All Forum Posts by: Fredrick C. Oesterle

One year in to Phoenix Investing and this property is stable and cash flowing a bit. I am now looking to add #2 to the portfolio and excited to put to work the lessons learned and use this great venue for help.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $325,000
Cash invested: $125,000

3/2 1250 Sq/ft, renting section 8. Cash flow is light but these are challenging times. Hoping to Refi when/if rates drop. Rent increases planned.

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

1st deal in AZ. needed to get my feet wet in this market.

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

Great Real Estate agent find for estate sale.

How did you finance this deal?

30 yr fixed with personal finance for down.

How did you add value to the deal?

30 year roof negotiated with sale. New flooring and Paint. More upgrades planned as time and $ permit for forced appreciation.

What was the outcome?

So far, so good.

Lessons learned? Challenges?

I might have been able to negotiate a better sale price with info i now know.

I like that idea. So accepting and approving multiple applicants is the norm? Then assign points and notify the applicants of their standing?

Single family house renting in Goodyear AZ. I have multiple applicants that have applied. 2 look promising but both want to wait a month to  move in. Can I, or should I, approve both applications and then see who signs the lease first?

Thank you!

Thank you! This aligns with my thoughts too. Keep terms, but on my paper.

If I buy a property with tenant in place, do I need to inherit the existing lease terms?

Good day Bigger Pockets investors. I look forward to collaborations and discussions around real estate investing. I'm new to investing but have had great experiences with multiple home purchases and sales for primary residences. CA/TX real estate has been good to us.