All Forum Posts by: Mike Delprete

Luke,

It's early but welcome to AZ. 

I think you have a great plan. As long as you don't mind roommates. In regards to becoming an agent, it's a job but it's mainly a commission-based gig. Just keep that in mind if you're looking for a steady check at first. However, house hacking while building your clientele will be beneficial allowing you to keep expenses low. 

Is the Phoenix market too saturated due to the huge influx of people moving there? It is competitive and supply is low but you can still find a deal. 

Am I going to be paying a premium because of it? The market is on the high however no one knows if and when things will turn.  Home values are predicted to increase by 16% in 2022. We have jobs and population growth which creates a demand for housing. 

What would the benefit of putting any money down be if the VA loan allows me to put 0 down? Not much benefit the money down would decrease the principal balance which would then lower your monthly payment. Don't quote me on this but I think for every 8k-10k down it lowers your payment by $100. 

Thoughts on house hacking / living with friends? Why not you can buy the house with pretty $0 then rent out the rooms and have your mortgage paid for you. Sound like a win to me. Save your money and start looking for your second deal. 

The last thing link up with the investors over at the Arizona Real Estate Investors Association (Azreia.org). It's a great place to get educated and meet other active investors. 

Hey, Alex defiantly some growth in CG however I haven't personally invested there yet. I just bought a rental in Coolidge a few months ago which is about 15 mins from CG. You may want to check out Eloy as well. You should connect with everyone at the Arizona real estate investors association. There's a meeting this upcoming Tuesday in Tucson at the Association of Realtors. Maybe you can make it. I'll be there. 

I use Charlotte Burr at AZ insurance team. 

Welcome to AZ Max. The Arizona Real Estate Investors Association has tons of events and classes. Check them out. 

A lot can change over the next year definitely keep researching and saving. Check out Azreia- Arizona real estate investors association. They’re known for their in-depth market updates and networking. Get in the mix with the local investors and they’ll help you out. 

Check out Zona Law 

@Scott Kane it’s open to everyone but it’s $20 to enter for non members. If you decide to join night of they’ll apply the $20 to your membership. 

@Ashley Chris They don't record or live stream the monthly event. I think members get access to the slide show and market update afterward. 

If you're heading to the AZREIA monthly meeting let's make sure to connect. Robyn Thompson will be discussing Flips and vacation rentals, Zona law will have an update on evictions and Alan will be doing the Market update. 

@Steve Furst look forward to it see you soon.