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All Forum Posts by: Alexus Wenstad

Alexus Wenstad has started 3 posts and replied 13 times.

Post: Real estate investing suggestions

Alexus WenstadPosted
  • Phoenix, AZ
  • Posts 14
  • Votes 9

@Landon Bleau there is this mobile home park not too far from me, I was looking at getting one as a vacation rental and then putting it on airbnb - which is allowed... I haven't done the numbers to see if it would be worthwhile yet. I'll definitely check out the episode! Thank you for another great suggestion!

Post: Real estate investing suggestions

Alexus WenstadPosted
  • Phoenix, AZ
  • Posts 14
  • Votes 9

@Landon Bleau thanks Landon! The 10k is what I can invest, maybe 15. I have an extra 10k set aside not to touch as an emergency fund. The only reason the house hack doesn't appeal to me is 1) I am a single mom, and my parents watch my kid so I stay within a reasonable distance to them and there are no duplexes near us, plus moving repeatedly with a kid is not fun nor ideal for me personally. 2) I just had a new home built in 2019 and plan to keep this house long term.

I live in Arizona but have looked at investing in GA or just a more affordable market than what we have here.

Post: Real estate investing suggestions

Alexus WenstadPosted
  • Phoenix, AZ
  • Posts 14
  • Votes 9

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!