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All Forum Posts by: Noah Corwick

Noah Corwick has started 7 posts and replied 224 times.

Post: Bought my first SFH, but now what!

Noah Corwick
Posted
  • Realtor
  • Phoenix, AZ
  • Posts 227
  • Votes 104
Quote from @Josh Young:

@Michael Benton you can rent out the rooms while you are living in it, this will help you save more money in the meantime, but I would not recommend that you spend your reserves on another property, that is when bad things happen, you want to always have 6+ months of PITI payments available. A year might seem like a long time, but it will go by fast, use the time to keep learning, analyzing deals, and saving.


 Hi Michael!

I think Josh is right on the money with everything he said. Keeping your emergency funds for an emergency (life can unpredictable sometimes) is probably the wisest thing. And in the PHX market, it'll be pretty hard to find an investment property (20%-25% down) that would make those numbers work anyways.

 If you don't mind having roommates, renting out rooms might be a really savvy idea. That way you are saving money every month for your next venture, others are helping pay down your mortgage, and will come even more ready after the year has completed!

Post: Looking to network in the phoenix and surrounding area!

Noah Corwick
Posted
  • Realtor
  • Phoenix, AZ
  • Posts 227
  • Votes 104

Hey Kelby, 

Great to meet you! 

Sorry to hear that the inspection didn't come out like you had hoped it would. At least you learned this now instead of down the road though!

I'd love to help brainstorm on different areas to possibly look in to. 

Let's connect! 

Post: Phoenix, AZ meetup?

Noah Corwick
Posted
  • Realtor
  • Phoenix, AZ
  • Posts 227
  • Votes 104

Hi Eric. I would definitely be game for this! 

Post: 321 W Alice Fix & Flip

Noah Corwick
Posted
  • Realtor
  • Phoenix, AZ
  • Posts 227
  • Votes 104

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $375,000
Cash invested: $300,000
Sale price: $900,000

Complete luxury tear down fix and flip within the beginning and middle of Covid.