All Forum Posts by: Michael Bennett

@Mark Shaver this should work too, https://us02web.zoom.us/webinar/register/WN_i1viR7A-RLiitXnZ28O32g

@Mark Shaver Hi Mark, let me know if this works for you - http://meetu.ps/e/Jdsdb/DntKV/d

@Andrew Threet Learn everything you can about house hacking. BP has endless info on the strategy. You can comfortably buy a $450k property right now and still have money left over. Always keep some cash on the sidelines. Don't wait forever. Learn by doing. A couple hundred bucks in cash flow every month won't change your life. Owning a bunch of property will.

Hi Ed, funny that you're from Colorado. I just moved from Denver to Phoenix to run our branch out here. We're an investment brokerage but also run a mid-sized property management division. We manage roughly 3500 units in Colorado and Arizona. We charge 8% on the collected income of the property. Doesn't matter if its SFR or Multi. If you have a vacancy or a non-paying tenant - we do not get paid. For lease-up we charge 50% of one month's rent or $500 to lease up a $1000 unit. On average our residents stay 34 months so owners end up paying the lease up fee once every 3 years or so. When interviewing property management companies also ask them about maintenance surcharges or vendor management fees. We do not upcharge maintenance or repairs. If the invoice from the plumber is $150 to us it's $150 to you. If you need to comp rents in a neighborhood or area feel free to reach out. I have our actual rental rates for hundreds of units around the metro area. For vacancy estimates when modeling deals for clients we use 5%. Our actual vacancy this year is about 2.5%. In non-COVID years less than 2%.

YES, you can save for life events, such as college and retirement by investing in real estate. And no, you don't need to purchase an expensive class to learn how it's done.

Join us this Tuesday at 11 am (MST) for a short workshop followed by a Q&A session. Ask us anything!

This session will be led by the always insightful, never boring, occasionally bearded, Mike Hills from Atlas Real Estate. Mike has built an impressive $9M real estate portfolio comprised of a diverse mix of single family homes, small apartment buildings, and even a trailer park. He is an avid investor, continuing to find value and transact during the COVID economy. Save time and money by avoiding rookie mistakes and learn from Mike's strategy and personal journey.

At Atlas we're all about sharing what we know. We're passionate about real estate because we have personally seen the impact it can make on someone's life and our own.

Join us for this free event - No gimmicks, no gurus, and no sales pitch! Just owners helping owners.

Hi Slade, we run a series of meetups every week ( well webinars these days ;] ) that you can access through our meetup page - https://www.meetup.com/Phoenix-real-estate-investment-hour/ - and I personally host our house hacking meetup every last Tuesday of every month.

Hey Clayton, what's up man? I know the feeling. You gotta go back to your "why". Why do you want to invest in real estate? What is your short term and long term goal? Once you know why you're doing this you can start to figure out why you are overthinking it. Without knowing specifics of your situation and the properties you are analyzing it's tough to give a specific answer. But I definitely know how you feel and wouldn't mind talking through it with you.

Hi Gabriel, I'm an agent in Colorado as well as Arizona. Because of the lack of good cash flowing deals in Colorado we opened a brokerage and property management firm in Phoenix which I manage. We cater to out of state investors and have clients all over the country purchasing properties in our markets. We find and analyze deals for you, as well as provide property management services and vendor/project management. This makes it really easy for out of state investors to invest in Colorado and Phoenix. We'll be opening new markets as additional opportunities present themselves. It will be tough (not impossible) to build a solid team consisting of an experienced investor-agent, property manager, and various vendor contacts for renovation and repairs. Just read David Greene's book Long Distance Real Estate Investing :) Message me if you'd like to speak further. Thanks -Mike

Hi Tony, just listened to your BP podcast. Amazing story. How were you getting MLS access?

Thanks

Mike