All Forum Posts by: Amy Thompson

What real estate related company and specific area would be good to work for if you wanted to focus on analytics as a career and at the same time learn a lot about real estate to develop your real estate investments?  Would you pick to work for airbnb, title companies, commercial or residential real estate firms, etc.? 

@Jason Cory and @Dave Foster many thanks. Would like to avoid paying hefty taxes by doing a 1031 if possible. Would a title company be able to take care of it or still need a qualified intermediary? 

@Jason Cory Thanks Jason - would you please expand on how $100k can create $15k in cash flow? I am ok to get some mortgages/debt and was thinking to buy 1-2 SFH. Wouldn't it be a 1031 exchange? what do you mean by tying up your profit in 1031 by selling?

Thanks so much for your responses! 

Yes, HOA has been increasing over the years and eating more of my cash flow. While we have not had big issues yet, it can also be restrictive and you are not your own boss so to say.

I guess what has been holding me from selling is not knowing if higher net returns can be found now. 

@Stone Jin, wow you acan find 10% returns? Would appreciate your advice on exactly how and where in Arizona! 

The property is in Phoenix, AZ

Hello! I need help from smart people on this forum to decide whether my rental property should be sold or kept. It is a condominium with 3 bedrooms/2 baths, 1200 sq ft, built in 1997. It was bought in 2011 at a price of $110k in cash. Monthly rent $1,175 during the last year. HOA $255 monthly (covers water, outside landscaping and roof repairs). Property management fee $75 monthly. Plus rental insurance and home warranty. Current market price is about $220k. Good location. Net return on investment according to my calculations is about 4.2%. Should I sell given the 100% market appreciation or continue renting it out? Thinking to sell as I prefer single family homes with no HOA as rental properties (would do a 1031 exchange). However, might be challenging to find a great deal now. Thank you for your thoughts!