All Forum Posts by: Account Closed

Hi Daniel,

I am new, just a year. I do have a couple of investor clients. My first investment property was pretty simple. I had a roommate who was a good friend who shared my condo. When I moved out, he picked his own roommate and they stayed there for probably a good five years before my friend bought. I've purchased more condos since then. I currently has great tenants; however, I've gone through the eviction process - NOT fun. Make sure you run it as a business. You can't feel sorry for people; otherwise, you'll just be taken advantage of, no matter what story they give you.

Have you looked at starting with a condo or even a duplex and securing FHA financing? I have a couple of good lenders I work with who will be glad to share information and answer any questions you may have.

Jane

Welcome Daniel. Lots of information on here to help you.

Welcome, Victor. You'll find lots of great information here.

Natalie,

www.crimereports.com may help you.

I live off of Gilbert Road in Mesa. 

I think anything N of Main Street on Gilbert is nicer.; however, the City is extending the Light Rail down Main Street to Gilbert Road, so that area is good for renters who need access to public transportation.

Hi Mason,

What do you plan on listing it for? 

Thanks,

Jane

Morning Ulises,

I am an agent and I'd be glad to help. I also have a couple of brokers that I do regular business with and will be glad to share their information with you.

Please feel free to send me a PM. 

Regards,

Jane

Right. Thanks Jim for that reminder. Very important.

Hi Paul, not at all. I financed it. Conventional loan with 20% down.

Welcome and good luck, Paul.

I like condos for the same reason you do. I just picked one up a few months ago that's cash flowing nicely. It was a pre-forclosure, granted, I may have gotten a better deal else where, but I know the complex, the HOA, and they do a nice job of taking care of the place. It needed quite a bit of work, but once it was rent ready, I listed it on the MLS; I am an agent, I had a three or four showings in the first couple of days and had an application come in shortly thereafter that I approved.

Whoa. Beautiful, what an amazing job. Sorry to hear about your loss.