Resident in Tucson, AZ looking into wholesaling/buying+holding

Resident in Tucson, AZ looking into wholesaling/buying+holding

Vail, AZ · Member since 2017 · 11 posts · 2 votes
Hello, my name is Garrett Pickering. I made an account on Bigger Pockets hoping to meet new people and network while I begin my journey in real estate. I am 19 years old and I want to go into real estate investment, and eventually into real estate development. I have already worked an internship at a local real estate branch (Keller William's Realty) so now I feel the next step is to get my real estate license. Daily I listen to podcasts and read online about the different strategies of investing which is why I have come to the conclusion that purchasing and holding rental properties is a good start. Is there anybody who might disagree with this? Based on the research I've done it seems lucrative to start young. So my purpose in posting this is to connect with others in the Arizona market. I have family who lives all over the valley (Mesa, Scottsdale, Glendale) so I am flexible in terms of the market I choose. I want to pick the best market for a young investor to network and purchase my first live in multifamily home. I was also wondering if there are any REI seminars/gatherings in the Phoenix area (which I'm sure there are). I am interested in seeing what is out there and any niches that individuals use whether in the Arizona market or other areas! Any and all feedback is appreciated.
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  • Real Estate Agent · Scottsdale, AZ · Member since 2016 · 53 posts · 10 votes
    9y

    Welcome to BP, @Garrett Pickering - this is a great place to be a part of!  That's awesome that you did your internship at KW - which office did you work for?  I'm with KWAZ in Scottsdale.  I also went to UA and graduated from Eller so I know the area near by pretty well in Tucson.

    Anyway, you are making an excellent choice by starting out in REI at a (very) young age. The first step/investment property is always the hardest but if you do your work and it'll come. Now, in terms of being flexible and finding the right market for you - it really depends on quite a few variables such as your short-term & long-term goals, niche, budget, location, property type, min cap rate, resources/network, lending programs, etc. If you really do your research and know what you can do/afford, then you'll know where to start. If you're looking to invest properties with no money down, then most likely wholesaling is your best option. As far as REI seminars/gatherings, there is AZREIA in PHX (and in Tucson that you can join and attend their monthly meetings.


    I hope this makes sense; I'm here if you have any questions.

  • Vail, AZ · Member since 2017 · 11 posts · 2 votes
    9y
    Dalton Kiley I was not working for a paycheck but a family friend of mine had gotten me an internship in the office because he was the branch manager. The KW I did my internship at is in Southern Tucson. Aaron Wilson was the person I ended up shadowing. Eller is a very prestigious school I would love to be able to attend. But I feel I can do great things in real estate starting young with connections in the community. I will also begin going to any REI seminars in the area to further network. It's great to meet another BP user from Arizona! Appreciate your feedback.
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