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Updated about 1 year ago on . Most recent reply

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Farooq K.
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Venting on trying to start in AZ how??

Farooq K.
Posted

Can someone give me some advice I have been watching youtube and seeing these people say they buy 4-6 rentals in couple years. And for the life of me i just cant figure out how they did it. In Arizona minimally you are spending at least 300k for a decent rental 3bed 2bath 1500 sqft and on avg at least 400k which is going to require minimally 100k down and closer to 150-200 if you want to cash flow where avg rent is the 2300$ range. And you might break even. I am pretty good income and this would still take at least one year for me to purchase. 
is the idea i just purchase 1-2 a year of this standard? How do people buy real estate in AZ right now i really dont get it.

$300 / sqft i bought my first house 2017 a 4300 sqft for $130 sqft and 2009 i bought very first starter home for $100/ sqft. I just feel like why would i spend $300/sqft.

And thenn lets get to interest rates minimally its 7% good game.

And when i see real estate sales they all dropping price

I dont want to be left holding the bag but tell me how do you do this?

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Chris Seveney
  • Investor
  • Virginia
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Chris Seveney
  • Investor
  • Virginia
ModeratorReplied

@Farooq K.

Don’t believe everything you see on the internet.

I saw someone who says they put the milk in the cereal bowl before the cereal and says it tastes better.

I also see people saying lebron James is better than Michael Jordan

Clearly many on the internet are delusional

  • Chris Seveney
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7e investments
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