All Forum Posts by: Dami Gonzales

I am not an experienced investor, but have lived in CG and Arizona City, I would just recommend to be weary of this location. A lot of the recent rapid increas in rent cost seem due to Lucid Motors, but Lucid is not doing so hot right now. Lucid has also significantly dropped their new hire engineer salary over the last 2 years and many salary employees have slowly been switching to different EV or engineering companies over the last few months. 

Hello, new here. I have about $55k in cash/stocks right now. I have a pretty good income, currently living near Phoenix Arizona. Living with roommates to keep my rent cost lower. 

I have an idea. Would love to hear some feedback. 

My dad has a small piece of land near Medina lake in Texas (currently all dried up).

Thinking of the following, only using about $35k of my own cash.

1. Request my dad to add my name to the land deed.

2. Look into using that land as collateral for a loan (need to do research still. Not entirely sure how this works or if a good idea)

3. Hiring a tiny home builder for the property

4. Set up the tiny home with a theme.

5. List tiny home on Airbnb. 

I think it would be a few years before I saw a direct return, but thinking it would be good for a long term investment and also maybe I can even turn around and use the built equity (if any) later. 

I'm also WFH in my new job, so if it's a complete flop, I could deal with the loss and live there to reduce my overall personal expenses.