If you're looking to get into real estate but don't have a ton of capital, 'rental arbitrage' is an option.
You sign a long-term lease and then rent out that property on short-term rental platforms like Airbnb.
Nathan Turner used this strategy to set up his first Airbnb unit with $6,400.
The Turners' upfront costs would include: first month's rent, a security deposit, and furniture.
Between first month's rent, a $1,200 security deposit, and furniture, they spent about $6,400 and three weeks putting together their first Airbnb in 2021.
Persons:
Nathan Turner, Turner, Taniera, wholesaling, Airbnb, they'd, we've, he's, it's, I've
Organizations:
FedEx, Turners, Houston
Locations:
Houston , Texas, Houston, Louisville, Des Moines