All Forum Posts by: Emily Erickson

Young families typically. We have several homes in this area. Sometimes it’s a single parent and teen. Just depends. 

@Sam Ohanesian I got a credit for the roof repair, so I’ll get that done. I won’t do any rehab. Rent will go for $1950

My husband and I partner with the "too busy" professionals and buy SFR here in Tucson. We have helped dentists, Air Force Officers, & Insurance salesman ect…Tucson is a great please to invest in rentals you just need the right partners that know what they are doing. My husband was a Chemical Enginerd 🤭 & has a MBA. So I know a about Analysis paralysis and we know how to over come that as well. DM if you have questions. Happy to help!

-Emily Erickson

@Belliny Flores - excited to have you here! When deciding to flip make sure you know the rules, because when you go to sell the buyer will ask about licensed contractors used (if they did more than $1000 of work it has to be done by a Lic Contractor) Permits ect….I do buy and hold with 20% down conv loans and then do long term rentals. ROI is great! My husband Eric and I are realtors in Tucson and Investors. We have 14 doors so far and will double that this next year. DM if you have questions - Emily Erickson

@Andrew De Michaelis - You May want to check out Tucson as well. Great ROI and less expensive SFR. I'll cash flow $800 a month on a $244,000 home that I put 48K down on.I'm a realtor/investor. DM if you'd like to chat.
-Emily Erickson

@Peter Cudmore I’m an agent and investor in Tucson. Let me know if I can help! I just closed a great 3/2 for a rental this week. -Emily Erickson

Investment Info:

Single-family residence buy & hold investment in Tucson.

Purchase price: $244,000
Cash invested: $48,000

Amazing little house that is located in the central area of town. Easy for commuters to the UofA, downtown or North. This will be our 14th SFR door.

What made you interested in investing in this type of deal?

Perfect “ugly” house that will make an easy long term rental. Was on the market more than 60 days.

How did you find this deal and how did you negotiate it?

I had shown it to a client and they didn’t want to update it. So I kept coming back to it and decided it would be great to add to our portfolio.

How did you finance this deal?

Conventional Loan

How did you add value to the deal?

Negotiated lower price and the negotiated $3,000 in repairs

What was the outcome?

I sign the closing papers tomorrow!

Lessons learned? Challenges?

Some appraisers are sticklers and we had to take bars off the windows to fund. (Hadn’t been asked to do that before)

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I’m the agent and I love putting together deals to make it a win-win