Real Estate Rookie Making $25,000/Year Cash Flow by Buying the Worst Rental on the Best Block
Jan 12, 2026
In this lively discussion, Alex Reeves, a short-term rental host and investor, shares how a layoff sparked her journey into real estate. She transformed a distressed duplex in Dallas into a lucrative property that now nets $25,000 a year. Alex recounts her bold decision to buy the place sight unseen and the creative strategies that led to its success, including leveraging her marketing background to craft memorable guest experiences. She also dives into the financial challenges of renovations and how she achieved a stellar Airbnb rating.
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Bought Sight‑Unseen On FaceTime
- Alex bought a dilapidated half-duplex sight unseen over FaceTime while at a conference.
- The property was in a top neighborhood with comps around $450k and listed near $201k, so she saw upside.
Use Wholesalers To Bootstrap Deal Flow
- Use wholesalers or auction platforms when you lack time for direct sourcing and want faster deal flow.
- Meet local wholesalers over time to build relationships and access better deals later.
Hunt Auctions For Furnishings And Materials
- Use online liquidation auctions (e.g., Hibid, AuctionHub) to source fixtures, appliances, and building materials cheaply.
- Balance time vs. money: auctions save cash but require extra pickup and coordination.
