All Forum Posts by: Brian Volland

First off, thank you to this forum. Through advice given to others and lessons learned, y'all have helped me build a fairly solid list of rules/regulations for my future 4-plex. The issue today is I'm worried about scaring off tenants with the shear length of my compiled rules for tenants. At the moment I'm at 5 pages and it hasn't even been through a lawyer yet to translate it all correctly.

The question is, how many rules is too much? If you're willing to share, how many rules are on your lease?

Welcome. Let me be the first of many to recommend you join AZREIA. I have not joined yet but many of the members around here swear by it. The Valley is crawling with other groups, many of whom are guru pitches, but they tend to be smaller and/or lacking more than a couple experienced folks or worse; they're full of folks who are "interested" but never follow through with actually investing. From what I've seen, you're in a good location to capitalize on the growth out there. Use your local knowledge to your advantage and throw yourself at as many helpful books and meetings as you can.

BP has been immensely helpful for me, I hope it will be for you as well.

Would you mind elaborating on what led you to dislike the BRRR strategy?

For anyone tracking this thread, the group is pushing the Renatus Education System. If that's your thing, now you know. They had some experienced folks there to talk and explain what they did for a near-complete flip we were touring and did some good Q&A and allowed for one on one talks for networking. About half the folks there were already members and ended up sharing their backstories. Just to be clear, they weren't pushy or anything, just not terrifically open about being anything other than a friendly group of investors.

@Bevla Reeves, I am looking for local folks experienced in small MFR investment and management in the West of Phoenix areas to tell me if I'm being dumb or unreasonable in my goals and plan to reach them. Folks to bounce ideas off of each other and fill in each other's knowledge gaps and to help push each other to greatness. Ideally I'm looking for folks to meet up with more often than once a month casually.

A mentor would be great but a friendly focus group would be even better IMHO.

@Gregory Beaty, I haven't seen any link info stating they are part of the Matrix Program so I'm not sure on that one,

@Bevla Reeves, I'm sure they will but finding experienced folks around here has proved more challenging than I thought. So maybe I'll get lucky and I'll get at least something out of this for my time; maybe I won't.

I am familiar with AZREIA and I will be joining later this month but, in the interest of networking, I'm trying to find other legitimate groups in my area as well. From what I've seen so far, most investors are picking up properties in and around Scottsdale or Phoenix proper (for obvious reasons). I'm looking to connect more with investors in the Glendale, Peoria, Surprise areas. 

The workshop I'm going to is free to attend so I'm really just hoping that if they pull guru pitch that it'll be minimal and I can focus on creating connections and knowledge swapping.

I found a MeetUp group hosted by the Arizona Real Estate Investors Group and I'm headed out to one of their workshop/property walkthroughs this weekend. I'm just looking to see if anyone has had any dealings with them before or know what I can expect. I'm looking to meet other small MFR investors in the West Phoenix area but I'd rather not be subjected to someone's "Just buy my guru books and you'll be rich" song and dance.

Thoughts?

Add a notification counter to the app icon which shows how many keyword alerts, messages, etc you have. similar to Facebook, Pinterest, and email icons.

I've seen something like this a few times around Pensacola. A listing would show either a a SFR or a duplex even though they were town home style and attached in a row of 4 under 1 roof. They usually ended up going one of two ways. Either it was a building only sale or the property lines were drawn to show the divide bisecting shared walls. It also meant an HOA 99% of the time to cover shared costs.