My name is Ken Hominsky and I am a newbie in real estate. I am looking to buy a duplex or four plex in the Phoenix, AZ area. I would like to even live in a unit for a year or two as well. I work as a concrete truck driver and I would like to buy a place and hang on to it for a while.
I am hoping to connect with anyone who may be able to give me any advice on financing a property like this and others who may be more experienced in this area than myself. I'm reading a lot and learning a bunch from bigger pockets and just want to say this is very exciting and with a little help we can all do well in this real estate world.
Hope you all have a great day and look forward to connecting with you.
Hi @Ken Hominsky Congratulations on your first post! And congrats on getting started building your real estate portfolio.
I just posted this information for another BP member and thought I would share it here. Monday night is the next monthly meeting of AZREIA. It's a big draw for investors of all experience levels. It's a great place to see what other investors are doing and to learn about our market now and where it might be headed.
You can meet people in all facets of individual investing. Here's what I posted regarding Monday night's agenda. I hope it's useful!
Market Update & Market News with Alan Langston
The latest in trend analysis for the US, Arizona and Greater Phoenix including existing homes, new homes, foreclosures and traditional sales. Full analysis of Fix & Flip and Rental markets. Plus, the latest Market News affecting your business.
MAIN MEETING: Prescriptions & Predictions: Expert Panel Discussion on the 2020 Greater Arizona Investor Property investor veterans see the internal conditions in the industry as solid. Real estate will continue to perform. We don’t see oversupply or over leveraging. Building and development is still happening on a large scale but what does all of this mean this late into the cycle for the smaller real estate investor?
Cycles are the most prominent feature of the real estate industry, we discuss late cycle behavior and current trends, which typically persist longer than cycles
If the market is static and the pace of change is gradual, we may hardly feel the change, but they are happening even if subtly
Today, we are seeing changes of state in the housing market, which may see homeownership in the 2020’s drop to levels not seen since the 30’s and 40’s
Join AZREIA as we gather the brightest and most successful Arizona investors for a panel of “Prescriptions & Predictions” on navigating this amazing time in real estate.
I think the first meeting is free to attend. After that they require you to become a member. There is a mini trade show in the lobby that lets you meet service providers.
AZREIA also has subgroups, fix and flip and buy and hold, that hold separate meetings for smaller crowds so you could definitely meet people. Investors in those meetings share contractor recommendations, etc.
Come on down, Ken, to continue learning and make connections.
Disclosure: I have no role with AZREIA. I am a member, like any other. I just think for newbies (and pros) trying to get their arms around this investing thing, finding a place to gather, ask questions and meet others is a great opportunity.
Hello. My name is Dustin and I have done exactly what your plan is. I am a bartender and real estate agent. But I personally bought a duplex and live in it. This property will cash flow very heavy when I leave. I am in the market for my next place as well. I won’t waste your time or my own. So I believe I can help you along the way. . Dustin Newcomb let me know the best way to contact you.