All Forum Posts by: Monisa Croxton
Monisa Croxton has started 0 posts and replied 2 times.
Post: Anywhere left to invest in inexpensive real estate ?
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- Votes 1
Quote from @Martin D.:
Quote from @Ray Choi:
Hey @Martin D. - how did you decide on AZ? And when making the first property purchases did you go and see the property in person or via searches?
I studied about 10 markets around the country. My main focus points were:
- What kind of cash-flow can I get with a minimum down payment?
- What are the local/State laws around real estate ownership and landlord rights?
- What is the median price point and what are the growth projections?
- How quickly/easily can I get to my property in case of an emergency?
After researching for about 6 months, I decided on Northern Arizona and bought my first property here. I loved the experience, and wanted to see if I could repeat it, and within 6 months, I bought my second one.
I was able to drive roundtrip over the weekend, do multiple walkthroughs and put offers. I had to do that many times (and sleep in my car) because the market was so hot there was a lot of competition and ended up almost always outbid by AirBnB investors.
I'm really glad I ended up buying here because I loved the region so much that I relocated here and now do this full time. It's so much fun and I can still find cash-flowing properties on the market any day of the week!
Hey @Martin D. I love your story! I purchased a property in AZ last year, mainly because my daughter goes to ASU, and I just love it there. I made my first trip to Sedona and it’s beautiful. Since I hope to eventually live in AZ full-time, I was hoping to buy another property there but I couldn’t get the numbers to work so now I’m looking at IN and OH. But my heart is pulling me back to AZ!!! Are you familiar with any areas there that won’t be negative $500 cash flow?
Post: Investing in Fort Wayne and other areas
- Posts 2
- Votes 1
Hi Jose,
I live in CA and also considering buying an investment property in Fort Wayne. Have you used the Find Lender tool here on Bigger Pockets? That’s what I used and recently got pre-qualified.
I’m just getting started so I need to focus on building my core-4.
Good luck!