All Forum Posts by: Pamela Sandberg

I mean that you are the person who is buying the property. If you turn around the sell the house to another person or assign the contract, that's fine. What you can't do it scout deals for another person who gives you a real estate commission (with your name never being on the actual deal).

Willo has seen some really fantastic appreciation! Personally, I might wait a couple weeks until AZ gets this second wave of COVID under control, and then you could really max out your list price. AirBnB has done well too, so that's not necessarily a bad strategy. You've just gotta be prepared to put in the extra time and money to more management. 

Really depends on what you are looking for! For cash flow, you'll want to look into the outskirts or areas that haven't developed as fast. For appreciation, you'll want to look in the popular areas that continue to increase in value. Happy to answer any questions or provide insight into different parts of town that work for different strategies!

Not as long as you're only doing your own deals - if you wholesale on behalf of anyone else, that's not allowed without a license. 

Lots of good insight above that I won't rehash. I'll just add a note about the Phoenix market: yes, it's been growing and prices are high. That does make it hard to cash flow. But we continue to have stellar appreciation! So depending on your strategy, it might be a great option. Especially coming from Cali - we are close enough that you can pop over without spending a fortune on flights or killing two days flying across the country. 

Thanks for the mention, @Brian G.! Melanie and I actually work at the same brokerage, and we're seeing a lot of the same things on the STR market. She's absolutely right about a "hybrid model". Real estate is like any other investment - you need to diversify your portfolio. If you have multiple exit strategies (or multiple holding strategies), you can make it through the ups and downs of COVID!

Welcome back! There are a lot of great opportunities for appreciation in the East Valley. Be prepared: a lot of lenders have really tightened their requirements since COVID hit. Many are requiring higher down payments, so I would confirm that 3% is still available. Happy to answer any questions I can!

Great topic! I agree - the stigma against MLS deals is not well founded. If the numbers work, it doesn't matter where they came from. Off market deals carry a lot of risks that aren't accounted for in the purchase price!

AZ has great investment options! As has been said, the MF market is really hot and inventory is limited, so this can be a tricky area. It's also worth looking at SF and other options just to compare the numbers. Happy to answer any AZ questions I can!

Can't speak t Texas or Flagstaff, but I can say that Phoenix, Chandler and Maricopa have all had fantastic appreciation in recent years. Our markets have taken a bit of a dip during COVID (who hasn't?) but we've already made up a lot of what was lost. Happy to answer any specific questions about neighborhoods, investment strategies, etc.!