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Updated almost 4 years ago,

User Stats

14
Posts
9
Votes
Alexus Wenstad
  • Phoenix, AZ
9
Votes |
14
Posts

Real estate investing suggestions

Alexus Wenstad
  • Phoenix, AZ
Posted

Hi all! I am a total newbie to real estate and trying to figure out my best route to take.

I would like to have rental properties at some point for passive income but right off the bat I am hoping to find a way to get a little but better ROI quicker- if possible of course.

I have some money I could invest in a fix a flip property perhaps, however in my local market my money won't get me far. Out of state I know is possible but I would think more of a challenge. And being done out of state I would expect I would need a partner who is capable of doing the fixing portion, since I wouldn't be there in person and also not super handy. However I'm not sure that with my funds, I will really find much- I have 10k at least- I don't want to use all my savings for this, some is an emergency fund.

Anyone have any suggestions for me? Would like to maybe do a few fix and flips, reinvesting the money into other fix and flips to eventually have a bit more to get a rental property and still have my emergency fund. Hope this all makes sense!

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