All Forum Posts by: Cade Olof

Hey @Caleb Croteau!

Thanks for posting such a great question. I can only speak from the small experience that I have so far but I feel that it's an answer that gets overlooked. And that is, NETWORKING! 

It's the way I found my first off market deal. And I feel as though it's one of the most effective ways to find and obtain real deals because of the saturation we're currently experiencing as a Real Estate community. Getting out there, going to meetups, and simply asking people, "What are you looking for?" will get you very far. Spending thousands of dollars to obtain leads may work for you and your business model, however for me, at this point in time in my investing career, I feel better off spending my time and money meeting more people who can supply me with the right opportunities. Hope this helps :)

Yes, vacancy, capex, and repairs should all be considered when calculating your cash flow as these are operating expenses and it will affect your NOI. I personally put aside 10% of gross rent towards vacancy, 10% towards repairs, and 5% towards capex. Hope this helps :)

Hello @Adam Berlinberg I would have to agree with @Scott E. in the fact that you're best off consulting with your friend and Realtor contacts who live in Tucson. I can say living here myself that there are only certain pockets of town that I primarily look at to invest for the reason that Scott pointed out. Tucson is an interesting city in the fact that you could be in a B class neighborhood, go to the next street over and now you're in a C- neighborhood. With all that said, it's important to have boots on the ground and trust your sphere to guide you accordingly. Hope that helps :)

@Jesus Ramos

Dude! That's awesome you're looking into investing your money into Real Estate! There's no better way!

I just turned 21 and bought my first triplex last year using the FHA program that was mentioned above. This is a great way to get started because I only had to put down 3.5% which came out to about 18k. This allowed me to move out on my own and live for not only free, but I'm also making money each month as well as appreciating in value the longer I hold. What's even cooler is that my property is just 2 miles from the University and Downtown Tucson.

I think I could bring you a ton of value! Send me a PM so we can connect further! I look forward to hearing from you :)

Hello @Emily And Eric Erickson!!! Thanks so much for this. This is great info and I greatly appreciate your value you provide. I've found that there are a lot of out of state investors who like Tucson and this provides a quick explanation for the area. Thanks again :)

I gotta guy that may be able to help... send me a PM and I can get you the contact info

Hey @Jacob Flores I have several lenders I can get you in touch with. I bought a triplex here in Tucson that I currently house hack and have had the privilege of getting to know many great lenders. Send me a PM and I can get you all their contact info :)

Hey JD! I am a local Tucson agent and investor... What are you looking for? Small multi or SFH?

Hello @Priya Shekhar, I have no experience investing in commercial near the AF base however I have just recently met with some commercial lenders in the area. Feel free to send me a PM so I can send you their contact info :)

Hey @Eric Bilderback! So in regards to STRs here in Tucson, you have a couple of options. 

1. You can optimize furnished finder, which is a short-term rental service specifically for traveling medical staff. This is a great option if you have units close to any one of the hospitals. We have about 10 that I can think of. Some of my buddies who do this say they are making about 1.5 times (conservatively) what they'd normally get renting it out to a long-term tenant.

2. You can optimize Airbnb. Personally, I know of a couple of guys who do this service in town and they have had no issues with vacancies. However, personally, I'm more conservative and like the idea of housing traveling medical staff as you can set a min 30 day stay where they sign a lease and have options to stay longer if they want. Seems like a lot less turnover. 

Feel free to send me a PM if you'd like some more detailed info :)