Paradise Valley, AZ · Member since 2017 · 2 posts · 0 votes
Hey guys, First post! Been a Bigger Pockets member for some time just gathering information. My buddy and I have graduated into our big boy jobs and are already living together as roommates, both with an interest in investment real estate. We know everyone needs to start somewhere so the idea of househacking really appeals to us.
We'd like to stay in Scottsdale (where we already live) but aren't opposed to other submarkets in the area if we have to in order to take down our first deal. I know it's hard to find "distressed" or unrenovated properties where we are but they certainly still exist.
Any tips for contacting current owners/anyone doing off-market deals in this market currently have some advice? Would love to connect/network/see if we can make something happen.
Looking to close in the next 6 months but there's next to no inventory. Open to hear what the BP community has to say!
I literally just posted about this topic on my Facebook and IG accounts. Great strategy!
From my perspective, you have two options:
1. Find the deals yourselves via MLS, or marketing to distressed owners and getting them to call you/get a hold of them to make a deal happen.
2. Network and find your wholesalers who have deals for this. Obviously the small multi family deals are harder to find now a days but definitely not impossible.
I did a combination of both to get started but there’s nothing like discussing real estate over a beer in old town to make your connections.