All Forum Posts by: Andrea Tomlin

@Mark Andrews, thank you so much for your input! Avoiding HOAs is differently on my list. So Buying a larger single family home in Tempe might be the route I take to get started! 

@Matthew Mellinger I didn't even know there was a program like that in Arizona! I would love to grab coffee and get some insight about different opportunities! I'll send you a message so we can talk further! Thank you!

Hi @Pamela Sandberg! Thank you for your input as well! I didn't consider a casita/in law suite styled home. And renting out rooms is definitely an avenue that seems very plausible! I would love to speak with you further about different options that I can pursue so I can map out my investment strategy!! 

Wow! Thank you so much @Ryan Swan! I've been looking into FHA loans, so I'm happy I'm on the right track! And thank you for expanding on the additional fees/closing costs. Knowing rough estimates for that helps me immensely when I'm creating my financial plan. I think I'll save up for another year or two and then make my first purchase after having a larger down payment. I will keep trying to network and reviewing the market so I get more familiar with the Phoenix area. I've lived in Tempe, Mesa and Scottsdale, so specific neighborhoods in those areas pretty well, but researching the central Phoenix area will be a new item to my list.

Thank you so much!!

Hi Everyone!

I'm new to Bigger Pockets, so I'm very excited to join the community! I want to get started in real estate investing by buying a duplex as my first place of residence. However, I've noticed that multifamily market in Tempe is quite expensive, and scarce at that. Originally, I wanted to stay in the Tempe area, but now I'm thinking about researching the Mesa and Chandler areas to find properties that are less expensive. I'm still pretty young and have around 5K saved up so far.  

For those with experience, how did you find your deal on your first multi family? Did you find it through researching online, a real estate agent, or by knowing a fellow investor?