on Facebook and @mrfundible on ig

They are apparently offering 0% loans for a term of 12 months. It was described to me as the following:

They initially check your credit to make sure you meet certain qualifications like credit score over 600 etc. You pay them 2k and they help you setup the LLC and guarantee funding up to 50k at 0% interest for 12 months. The funding comes from regional lenders they have relationships with. Once funding is secured they take 10% of the funding and you can then put it into their fix and flip automation program which is essentially investing in the down payment on a home in Sacramento that they use your down payment to flip. They guarantee 25% return in 14 weeks on their fix and flip program. Then you can use the money you put in plus the return to pay the lender back or do another 1-2 fix and flips until the 12 months is up. They did also note that there is a contract involved that adds you to the deed of the home being flipped in the event that something happens and you have full transparency into the flip and its progress.

I know that private lending is a thing, but I have always known it to involve interest payments and points you have to pay on it, so what is the angle here. What am I missing?

Hey guys! I am trying to utilize the enemy method by finding properties on Zillow for sale that I like and are in my budget and then looking at the same area on airbnb and trying to compare prices and amenities to places on Airbnb. Part of my search includes looking at calendars and seeing if comparable places are fully or partially booked. I am noticing a trend where a lot of places have maybe a few bookings in the next couple months (March-April) and then fully blocked out and booked the rest of the year(July 2023-July 2024). Is that an airbnb tactic or does it mean something? Maybe they live in the unit and only rent it when out of town for a season? I think this info is available on AirDNA but I am avoiding buying it for now. 

Also, I read somewhere that studies show people are no longer booking far in advance, so it is normal for places to only be booked 2 months in advance. Do you guys believe that to be true, and consider it in your enemy method analysis?

 @Sara Frank Thanks for the insight. As I mentioned I am really trying to connect with people working with STRs in the area, so if you know of anyone who would be interested in sharing info or contact or even pointing me to a good local meetup, please let me know. That would be immensely helpful. 

@Russell Brazil Thanks for that info. I had no idea. 

@Brooklyn McCarty Hey, so I have the read Avery Carl's book and it is fantastic. I recognize the opportunity to find the market and then use neighbors and enemy method to find people to clean and do maintenance and create your systems, but you still have to get down there to see the property and furnish. Totally possible tho! Thanks for the insight

@Brooklyn McCarty I agree. Researching and trying in a different market was my second option. I thought that doing arbitrage and cohosting was a good idea close by where I could easily drive and furnish and clean/find cleaners myself, but maybe I will expand my search and try arbitrage from a distance (if that is even possibly)

@Michael Baum Thanks for the insight. Man I wish I would have thought to buy a 4plex or duplex with FHA and live in it when I got my first home. That being said, arbitrage is not the long term goal. My ultimate goal is to save as much as possible for a downpayment by the end of the year, but I was hoping to gain even more passive income with arbitrage in the meantime.