All Forum Posts by: Fiz Sam

Hi there!! Thanks so much for raising this subject, this sort of conversation is why BP is the greatest community.

For context, I am an out of state investor looking for a 2-4 unit investment property.

Here's some of the challenges I'm facing:
1. Most properties are priced well-above breakeven cashflow

2. Low inventory environment so not a lot to choose from

3. Hard to determine what neighborhood is the best for long term appreciation

4. Seems so many properties are designed for short term rentals when i'm looking for low tenant turnover investment

Hey everyone,

I'm venturing into the realm of purchasing turnkey investment properties and could use some seasoned advice. As we all know, not all that glitters is gold. Specifically, I'm eyeing properties in the $600K-$850K range, and I'm a bit wary about flippers who cut corners. 

My main concern is getting stuck with unforeseen maintenance or repair costs post-purchase. It's one thing to invest in a property, but quite another to pour more money into it unexpectedly. So, here's where I need your expertise:

1. Common Corner-Cutting Tactics: What are some usual ways flippers might skimp on quality or essential repairs to make a property appear turnkey when it's not?
2. Red Flags: During viewings or inspections, what are some tell-tale signs that a property might have underlying issues?
3. Inspection Tips: Any specific areas or aspects I should ensure the inspector focuses on, considering the price range of these properties?
4. Your Experiences: If you've had any experiences (good or bad) with turnkey properties in this price bracket, I'd be grateful to hear them.

Thanks in advance for your wisdom and time!

Fiz Sam

Hi everyone,

I'm delving into the world of interior rehab and am curious about the current trends in the Phoenix area. Eager to gather your collective wisdom!

I'm particularly interested in understanding what's trending in markets like Phoenix Scottsdale, Chandler, Mesa, Tempe, and beyond. 

Here's what I'm looking to get your insight on:

• Current Design Trends: Which interior styles are capturing hearts and wallets these days? From paint choices to spatial layouts, I’m all ears.
• Must-have Features: What are those irresistible features or amenities that everyone seems to be clamoring for?
• Materials and Finishes: In the realm of countertops, flooring, and the like, what’s reigning supreme in both appeal and durability?
• Budgeting Wisdom: Any pearls of wisdom on balancing a striking renovation with practical budgeting?

I'm looking forward to hearing your experiences, insights, and perhaps even some tales of triumph and tribulation.

Sincerely,

Fiz

Hello BiggerPockets Community,

I'm currently exploring opportunities in the real estate market and am keen to understand more about properties with high Homeowners Association (HOA) fees/expenses, accounting for a significant portion of expenses. This is a property that doesn't cashflow because HOA expense is 12-15% of the property's monthly income. Given the fluctuating nature of today's market, I'm particularly interested in hearing from those who have recently navigated this terrain.

• Specific Experiences: Have you recently purchased a property with high HOA fees? What was your experience like, and how have these costs impacted your investment strategy and overall returns?
• Market Dynamics: With the current economic environment, how do you see high HOA fees affecting the long-term value and rental potential of a property?
• Risk Management: What strategies or considerations have you found effective in mitigating the risks associated with high HOA fees?
• Advice for New Investors: For someone looking into properties with significant HOA costs, what advice would you offer based on your experiences?

I appreciate any insights, anecdotes, or advice you can share. Your experiences could be incredibly valuable for myself and others in the community considering similar investments,

- Fiz