All Forum Posts by: Neil Patel

Thank you all! Sorry I meant SFH single family home

Did I post it in wrong forum?

I would appreciate if you guys can give some guidance on if going with hard money lender is a good idea or not? Any horror stories? Recommendations on company? I'm looking at purchasing a SMH that needs some work. House will have about 50k in equity after purchase. I'm thinking I'll need to put in about 20k in upgrading. I'm starting with local banks but process will take a while and I don't want to miss out on this opportunity! I'm open to either flipping or renting it out for few years with about $400 cash flow per month. Should I get hard money? Should I ask for family's help, pay cash and refinance it after? If I pay cash, how soon can I refi it being a rental property? Looking forward for all your help! :)

Thank you all !! I will definitely start at the learning tabs and pod casts! I have lots of questions! Lol I'm hoping to learn and get them answered here. How to evaluate a property? How much price to pay for a home based how much rent should I receive? I read a 2% rule but here in Arizona it's really uncommon to get that much based of a single family home. A house prices at 100k will not rent over $1k! If I'm paying cash, should I be looking for a house at a appraised value or much lower? If so, how much lower? @Laura Lange . What type of investment are you looking into? Are you finding properties with an agent? What do you consider to be a great deal?

Thank you all !! I will definitely start at the learning tabs and pod casts! I have lots of questions! Lol I'm hoping to learn and get them answered here. How to evaluate a property? How much price to pay for a home based how much rent should I receive? I read a 2% rule but here in Arizona it's really uncommon to get that much based of a single family home. A house prices at 100k will not rent over $1k! If I'm paying cash, should I be looking for a house at a appraised value or much lower? If so, how much lower?

Thank you all !! I will definitely start at the learning tabs and pod casts! I have lots of questions! Lol I'm hoping to learn and get them answered here. How to evaluate a property? How much price to pay for a home based how much rent should I receive? I read a 2% rule but here in Arizona it's really uncommon to get that much based of a single family home. A house prices at 100k will not rent over $1k! If I'm paying cash, should I be looking for a house at a appraised value or much lower? If so, how much lower?

Hi

I run a small business in Glendale for last few years. I want to start focusing on real estate investing in Phoenix market. I would love to meet people who love sharing their experience in real estate! My short term goal is to start into buying and flipping homes. However I'm not exactly sure where I need to start and what price or ratio would be a good deal on a house? Open to opinions! :)