All Forum Posts by: Phillip Gonzales

Hello All I am a current realtor located in PHX, AZ and I am looking to see how I can maybe get connected with a few of you on here and help with some wholesale deals!

Located in North Phoenix by North Mountain. Views of the mountain from the backyard. One of the only homes with a garage and a RV gate. This one is going to go quick. Within minutes from Metro center mall and Castle and Coasters theme park. 

So 3 months ago I made the leap from full time corporate america to full time real estate agent. The transition has been somewhat smooth;  However my heart still screams INVESTOR more then anything. Are there agents out there that have left the FT 9-5 to work in real estate sales and investing that can give me some success tips. I know I cant qualify for a loan for 21 more months but there are some awesome deals out there!!! 

Hello all I have been doing some research as a licensed agent in my own MLS and finding some very nice small apartment buildings for decent prices. I was asking has anyone ever made a small apartment building their first investment?

I am in a bit of a dilemma, I have been pre-approved for a home loan as of a few weeks ago. Now my original plan was to do a live in multi-family 4 plex , but after looking at several properties in my price range it seems that maybe a little harder than anticipated. See I have a 3 month old baby girl and a fiance who isn't too fond of the idea of us living with our tenants. She wants to buy a SFR and live there for a few years. I do not see this as much of a problem since I would eventually turn the SFR into a investment home. The issue I seem to have is burning a low down payment opportunity with FHA and get instant cash flow. I know deep down inside I can still get my investing done, but will have to consider 20% down payments. Can any fellow investor give me insight on their take or how they might have had the same circumstances. Thank you in advance fellow BP's - Phillip

Hey everyone I keep seeing on this site that for most the goal is to leave a FT job and live either of cashflow or pursue investing FT. I just wondered has anyone left a FT job to FT RE sales and used that as your investing tool? I just feel between working FT and doing RE sales my investing is suffering. Please any insight on anyone who may have had this dilemma before. BTW I know I am 26 so I know I got time, but I don't want to burn myself out. Thanks everyone! 

I know I go back and forth with this one. I want to live in a SFR but understand this is a very great opportunity to get a multi and if I can get a 4 plex even better!

@Jon Holdman thank you for your response I have been thinking the exact same for a while. I wanted to live there but now seeing my daughter and seeing the properties Its a hard choice to make sacrifice for a year and just suck it or up or get my family into a rental give myself a year or two to buy and then get a house after the initial investment 

Hey everyone

So I am in the pursuit of a live in 4 plex but I have a family including a new daughter and I am concerned about buying a multi in not such a nice area for them. I am finding many deals where cashflow is doing $200/ door. The issues however I keep running into Is buying same size quads for 100k more to be in a better area vs buying lower end quads for a smaller price. Since I plan on living in 1 unit for at least a year I figured I would spend more $$ for a better quad. After the year is over I plan to buy us a SFR to live in, but I feel a little nervous by buying a lower end property since I will be living in it with my girls. Prices for nice quads are in the mid 200s vs low end quads of mid to low 100s. Anyone's input or experience I would appreciate thank you!

Kind of in the same boat except I decided to pay off debt that will help me secure higher credit score and DTI %s. I would say take care of smaller debts first and snowball the bigger debts. I plan on using my cashflow to knock down my biggest debt the car payment which I will never get into again!