All Forum Posts by: Denny Robert

Armando, I am an agent and own a triplex and fourplex in Tempe. If you haven't found a qualified agent yet don't hesitate to reach out. I love Tempe and multi family.

I definitely snagged a deal on my triplex in Tempe, AZ. Purchased in 2012, both rents and appreciation are way up. I've checked tax records for multi families in my area and fourplexes were selling in the upper $100's. A year ago on the same block two of them sold for $400 not refurbished.

Brenda,

I would urge you to educate yourself in the AZ market. You're making some massive generalizations which just aren't true. There are deals to be found here, and in the last 6 years there were some ridiculously great deals, including multifamily. AZREIA is a good place to start, as well as Bigger Pockets.

Also, there are still unique financing opportunities. Not every property will offer them, but they are out there. I bought a fixer upper four plex owner financed with 12% down in Tempe. I also have a single family for sale in Tempe that will sell "subject to" the existing loan.

We all have regrets. I wish I wouldn't have sold my first car, among other things. It would be worth 10x what I sold it for if I kept it. The great thing about today is it's another opportunity.

Best,

Denny

Hey Hagen,

I have a "subject to" listing that my broker has approved selling.

Denny

Casey Goldman welcome to BP. What kind of properties are you looking for?

Matin Muhammad welcome to BP! I'm in Tempe and love the Phoenix metro area. What types of real estate investing are you interested in? How did you find BP?

Originally posted by @Rochelle Gellineau:

@Denny Robert, I was there, too! I didn't stay for Tina's segment, though. Did you find it insightful?

 I always listen to Mike, Tina, and Asel from The Cromford Report. They have the best info on our market.

I went last night for the first time. It was a great meeting, I plan on joining and attending regularly.

@Enrique Ortega, What are you looking to accomplish?

Man sorry to hear about the situation. Hope it's a better overall job/business!

I would get out of that thing so fast, but you're gonna take a hit on the resale. Now granted, it isn't hurting you much to hold it with your current salaries, but why hold it if you don't need it and it's not a great investment? It's going to cost you at least $14,400 a year, assuming no maintenance or repairs are needed. If the market continues an upward trend you'll make a few thousand dollars a year. It will take years to make a return on your down payment. Also, a lot of people are talking about an overall market shift coming in the next couple years. No one is a perfect genie, but you could end up losing the equity you have in it, be in negative equity on a negative cash flowing property and having to pay to sell!

If you have any questions or need any help don't hesitate to reach out!