All Forum Posts by: Johnathan Alesso

I am looking to invest in the Tucson, AZ market and would love to connect with other Arizona investors.  Do you have any feedback and/or advice on the Tucson market?  The properties appear quite affordable.

I am interested in purchasing a multi-unit for cash flow potential.  Based on my preliminary research, the numbers work well. 

Any Tucson investors, hit me up!

Johnathan

Welcome to the club!  Check out Tucson for cheaper rentals.

Hi there- how do you go about finding good deals in SD county?  I am moving there in May and hoping for insight from an investor's standpoint.

Russell - you make excellent points and offer a fresh persective.  It's very true that salaries are far higher in DC than in most less expensive cities.  That alone has allowed for easier financing.  Also, DC appreciation is far greater than less expensive markets.  Excellent points.

I guess I will focus on the long run.  We will plan to resettle in a less expensive city once we achieve "financial freedom" and can live off of cash flow income.  At that point, it seems a less expensive city would be more advantageous. 

Brit - I think that's the best course.  We'll rent for now and buy when we find the right deal in the right area.  Do you currently house hack?

PA does high property taxes, but I have found that there are plenty of good deals to be had.  It is absurd that a $21,000 house is taxed $2,500/year.  That said, the tax rates vary by municipality and differ dramatically. 

That sounds like a good strategy. I would recommend finding a duplex or a large single family so that you can rent out one side or a bedroom. This way, you can reduce your monthly payments. You can use an FHA loan through any bank or traditional lender.

My fiancé and I are moving from one expensive city to another, albeit much sunnier, city in California.  The housing is expensive in both places, rendering house hacking or fix and flipping almost impossible.  I invest entirely out of state, which has been profitable, but want to incorporate our personal residence into our longer term financial plans.  We want to be financially free within a few years, but expensive housing for our personal residence is a limiting factor. 

Is it generally best to buy in an expensive market to benefit from tax deductions and principal pay-off, or to rent and maintain mobility and avoid a large mortgage balance?  We eventually plan to "retire" in a cheaper city where we can house hack.  For now, though, we will be living in an expensive CA market.

I appreciate your thoughts!

Hi there - you'll want to ask for the total taxes and how the utilities are separated.  I advise against splitting a utility bill after the fact; it's best if all three tenants have their own accounts.

Also, look to how long the property has been on the market.  If long, you have more price leverage.

Hi Luis,

Nice to see you on the site!  I don't invest in ABQ, but I do know that opportunities exist.  What are your investment ideas/strategies?