How does one get started in the business of rental arbitrage?

Question

Hey everyone,

My name is Justin Lopez. I’m an aspiring investor in the tampa Bay Area! This year I should be able to quite my first property as well as dip into rental arbitrage. I’m currently in the process of networking and researching more about rental arbitrage! If anyone has done it within our area, I’d love to connect. Curious to hear thoughts, advice, successes, and even failures. Thanks in advance, look forward to chatting.

Nancy Bachety · Answer

@Justin Lopez congratulations on acquiring your first property. Do you plan on house hacking it, renting it long term or short term? You found the right forum to ask about STR. Arbitrage support isn’t likely to be found here because it’s like managing someone else’s property and calling it investing. It’s good for getting experience though and so is reading the volumes of advice here.

Good luck and welcome.

Bill B. · Answer

Feel free to click on the magnifying glass in the upper right. This is literally asked monthly if not weekly. It’s regarded as a pretty bad deal since you usually have to lie to the landlord.  You’re better off buying anything and househacking it.

Doug H. · Answer

@Justin Lopez

Generally one gets started by listening to some Tik Tok influencer who doesn’t fully explain why arbitrage is both a potential nightmare and not really a strategy for building wealth…..

Paul Sandhu · Answer

No, it's asked about 6-7 times a month.

Justin Lopez · Answer

@Doug H.

I’ll be honest with you and tell yo that this is exactly where I heard the idea. I have been doing my investigations and trying to figure out if this is for me or not. I wanted to get started and I am going to get start, just don’t know how to attack it. I am buying my first SMF with in the next two to three month (waiting for funds) so that I can house hack.

John Underwood · Answer

This are is for investors who purchase property.

Bruce Woodruff · Answer

Are you interested in STRs? This might be better suited in another section of the forum...?

How does one get started in the business of rental arbitrage?

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