What I'm buying in Mesa & Gilbert

[Josh Young]

#1 Seller Financing - I have bought a couple seller finance deals recently and they are great. Making up terms to fit what works for me and the seller is fun, and this strategy can be a win-win, but it's really more about building the relationship with yourself and the seller than anything else.  My deals were both low down payments and break even cash flow with lots of principle paydown on the loans because I used a lower interest rate with a shorter amortization schedule.

#2 Value Add - A few months ago I bought a property below market value and did a rehab with new floors, paint, fixtures, and appliances. I created a lot of equity, but I'm waiting to pull it out until the 12 seasoning period is up so I can stay with a conventional loan, I also want to wait for rates to be lower and/or rents to be higher so it will still cash flow.

#3 Owner Occupied SFH - I am always buying a primary residence every few years and moving into it, it's how I got started, and will always be a part of my strategy.

#4 SFH with an ADU - Most of what I buy has a focus on equity and growing my net worth, but I've been wanting to add multi-family to my portfolio, but what I see is that SFH with an ADU actually cash flow a little better than multi-family, so this might be my next purchase.

What are you buying right now?