Casa Grande AZ - New to Real Estate

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Casa Grande AZ - New to Real Estate

Julio Contreras
New to Real Estate · Casa Grande AZ · Member since 2015 · 35 posts · 3 votes

Hello everyone,

My wife and I purchased a single family home in 2019. 

We don't have a lot of cash on hand but we are thinking of buying a second property. A lender told me that we are approved for 295k FHA.

I am looking in Casa Grande and Arizona City for deals bur need help on what you all suggest. Not sure if I should still look in this market or look at out of state.

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  • Ken M.
    Investor · Get yourself trained before doing something inadvisable. · Member since 2024 · 3k+ posts · 1k+ votes
    5mo
    Quote from @Julio Contreras:

    Hello everyone,

    My wife and I purchased a single family home in 2019. 

    We don't have a lot of cash on hand but we are thinking of buying a second property. A lender told me that we are approved for 295k FHA.

    I am looking in Casa Grande and Arizona City for deals bur need help on what you all suggest. Not sure if I should still look in this market or look at out of state.

    What amount down, what are their lender fees and what interest rate did they offer? There are some pretty good deals out there that are "off market" with owner finance, which means no lender fees.
    0Reply
    • Julio Contreras
      OP
      New to Real Estate · Casa Grande AZ · Member since 2015 · 35 posts · 3 votes
      5mo
      Quote from @Ken M.:
      Quote from @Julio Contreras:

      Hello everyone,

      My wife and I purchased a single family home in 2019. 

      We don't have a lot of cash on hand but we are thinking of buying a second property. A lender told me that we are approved for 295k FHA.

      I am looking in Casa Grande and Arizona City for deals bur need help on what you all suggest. Not sure if I should still look in this market or look at out of state.

      What amount down, what are their lender fees and what interest rate did they offer? There are some pretty good deals out there that are "off market" with owner finance, which means no lender fees.

       Hi Ken,

      The lender said roughly 12k, 7.5 interest, with a 1 percent lender fee.

      i am interested in the off market deals with owner finance. Do you know who I can reach out to?

      0Reply
    • Ken M.
      Investor · Get yourself trained before doing something inadvisable. · Member since 2024 · 3k+ posts · 1k+ votes
      5mo
      Quote from @Julio Contreras:
      Quote from @Ken M.:
      Quote from @Julio Contreras:

      Hello everyone,

      My wife and I purchased a single family home in 2019. 

      We don't have a lot of cash on hand but we are thinking of buying a second property. A lender told me that we are approved for 295k FHA.

      I am looking in Casa Grande and Arizona City for deals bur need help on what you all suggest. Not sure if I should still look in this market or look at out of state.

      What amount down, what are their lender fees and what interest rate did they offer? There are some pretty good deals out there that are "off market" with owner finance, which means no lender fees.

       Hi Ken,

      The lender said roughly 12k, 7.5 interest, with a 1 percent lender fee.

      i am interested in the off market deals with owner finance. Do you know who I can reach out to?

      I know of one in Goodyear but I think he needs $30k down at 5.95% no lender fees
      I'll see if there are any others
      0Reply
    • Julio Contreras
      OP
      New to Real Estate · Casa Grande AZ · Member since 2015 · 35 posts · 3 votes
      5mo
      Quote from @Ken M.:
      Quote from @Julio Contreras:
      Quote from @Ken M.:
      Quote from @Julio Contreras:

      Hello everyone,

      My wife and I purchased a single family home in 2019. 

      We don't have a lot of cash on hand but we are thinking of buying a second property. A lender told me that we are approved for 295k FHA.

      I am looking in Casa Grande and Arizona City for deals bur need help on what you all suggest. Not sure if I should still look in this market or look at out of state.

      What amount down, what are their lender fees and what interest rate did they offer? There are some pretty good deals out there that are "off market" with owner finance, which means no lender fees.

       Hi Ken,

      The lender said roughly 12k, 7.5 interest, with a 1 percent lender fee.

      i am interested in the off market deals with owner finance. Do you know who I can reach out to?

      I know of one in Goodyear but I think he needs $30k down at 5.95% no lender fees
      I'll see if there are any others

       Thank you Ken. We are trying to save more money for sure so I can get those type of deals.

      0Reply
  • Patrick O'SullivanBusiness Member
    Property Manager · Phoenix, AZ · Member since 2024 · 523 posts · 196 votes
    4mo

    Keep saving, keep analyzing deals, and wait for one that truly works, even if that takes a bit longer. Look for properties that cash flow from day one (or close to it), not just appreciation plays. The numbers need to really make sense.



    [email protected]480-795-7938
    get MULTIfamily Property Management4.7220 Reviews
    WebsiteView Page
    0Reply
  • Matthew Thornton
    Member since 2025 · 104 posts · 37 votes
    4mo

    OKC Metro

    0Reply
  • Dirus Slick
    Phoenix · Member since 2024 · 5 posts · 1 vote
    4mo

    Pleasure let’s connect

    0Reply
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