Looking to start STR business. Should I invest in course?

Question

Hello all.

I’m brand new to the STR scene and hoping to get some advice. I have experience in remodeling and construction so fairly familiar with markets. I am wondering if it would be smart to invest in a coaching course to guide me? I am most interested in doing partnership deals where I would not need to own the property to profit from it. I had a meeting with STR wealth academy and went well, but the $6k price tag seems high. They do offer guidance and legal docs etc so I do see the benefit. Also saw the STR profit academy that was similar for a fraction of the price but did not seem to offer as much.

Wondering if anyone thinks this is worth it? I would be working another full time job also in hopes of eventually doing this full time. Any advice greatly appreciated.

Thanks!

John Underwood · Answer

Short Answer - NO.

Everything you need to know can be found here on BP for free.

Avery's book is a great primer also.

JD Martin · Answer

Listen to John. Though I'm not a big fan of the book (I own it) but I think a lot of the "books" out there are really long-form blogs that are just being capitalized. There's only a couple that I've bought (here and elsewhere) that I thought were really well-done enough to warrant the price I paid.

Anyway, I don't know these STR academy people but I took a look at their website and it instantly reminded me of something from academia (I teach at several universities as an adjunct professor and have a doctorate): "Those that can, do, those that can't, teach". If I was making buku bucks running short term rentals why would I want to make less money and spend time teaching newbies how to do what I was doing and in essence increase the knowledgeable competition? It makes no logical sense to me. It's generally because some/most/all of the money is coming from students rather than from the activity.

You can learn plenty here without spending $6k. Become a pro member here if you want to spend a few bucks - you'll have access to a lot of different things on the site.

Dan H. · Answer

I took this Bootcamp. The cost is a fraction of what the OP is looking to pay for his course.

I thought the course was good, especially if you are planning on self managing. Also cannot beat the price.

Good luck

Hanaa Abou Ouf · Answer

There is also a Short Term Rental Bootcamp through bigger pockets, that is taught by Avery Carl and Luke Carl, as well as other amazing team members of the Short Term Shop. Very informative and a great starting point.

Napoleon DeCiutiis · Answer

Darrin,

If you go with a Short Term Shop agent we will teach you how to run your STR effectively for free. There is a reason Avery and Luke are in the markets we are, and it's because they are established driveable rental markets. The knowledge is also here on BP for free. Save your money for your down payment on your first STR!

Brooklyn McCarty · Answer

BP has so many great resources! I’d start with these forums and Avery’s book!

Sarah Kensinger · Answer

Highly recommend a course, especially for a business model of the strategy your thinking of doing! We're part of a mastermind that cost more than what you have listed, and we haven't regretted it in the least!!

Robin Simon · Answer

I definitely recommend reading this book from BP first and then decide if a course is right. Lots of great info in it and is a quick read

https://store.biggerpockets.co...

Alex Scattareggia · Answer

Local meetups, BP, there are even some great Facebook groups.

The difference between what you can get for free and what you would be paying for is not anywhere near big enough to justify the spend IMO.

Good luck.

Looking to start STR business. Should I invest in course?

Looking to start STR business. Should I invest in course?

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