All Forum Posts by: Ezgi Janicek

How is the STR business currently in Mesa, Arizona for those of you who own there? I'm also looking for the most knowledgable and experienced realtor in Mesa, Arizona with STRs. Anyone have a referral? Thanks.

Hi Brian,

I am a Realtor. I own an STR and run myself in AZ. I would like to connect and chat with you.

0 Votes

I have been working with Shawn from Neutron Tax. Sent the contact via messaging. Good luck!

1 Vote

Phoenix, Arizona

Quote from @Michael Mastantuono:

Hello, a lot of information about running numbers on Multi family properties but when you find a listing that is obviously already represented by a broker. Should I find a local broker to represent me or deal directly with agent who has the listing?

Hey Michael, Obviously with your background in RE valuations and appraisals, you have some knowledge with the process. As it was stated above, the listing agent has a fiduciary to the seller and dual representation is not that easy. I would recommend to hire an agent specialized in MF. And the buyer's agent commission is paid by the seller. (almost always)

0 Votes

Phoenix, Arizona

Mention about your marketing plans. (taking professional pictures, drone pictures, open house etc..) Does your broker provide marketing services?

1 Vote

Long Island, New York

Hi Chad,

I am an agent in Phoenix area. I would recommend you to find one without HOA as a start. STRs are very tricky especially in Scottsdale.

1 Vote

Phoenix, Arizona

Quote from @Zachary Buschmann:

I have a 1031 exchange going and feeling the pressure to find the replacement property. Any suggestions appreciated

What is your budget? I can help if you are in interested in AZ market deals.

0 Votes

Quote from @Vishnusai Yoganand:

Thank you all for your replies and suggestions!

I did further bit of research and thinking.

My plan for this year : One multifamily property + One syndication

Multifamily property
My first priority:
Niche: Buy a Duplex/Triplex by my own

Strategy: Buy and Hold

Goal: Want to see good balance between Cash flow and appreciation. Cap-rate > ~4.5%

Market: I think this is the trickier part. Seattle market seems inflated now. This makes me consider out-of-state investing
The places that I am considering (but need to take a deep-dive):

1. Austin,TX

2. Orlando, FL

3. Tampa. FL

4. Other places: Houston, Spartan, other mid-west states (like Michigan, Wisconsin, etc)

The parameters that I need info regarding these states:
1. Which phase of recession cycle are these states in? (recovery, supply < demand, hyper-supply, recession)

2. The net-migration rate

3. Net-absorption rate

4. Percentage change in 6-figure jobs over the last few years

5. Safe areas to invest

6. Occupancy rate

My Second priority:

Same as 1, but invest with a partner if I cannot find a property that fits into my budget
Property Niche: Fourplex or more

Strategy: Buy and hold

Syndication

Market: No preference yet. Open to in-state as well as out-of-state.
Niche: Large apartment complexes

Other resources that I need help with: Where to find leads? I do not know the different types of MLS yet.

If you consider AZ, I can send MF deals as they come.

1 Vote

Seattle, Washington

In addition to above posts, it is challenging to find a good agent and build a relationship. If you trust your current one, you may ask him/her to find a referral that specialized in the markets you are interested in.

1 Vote

New York City, New York

First time home buyers

2 Votes

Baltimore, Maryland

All Forum Posts by: Ezgi Janicek

Ezgi Janicek has started 0 posts and replied 9 times.

Post: STRs in Mesa, Arizona

Post: Seeking CPA for tax planning services - Phoenix

Post: Do I need an agent to represent me?

Post: listing app does and donts

Post: Rookie Buying a STR in the Phoenix Area

Post: Realtor suggestions? I’m in Dallas Texas but looking nationwide

Post: Choosing real estate niche

Post: Long Distance Real Estate

Post: What's Best Way To Get Leads as A New Agent