All Forum Posts by: Josh Young

@Ying Tang

There are lots of good deals here in Arizona, it’s just not as easy as it used to be so you need to have a little more capital since interest rates are higher than they were. Our fundamentals are very good though, population growth, job growth, lots of development, and very low property taxes. My top books are:

Rich Dad Poor Dad

The Millionaire Real Estate Investor 

The Richest Man in Babylon

@Anthony Barragan

I live in Gilbert and own five rentals here, I also manage rentals for other investors and represent buyers and sellers as an agent. I have some time this week if you want to connect, I'd be happy to talk with you and give you some advice/guidance. The first thing in your situation that comes to mind is why don't you keep your current home as a rental and buy another primary residence using a low down payment loan. I know everyone's situation is different and we can talk more about it, but I've done this several times and it really can be a great strategy. Call or text me anytime and we can meet for coffee.

Calling all aspiring real estate investors! Join us at the Gilbert Real Estate Investors Meetup Group for an informative session on the fundamentals of real estate investing. Whether you are new to the game or looking to expand your knowledge, this event is perfect for those eager to dive into the world of real estate. Learn about different investment strategies, market trends, and tips for success from experienced professionals in the industry. Network with fellow investors, ask questions, and gain valuable insights to kickstart your journey towards financial freedom through real estate. Don't miss this opportunity to take the first step towards becoming a successful real estate investor!

@Ashley Chris

Having an LLC won't necessarily help you with problem tenants. The best thing to do is have proper screening processes in place to help reduce the potential for problem tenants. I would think that self managing from out of state would make it very difficult to meet potential applicants and to do showings, it could also make it more expensive to handle maintenance requests if you don't have boots on the ground. Have you only tried big management companies or have you considered using a small property manager that is also an investor?

@Simon Delony 

My wife is my partner on all of our deals, that doesn't mean that she is involved in much or any of the day to day, and she only listens to the podcast if I have it on in the car, but I do run everything by her and explaining deals to her and asking if she is good with it makes me understand the deals even better. 

Since your wife will probably never want to learn as much as you do about real estate investing I would use it as an opportunity to really make sure you understand it by explaining it to her, if you can teach it to her you will gain a much deeper understanding for yourself.

My question is though, if you want to be a real estate investor, why did you sell your only real estate investment to become a renter? You don't build a portfolio by selling. I would recommend that you start with buying a primary residence using a low down payment loan, like a 5% down conventional loan, live in it for a year or two and then keep it as a rental when you go and buy your next primary residence using another 5% down conventional loan. Keep buying properties and borrow money against them, don't sell them.

@Rene Sherwin 

I just sent you a DM, I own 5 SF rentals in Gilbert and also work as an agent and property manager, I’d be happy to help you. Feel free to reach out to me anytime.

@Bryce Miller

Welcome, and congratulations on making the decision to leverage the owner occupied loan to get started in real estate investing. I have built a portfolio using owner occupied loans and I also help other investors do the same. The first step is talking to a lender and getting pre-qualified. Then generally the best advice is to buy in the best area that you can afford, even if the cash flow isn’t as good in year one you will get more market appreciation in equity and rent growth in the better area. From there once a deal makes sense, pull the trigger, a lot of folks get stuck in analysis paralysis and I’m not saying don’t do your due diligence or be smart about it, but acting quickly and with intention will benefit you greatly in the long run. I’d love to help, feel free to reach out if you want more advice/guidance.

@Shiloh Lundahl

Your posts are always entertaining, the banter cracks me up. A while back you ripped on my style of slow and steady long term investing in buy and hold real estate with low down payment conventional loans because it's not as fast as your style and the potential of cash on cash returns isn't as high. Your model of fix and flip with lease options does have big upside potential, but also has more risk for most people starting out, and you have done great at scaling your business, so no doubt having you in the deal does mitigate a lot of that risk. My question though is why do you want to bring on equity partners? I understand needing more capital to scale, but why not bring on debt partners and keep more upside for yourself? 

@Adam Sherwood

I think you started with the price a little high, there has been a lot of new supply of multifamily housing added in the Tempe area, so that has pushed prices down a little and made it more competitive, so you have to have a great listing to attract a quality tenant. Your pictures and write-up are okay, but could definitely be better; the pictures should be light and bright and have better angles to show off the home, especially the kitchen, and having clutter from a previous tenant in some of the pictures is not ideal, as well at the back yard should be picked up and neat for the picture. As far as the write-up you did good with describing local amenities and some lease terms, but I would give more lease terms and take out the part about who you think would be a good tenant, this could be a Fair Housing violation and it's just good practice to focus on the property's features not the ideal tenant unless you are talking about minimum income or credit qualifications. I'm a local rental property investor and a property manager, I live in Gilbert, so I'm pretty close to Tempe. Feel free to reach out to me with any questions or if you want help.

This is a casual meetup to talk about any and all things Real Estate and is open to anyone. I own 6 properties here in Gilbert and love helping others to learn about real estate investing.