All Forum Posts by: Aaron K.

Yeah, doesn't really matter how you get the license, it shouldn't take very long either it isn't like a degree it should take maybe a couple of weeks.

@Turgut Oz apologies, I misread your initial post as you couldn't buy anything for reasons other than the state of the market. I still think that you'll need to invest the time yourself to learn and have the realtor be a secondary factor who just helps with the logistics and paperwork, if you decide to go the MLS route.

@Turgut Oz as others have said DFW is not known for being an extreme cash flow market at this point in time, very few places outside of the midwest are, and the places that cash flow well on paper are not always the places you want to own property so if you want to go this route I strongly recommend taking the time to learn about the place you want to invest, unfortunately nobody else is going to do it for you, even if their marketing says they will.  The reason, it is hard and can be time consuming if your expectations are high especially for a realtor who doesn't get paid until you close a deal, which as you've stated you aren't in a position to do right now anyway.

$60k-$70k if you don't actually go to the studs.  $15k for the kitchen, $10k for the bathroom, $10k for HVAC, $4k for flooring, windows I highly suggest skipping as they don't add much value and are very expensive, paint another $4k, $10k in miscellaneous and a healthy overrun budget.  This is assuming you don't go crazy on finishes.

The strange thing about the Phoenix metro is the East Valley is starting to run into barriers and having to expand southward but unlike many cities that have this problem like LA or San Francisco it isn't the oceans or mountains that block development but the native american reservations.  That being said the city still has room to grow outward and it is not yet clear which cities are likely to become the secondary job centers.

@Sebastian James simple is great, less points of failure, a long term rental of either a single family home or 1-4 units in a good area is probably your best bet.

@Sean Larson my guess would be no but that is just a guess it looks like a pretty standard realtor operating in an odd combo of markets in a quick glance some of their suggested properties are pretty far outside the main cities.

@Kenneth Mims you would be looking for a blanket loan, however if you don't need the additional mortgage slots it may be better to refinance them each individually, but it will depend on many factors including the lender.

You'll have to learn the market, this is not a fixed rate, it changes depending on quality and location within a market area, this data is not well compiled anywhere that I know of, if it is it is very valuable info that people probably wouldn't give away for free.

In most places if you house hack you'll get reduced or in some cases free living expenses.  It is quite rare to be able to occupy one of the units and still cash flow especially in a growing metro area.  The other thing that can be a problem with SA specifically is that many of the multifamily units are not necessarily in areas that you would be comfortable living.