Quote from @Qais Attarwala: Hi everyone, Just wanted to start out by saying thank you to everyone in this really supportive community.

Hey DenisI have commented a lot about arbitrage in a general sense here, however I believe I am uniquely qualified to answer here as I live and operate about 65 units in this specific market.In 2016 I got my STR start arbitraging a Gulf Front mansion that was in foreclosure and I got a great deal on. 

You begin depreciating $200k over 27.5 years, starting from 2023.You do a major $50k rehab in 2030.

I started off doing long distance BRRRRs until the rates went up.

My wife and I are in the process of starting a stem education center and I have leased a 1,200 sqft space that is apt for that which is at an upcoming shopping area. 

Go to GET STARTED > EVENTS AND MEETUPS at the top of your screen.

Quote from @Jerryll Noorden: Quote from @Jon LaBorde: I’m a few days away from starting my first marketing campaign and I was wondering if anyone could tell me how many leads I need in order to get a wholesale deal, my first month I’m starting with SMS and cold calling and I’d like to reach about 10,000 people and I’m nervous that I should be trying to reach more.

:)General question here: I invest in long term rentals in Memphis, but I live out-of-state in NYC, so I was wondering if anyone had any general advice about starting an LLC in my situation.Would you form the LLC in Tennessee or would you recommend forming the LLC elsewhere?

Work WITH Other Investors, Not Against ThemI started partnering with flippers to buy their properties rather than competing against them for deals.

Start with BiggerPockets Ultimate Beginners Guide (free).