All Forum Posts by: Connor Seymour

Hey everybody, I am currently in the process of getting my first rental arbitrage unit running in Louisville, KY. I plan on completely self-managing it for a while, to really get the feel of how everything works, but the goal is to make it a scalable business. I am not really worried about finding a cleaning service, but rather finding someone that is reliable to handle the small things like a broken piece of furniture. 

I am currently attending a small college close to where that unit is, so I am currently able to handle everything like that. However, I might be looking to transfer to a college out in Phoenix. Does anybody have any tips for finding somebody that would be willing to do that kind of work for a single apartment unit? I would need that person/company to effectively act as the property manager/handyman, as they might have to accommodate to some guests requests every now and then.

@Matthew Brill

Thanks for the advice. If I were to put down as little as possible, I would be cutting it close on cash flow if I decided to do a traditional sfr and move out. Something I’ll definitely think about when running the numbers from now on though!

@Anna Bielawski

Thanks a ton for the advice!

Hi everybody, I'm 18yrs old and am looking to start my REI journey within the next year. I am currently looking at doing a househack in a traditional SFR, in a 3x2 or bigger. I am wondering what this community thinks about the rent by room strategy for a househack like this, as I've heard if done right, can produce good cashflow. I've also thought about the idea of putting the extra couple rooms on Airbnb and Vrbo. Obviously there will be more work with the STR strategy, but hopefully more cashflow. I'm just not sure how putting multiple rooms in the same house on those platforms would work. I could also potentially rent out the other rooms to other college students, as I would be close to a major university, and a few smaller ones. I'm just worried about the occupancy during the summer using that strategy, so I'm not super keen on that.

The financing shouldn’t be a big problem for me, as I could easily put down 10-15% on most of the properties I would be looking at.

@Katie Phillips Those sound like a good idea to me. Definitely worth more research. Thanks!

@Wesley B Williams Thanks so much for the tip!

My name is Connor Seymour, and for the past couple years I have gotten very interested in investing in both the stock market and RE. I know the market is generally overvalued right now, especially around Louisville KY where I currently live, so I am not super fond of buying in right now. With that being said, I want to start learning from people who actually invest and know what they're doing. If you have any tips on where to start or with what resources, it would be greatly appreciated!