All Forum Posts by: Account Closed

 Hey donald,

Thanks for the response! I’ve been driving around the I-17 in central phoenix the last few days. I’m relatively new to the process but it seems promising and definitely a legitimate way to find deals.

So, I’m a real estate agent in Phoenix trying to find out my own way of generating business. Ive tried cold calling, and open houses but these methods dont really appeal to me. Ive started “driving for dollars”, looking for distressed/abandoned homes in the phoenix area for flippers/investors. My whole point of this post is,

What can I provide YOU guys so I can get some deals going? Specific area codes? ROI?

How can I help buyers here, so we can work together?

Just an update, I ended up not going ahead with the condo purchase. Going over the numbers and looking at it bigger picture I decided to just pay down my debt(my student loans) in the mean time. Thanks to all of you who’ve responded! 

Bob, the HOA factor is mentioned time and time again with condo investing and I completely agree with you. I just contacted a broker who specializes in condos who I'll use in addition to my own research on HOA conditions. My buddy currently lives in a condo and is actually the Treasurer for his association and the insight I've received from him is mind boggling. Have a properly funded condo group is so important and will really put my mind at ease.

 Yeah I'm starting to realize that now but still holding out hope for getting a place under that. Worst case scenario I have to rent for a year but that's life!

 Hey Kellen, thanks for the feedback. Yeah this definitely isnt easy but I have reached out to a broker and lender recently and we're trying to form a game plan. I think the whole process of reaching out to players in real estate, experiencing the process, and getting the first piece of property will make it so much easier going further. 

Hey all, so I just moved to Phoenix two weeks ago. Im currently living rent free with a buddy of mine for about 2-3 months before I have to get a place of my own. I really believe in the podcasts ethos of, "Just get your first deal", so that is what I'm trying to do. I have some money saved up for a 3.5%-5% down payment on a small condo in the 75k-85k range. There are plenty of people who swear by not investing in condos but it just seems like they're just more risky with HOA fee hikes, potential litigations, etc. Point is, what do you guys think of a condo as a first investment if proper due diligence is performed? Thanks!

Hey Cameron, great job on having a solid plan. Based on your salary and yearly 20k cushion you're in a great position for a BRRR strategy. I agree with James that you're probably better off avoiding wrapping the cost of your furniture into the loan.

Hands down my favorite podcast so far! Andrew was extremely thorough with his explanations and really dug into some key analytics. Looking forward to more!