All Forum Posts by: Max Serpe

 Asking this again, have folks since found a PM they like working with? 

Hey Jackson! Thanks for putting this post up. I'm new to REI and have been searching for a multi-family for the past few months now and haven't had much luck, decided to pull up some forums and found this post! Wish I had seen it when I started, but I'm all the more grateful to have found it now.

For others who have posted on this thread, I'd like to connect! I've start my own "new to Phoenix post" giving more details on my background and goals, if you have input let's chat there! 

Best of luck with your current endeavors Jackson, I've messaged you to connect as well! 

Hey there BP community! 

I saw a post for a new investor moving to Phoenix, and I thought making a post myself would be a good way to connect with the community here. 

A little bit about me: I'm 30 years old and have been living full time in my sprinter camper van for the past 3 years working remotely in tech. I was drawn to real estate as a way of investing money I have saved up (around $130K with additional funds to leverage out of a 401K if needed), and potentially creating reliable cash flow over the next 10 years. I chose Phoenix because it's close the areas I normally post up and has strong fundamentals, and I have built up come community here over the years. I'm now finally here in person, and have started to go view places in person with the intent of purchasing. I've been reading books on the subject (Small and Might Real estate investor) and listening to the BP podcasts for a few months now, and I was initially very excited about finding a multi-family property to start out, in order to maximize my leverage against an FHA loan. However, as I've been tracking new listings in this area and running the numbers on them, I have realized this strategy has either gotten too much attention in the last few years or the supply just isn't there any more. I can see many people's recommendations in the other thread being focused on house hacking, which makes sense to me.

What I'm hoping to find: I'm hoping to make connections, for mutual benefit; this could be investor friendly agents who have experience with identifying promising house hacks, investors who are looking for an additional financial partner, investors who are looking for a partner to help manage the load of projects (I am naturally drawn to planning and execution), and more broadly anyone who is willing to share experience and create new connections! I'm also open to recommendations of other community spaces that I can engage with specific to the Phoenix area. 

Thank you, and hope to meet you soon. 

Max

Just a potential short term solution to the emptying daily issue, I don't have answers to the other questions above. 

I don't know how the humidifiers are configured, but you might be able to put a small pump into each reservoir (search "automatic bilge pump" on amazon) and move the water into either a larger collection tank (think 55 gallon drum) or drain. Might be able to pump it up out of the basement entirely if you are creative. This would solve the problem of having to be there daily. Likely would move it to weekly, if you can pump it entirely out of the basement then it's handled indefinitely (you just need to check on the bilge pumps). 

Shorter term solution, probably could be done in 5 hours by someone handy for less than $200 of materials. 

EDIT: take a look at the SAILFLO 2000 GPH 12v Electric Bilge Pump. In the specs, it says it can pump water up 20 feet vertically, so that should get you out of a basement if it has a window or something. You'll need to figure out how to wire it (it's not that tricky, a lot of devices have a 12v power supply) or pick a different model that can plug into a wall but has similar specs.