All Forum Posts by: Julie Belton

@Kelsey Warnock I can help you get started. I am a licensed agent based in Phoenix, so i have MLS access and market industry reports I can share with you. Let's connect.

Hi @Michael Cook, @Enrique Ortega and @Dan Holbert - I have a few contractors I work with around the valley.  PM me more details on what you are looking for, and I would be happy to connect you.

Welcome @Chris Maki =)  I am an Realtor based Phoenix (my office is in Scottsdale) and I can help you search for properties around the Valley.  I am a BP Pro member too and can send you some links to my favorite podcasts.  My email is julie@juliebeltonhomes.  Let's connect.

Hi John Anderson - I am looking to start interviewing contractors for personal investments.

Hi Everyone - I just passed my state/national real estate exam yesterday!  Whoop whoop, and now I am ready to start connecting with some contractors and lenders in the area.  I've already started making some calls, but are there some great ones out there you would recommend?  I am partial to the Central/Downtown phoenix area.  

Thank you @Jay Dean =)  I appreciate your response. 

Thanks for all the feedback. So on the topic of cash flow... In my mind, I buy a co do for $70k, renter pays on it for 7 years, loan gets paid off, I now have a property that is all cash flow (minus the obvious HOA and monthly expense). I'm speaking in high level terms. But your saying that is false?

It seems to me that the only way into the real estate investment game is to begin with condos. I've been trying on single family homes, but I keep getting boxed out by cash buyers. My strategy is buy, repair and rent. Pay down the mortgages and have a higher cash flow in 10 years. Any advice on what I should look out for????

I was beat out by a cash buyer anyway. So I guess it was not meant to be. On to the next one!

Thanks @Brent Coombs - I made adjustments as the deal was countered, and its looking more like a negative cash flow now. Still including the rental price of the 3 units as if they were all rented. 2 for $700 and 1 for $1250 a month. I would be living in the $1250 unit and renting out the one bedroom apartments at $700 each. So even though the cash flow is showing as negative, with managing the property myself, and the ARV estimating at $420,000, does this look like a good deal even though the cash flow isn't showing there?

In my mind it does, because i am currently paying $1200 in rent myself, so this would not be a difference in out of pocket for me.