All Forum Posts by: Patrick Allen

Yes, there is a Zoom portion as well. Just make sure you sign up for the Online session when you register

Happy Thanksgiving all! And for those of you locals: Happy El Tour de Tucson weekend! Whether you are a cyclist like me or just someone who wants to avoid the traffic around the bike course, I hope you take a moment to appreciate the most fun day to be a cyclist in Tucson...

After the food coma wears off next week and we enter the meat of the holiday season, you local rookie investors will want to make sure not to forget about the next meetup of the New Investor Subgroup of AZREIA in Tucson. Having considered how to analyze Buy & Hold deals, this month we will turn our attention to value-add single-family properties and what to know before you reno.

Topic #1 will be "How to Analyze Deals on Fix & Flip Properties," where we will discuss common strategies and considerations when analyzing value-add deals.

After analyzing a few deals as a group, Topic #2 will feature a guest speaker: my good friend Chad Casper with Pillar to Post Home Inspectors will be on hand once again to talk through what *not* to do when rehabbing a property. Drawing upon his day-to-day experiences as a local general property inspector, Chad will share the biggest red flags that blow up the budgets of the less experienced rehabbers... happening right here in Tucson!

Pre-Register here: registration link through AZREIA

As we always do, we will be getting together on the first Monday of the month to talk real estate and learn from one another. The meeting officially runs from 6:00-8:00pm, but folks are encouraged to come earlier or stay later for networking and to share recent success stories.

See you there!

Greetings BP Community! I hope all of you RE hustlers got a lot of value out of last month's meetup of the New Investors Subgroup of AZREIA, which centered around how to find & fund the deal, and are well at work finding your own motivated sellers on- and off-market. As you continue to baseline your market & gain clarity on what your ideal investment property looks like, we turn next month to the all-important investor skillset: how to analyze deals (on Buy & Hold properties).

If you consider yourself a newbie when it comes to calculating cash flow, understanding cap rates & forecasting variable costs, the November Meetup is designed just for you!

Pre-Register here: registration link through AZREIA

The in-person portion will be held at the Keller Williams building near River/Campbell. I'll make a small confession to you all: I'm slated to be flying back into town the day before with multiple connections, and in today's day & age its wise to foresee possible delays. So even if I'm not able to get myself back into town in time for the meetup there will still be an in-person meetup to view the Zoom stream. Either way, get to the meeting so we can dig into the topic!

See you there.

The lady who checked me in mentioned this: some folks (myself included) are having trouble registering for the individual break-out sessions. Sounds like it's a tech issue more than a room capacity one, and that so long as you show up a few minutes early to grab a seat it shouldn't be an issue.

Unless someone else has better info to the contrary?

Just PM'd you a few options: best of luck!

Hope you local Tucson folks are keeping dry out there! As we inch our way towards cooler Fall temps we are again gearing up for the latest meetup of the New Investor Subgroup of AZREIA in Tucson! Now that we have fully developed our investor foundation and have established a specific criteria to hunt, for it is time to actually get out into real action and start farming for deals...

Lecture topics for September will be: "How to Find Leads in your Target Market" & "How to Fund the Deal (using creative & traditional strategies)". These all-important steps are the bridge from theory to practice, and unlock the "chunking down" power of the Deal Funnel by identifying Motivated Sellers with properties we can later analyze!

As usual, we will also take time in the middle of the lecture for a networking break where you can share your REI experience with other like-minded folks in the room. Prizes will be included for those attending in-person!

Pre-Register here: registration link through AZREIA

The in-person portion will be held at the Keller Williams building near River/Campbell. As we always do, we will begin promptly at 6:00pm & run until somewhere in the 7:30-8:00pm timeframe. There will also be a virtual streaming of the meetup via Zoom, so if you'd prefer to stay home you may feel encouraged to dial in. 

Happy Summer, local BP Fam.

The New Investor Subgroup of AZREIA down in Tucson is gearing up for our next upcoming meeting in August, and I wanted to make sure you all knew about it! Having covered the foundational piece by establishing your buying niche & criteria, we will focus now on the next, most vital building block to your investing strategy: what sub-market you are marketing to.

This month's meetup will cover two topics: "Establishing your Target Market" & "The Power of Follow-up"

Building on last month's topic we will spend the first 20-30 minutes discussing things to consider when choosing your geographic farming area. We will highlight different areas of the city of Tucson, including demographic and census data as well as input on how to conceptualize different areas of any city via the ABCD Classification Scale of REI.

After a short networking break where we will practice our investor "elevator pitch" (in-person only) we will dive into the Elephant In The Room for far too many newer investors: why follow-up is key in real estate. We'll look into how to set up your real estate CRM (client resource management software) as well as several foundational marketing principles to keep in mind when marking directly for motivated sellers.

Pre-Register here: registration link through AZREIA

Hope to see several of you at the meeting in person!

It's generally true that there is not a fantastic conventional loan product for owner-occupant multi-family properties. I don't know why that is, as it is objectively a lot easier to get an equally-qualified buyer under contract when using a conventional loan vs. FHA or VA, but for whatever reason as it concerns 2-4 unit properties the situation is flipped.

Because this is the case, offers with FHA or VA financing are considered lot more readily than they are in the single-family market, as there are really only 2 kinds of buyers: owner-occupant putting little down, & non owner-occupant putting 20-25%+ down. Functionally if you want to go low-down on an OO product, there is really only one way to go with it. And in my experience, as often the seller sees it as a positive that the buyer chooses to take advantage of an e.g. 3.5% loan and moving into the property: it means the seller's old duplex they bought 20 years ago is actually going to go to someone who will take care of it and value it.

And of course there are those who just want highest & best, in which case as an FHA/VA Buyer you just try the next one.

Calling all newbie investors in Tucson, AZ! If you're currently wanting to get in on the action of real estate investing right here in the Old Pueblo but simply didn't know where to start, consider yourself invited to the July meetup of the Tucson chapter of the New Investors Subgroup of AZREIA: the Arizona Real Estate Investor's Association.

This month we are returning to basics: Why Start Now? & How to Select Your Niche/Strategy. This is the foundation piece: why now is now is the best time to get started building wealth through real estate, as well as establishing what we buy and why: I'll be sharing a few resources to help you decide these things for yourself. Probably my favorite subject in the entire series, you will leave this meeting excited about the journey ahead and with lots of resources to help you establish your own investing goals to carry into future meetups!

Register here via AZRIEA's Event Calendar

As we always do, we will be getting together on the first Monday of the month to talk real estate and learn from one another. The meeting officially runs from 6:00-8:00pm, but folks are encouraged to come earlier or stay later for networking and to share recent success stories. Hope to see several of you out there!

Yes, there is a Zoom portion and you can sign in for the virtual portion if you can't be there in person