All Forum Posts by: Noah Corwick
Noah Corwick has started 7 posts and replied 234 times.
Post: About to close on our second investment property
- Realtor
- Phoenix, AZ
- Posts 238
- Votes 108
Way to go Armando! Better to buy now before rates go down, price go up even more and crazy bidding wars return.
The buyers who couldn't buy during Covid will come back with vengeance.
Post: New to Real Estate and Investing
- Realtor
- Phoenix, AZ
- Posts 238
- Votes 108
Welcome David!
BP is a wonderful place for gaining knowledge and building your team as you start out in RE investing.
Cheers to successful investing!
Post: Hello, My name is Miciah and I am glad to be a new member to the community
- Realtor
- Phoenix, AZ
- Posts 238
- Votes 108
Welcome Miciah!
Multi family properties here in the valley are tougher to come by than a lot of other states. Definitely do-able, but good deals good scooped up quickly. Just have to move quick or get a bit creative with them.
LTRs are likely the path to least resistance in PHX and might be a good starting spot.
Best of luck!
Post: Hello BiggerPockets! New PRO here
- Realtor
- Phoenix, AZ
- Posts 238
- Votes 108
Hey Chad.
Welcome to BP! Definitely a lot of great info on all of those topics here for sure.
Now is a solid time to start strategizing your plan of attack before rates go down and AZ turns into a madhouse again.
Best of luck!
Post: Are Condominiums a good investment
- Realtor
- Phoenix, AZ
- Posts 238
- Votes 108
I echo the other comments already posted.
One other note about condos in PHX is that your exit strategy needs to be accounted for even more with condos. Most condos in the valley are not FHA approved. Currently there are only 124 communities approved at the moment.
So if you end up needing to sell it in the future, would be a hinderance since it would eliminate FHA buyers all together + even some conventional buyers too.
If you do invest in a condo, I would suggest looking at if it is approved or not ahead of time. The approvals are always subject to change at any point, but at least you would know what you're getting yourself into ahead of time.
Post: Is Home Warranty Worth it?
- Realtor
- Phoenix, AZ
- Posts 238
- Votes 108
Quote from @Bruce Woodruff:
Quote from @Noah Corwick:
Hi Bruce. If you don't mind me asking, which home warranty company do you use?
Thanks Bruce. I've heard solid things about them. I appreciate the insight.
Post: Is Home Warranty Worth it?
- Realtor
- Phoenix, AZ
- Posts 238
- Votes 108
Quote from @Bruce Woodruff:
It depends on which company you are with. I have had bad experiences in the past and swore I'd never get one again...but my new residence came with one (bought by the Seller's agent). Shortly after moving in, this house (built in 2006 so 18 yrs old) styarted having issues - cooktop working erratically, they replaced it with a high-end (GE Profile) new one.....Dishwasher started leaking, replaced with brand new GE Profile. 50 Gal water heater went out (elements) they replaced.
So in just 6 months, they have spent about $5000 on me. I was so impressed that I did what I never thought I'd do.....I renewed the policy. Both of the AC condensers are 18 yrs old, and they'll be $4-5k each when they go.
So after this experience, I'd say definitely go with a GOOD company. YEs, with a rental, they may be a bit slower, but you have the option to fix things yourself and they will reimburse you.
Hi Bruce. If you don't mind me asking, which home warranty company do you use?
Post: Multi family real estate agent
- Realtor
- Phoenix, AZ
- Posts 238
- Votes 108
Hey Gaurav,
My team specializes in investment and commercial real estate and would love to have a conversation with you to see if there's a strong fit here.
Cheers!
Post: Hello BiggerPockets! New PRO here
- Realtor
- Phoenix, AZ
- Posts 238
- Votes 108
Hi Julie,
Welcome to BP!
Rare to find a native of PHX out here. I am one myself.
PHX is in more of a flipping market than renting market atm, so that game-plan makes a lot of sense.
Best of luck with your investing!
Post: Beginner real estate investor
- Realtor
- Phoenix, AZ
- Posts 238
- Votes 108
Hey Ryley,
Welcome to BP and taking the first step to RE investing!
Definitely a lot to learn and a lot of different avenues to explore.
My advice is to try to define what you want to focus on (flips, rentals, etc.) and then work from there. Defining your criteria is key at the beginning.
Best of luck!