All Forum Posts by: Matt Greer

Most of the investigations into real estate fraud take multiple years here. You're always better off just following the law and not playing with fire. 

Come join us where we can discuss what we do as real estate investors and find ways to collaborate. I have contractor connections that can help as well as lenders. If you are a wholesaler bring deals and we can check them out.

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I agree. Section 8 can be profitable, but it takes a good property manager and an investor who knows what they're doing or you can lose so much money. 

As a real estate agent I have so many people come to me who bought a course all excited to get rich quick only for reality to hit them like a freight train.

I have lived and worked real estate in both Fayetteville and Phoenix currently in Mesa.

They are both great but the strategy is a little different. In Fayetteville you have relatively inexpensive houses in an area with a high rental population due to Fort Bragg. This means you'll get a good cash flow, but appreciation of the property will be low.

In the phoenix area there is more ownership and less renting, but due to prices increasing faster than inflation we are seeing a rise in renters. We also have a housing shortage. This means the rental rates are average nothing to write home about, but the increase you'll get in appreciation is amazing, but not liquid until you sell. 

I have had investors pull equity from their homes in the phoenix area to buy cash flowing properties in Fayetteville and similar areas, because the price growth in the phoenix area generates amazing returns.

It depends on if you want cashflow now or delayed gratification later.

I would study the different real estate investing techniques that you could comfortably afford to get into and find the one that interests you the most and go for it. There's so many ways to invest in real estate find the one that interests you the most and that's where you'll do the best.

I provided a link to the bill HB 2297. I'm a bit of a nerd and pay close attention to what happens in the Arizona Legislature and there were a few bills in particular that affect housing. HB 2297 in particular can provide a lot of opportunity for multi family real estate investors. The bill requires that cities allow up to 10% of the commercial properties (strip malls for example) to be repurposed as multi family residential. The property has to meet very minimal requirements to be allowed to be rezoned (section C). 

I was wondering if anyone here other than me was even aware of this new legislation and if anyone was working on anything like this. This seems like a great opportunity to take abandoned strip malls or motels and convert them to residential. It's definitely something I'd like to be a part of.   

Investing in land is an old method and it does a good job at holding value. However, if you are looking to grow your money or make income from raw land it is very difficult to do so. I'm in the Mesa/ Gilbert area of the state and have had some of my investors I work with purchase land right outside of town in the pathway of the expected growth of the town. That method made them money, because people wanted the land. Owning random land in the middle of nowhere won't do much for you other than cost you in property taxes. I would do a 1031 exchange into a rental property. 

In my experience hiring a property manager is worth it for exactly this reason. I understand wanting to save money on the monthly fees, but when it comes to maintaining an investment that can very easily be devalued by deferred or poor maintenance it's worth it. 

I would make sure you understand the regulations that are starting to happen to short term rentals in the area first. I was in a meeting 2 weeks ago where the mayors of a couple of the surrounding towns were there as part of a panel and they are really cracking down short term rentals and making sure that people register them. They want to make the regulations tighter in some towns as well so do your research.

I was wondering when they were going to build. I was out there on that land and a game warden approached me to tell me the state sold the land