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All Forum Posts by: Alex Welstad

Alex Welstad has started 6 posts and replied 7 times.

I've always wanted to have a boat to fish with in the Florida keys.  But I cannot afford to keep one there in storage.  

my thought was to turn it into a profitable situation.  Does anyone have experience with renting out larger boats.  Yatchs or 80'+ fishing viking boats?

I figure I could hire a caption.  Rent out spots.  I also think it could be a way around the strick short term rentals there.  

could do daily trips.  Multinight.  Week.  Ect.


Would be great to hear some insight or any experiences doing this. Thanks!

Looking to get our first Rental property. Very Excited!

Scottsdale is pretty intense at the moment for real estate. 

Is there a better part that people see better returns on there STR?

Does anyone have any leads to a home for sale off market? 

I tried a 1900 mailing list and had no luck.

Any info would be greatly appreciated!

I'm using dealmachine for the lists for a direct mail campaign.

my concern is the houses that are owned by a corporation or out of towner that is most likely STR the home.

My question is how do I get my letter into the owners hands. Sending it to the home directly there's a good chance it won't get to them.  

Thanks

alex

Originally posted by @Kevin Douglas:

CDA is a great market! I own a short term rentals in the area. I would invest in your back yard if I were you. Hit me up if you need any help finding the right deal. 

The issue with cda is I think it's overly inflated.  If I buy now and the market goes down. It won't be good for me.  

if you bought in 6 months or a year ago your sitting pretty.  But to buy and str I don't see the money there. 

Currently in coeur dalene idaho.  Prices around here are pretty intense.

North Scottsdale looks nice. Seems a 3 bedroom, pool ect in north Scottsdale goes for 500 to 600k.  Airbnb revenue seems to hold its value and be able to break even there. I'm approved for both areas.   

I'd personally like to do a new construction commercial space but just don't have the capital. I'd rather take the 60k and start some kind of invest

Post: Coeur Dalene Members

Alex WelstadPosted
  • Posts 7
  • Votes 6

Looking for people around me to link up and discuss the local market, ideas, ect.

I own a local construction company and am starting to look into investing in realestate or building new residential and selling.

The market here is nuts right now!

Thanks!

I have a interesting opportunity coming up.

There is a property that my Mother in law wants to buy.

Its 100 acres, with 7 parcels. each parcel ranges from 8 acres to 33 acres. There is a dock with 100' water front. 2 parcels have actual water front and the taxes reflect this. 

The idea is to buy this and split it with the other family's in our family. 

The issue is i feel they are very naive about this. I want to make sure im covering myself in this transaction.

We are meeting tomorrow to go over paper work for a lender, i dont know what paperwork we are filling out but its the basic ssn and income.

Sounds like they are trying to loop all of us (5 familys ) on one loan? ive never heard of this. 

Im interested how we are going to "split" it up when the property is a loan. 

Itll be interesting, im not going to do anything till i make sure im getting equal land for my money and that i have ownership.

Anyone have any tips or what i should look for?

Thanks

Alex