All Forum Posts by: Mason Weiss

If you are looking to build connections in the real estate investing space, then join us for coffee and networking. This event is limited to 10 people (8 already RSVP'd) so that true relationships can be built as we strive to help each other with our investing goals.

Whether you are a seasoned investor or just starting out, this meetup will offer valuable insights and connections. You'll have the chance to meet like-minded individuals who share your passion for real estate investing. If you can't make it this week, join the Meetup group because we will do it again on June 3rd!

https://www.meetup.com/mesa-re...

Do it, don't overthink it. Your son realistically is the best tenant you can ever have and he can vet your other tenants. This is the best way to secure your first property, my guess is renting by the room saves students money compared to the cost of living in a dorm.

Hey @Andrew Bradley, you can join the group on Meetup and be alerted of future events. I have included the link below:

https://www.meetup.com/mesa-re...

@Pedro Huichapa all depends on the deal. You could find one big deal or several smaller properties and diversify. Depends on your risk tolerance and experience. I would start by focusing on building your team. Find an agent, lender, and property manager that you can trust to help you accomplish this goal. Only a team can truly help you maximize your return through their experience and expertise. 

Talk with your insurance broker and be transparent about your situation, if you need a rec let me know. Better to have peace in mind and have appropriate coverage than to worry about your liability on any incident. 

@Bryce Wolfe I would start high and negotiate down. If you are adjusting the lease then you should be compensated accordingly. Make sure to secure a non-refundable deposit. The average pet rent for that breed is around $60 a month with a $300-$500 deposit but I would go slightly higher since you are changing the lease agreement. 

Hey Shawn, look for homes in the 230-300K range that have been sitting on the market longer than 60 days. Then start making low offers. If you find a listing at 230K that you get for $180K, it just leaves more room for you to use your capital elsewhere so long as you are happy with the house. The main point that I would focus on though is days on market, find some sellers that might be getting nervous/desperate. 

 This is solid insight as well @Kyle Barnhart. 

@Cameron Gomez are you looking to house hack a small multi family property or single family and rent each room?

Hey Kyle, take a look at Redfin's market data for Phoenix and you can see the strong migration to Phoenix from affluent parts of the country like the Pacific North West. It all depends on your strategy, Phoenix is primarily a single family state so small-multi family is competitive with low supply. STR's can be very profitable in certain areas of the state, and rental demand is growing rapidly. Connect with local professionals who know the market will be the most value added in your investing journey.

https://www.redfin.com/city/14...