All Forum Posts by: Patrick Allen

I like the multi-family market a lot better down here in Tucson than I do up in the Phoenix area. Normal biases in my familiarity with the market, but I've personally been reasonably successful getting buyers under contract down here... particularly over the last few months.

I'm seeing $90-120/door for C class areas and $130-150/door for A class, so right in line with what you were hoping to spend. As Tucson's rental rates were pretty flat for a long time (up until maybe 5-7 years ago) there is a lot of product with deferred maintenance and crazy low rents, which I think lends itself well to house hacking. For sure it's competitive but still better numbers than I'm seeing hit the ARMLS up the 10.

Happy to connect over the phone to answer any questions you might have about our market down here: DM me

Hello again fellow Tucson investors, and welcome back! AZREIA has approached and surpassed a new milestone with the slow return of in-person events even the "main" meetup of our beloved REIA, and I'm excited to announce that there may be a return to real life networking on the horizon for us after all!

Much in the spirit of additional resources and networking opportunities to come, the New Investor Subgroup in Tucson has come to the 7th and "final" session in our curriculum. Consider yourself invited to a "seasoned investor panel" feature local investors @Andrew Kiel @Marcus Maloney and Bart & Kim Haines, each of which will be on hand to share their own personal experiences relating to the rookie investor. How did they find their first deal(s), what is their investing strategy (and why did they choose it) and how has AZREIA helped them build their businesses over the years will ALL be on the table!

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. Hope to see several of you out there!

There will be a Zoom meeting as I am simultaneously leading the in-person portion. If you'd like to attend virtually you just register the same way and indicate you'd like to attend via Zoom, and the REIA will send you an email with the log-in info.

There is a Fix & Flip subgroup up in Phoenix, as well as a few other meetups through the REIA. Here is a list:

Check out www.azreia.org/calendar

Hello again, Tucson-curious BP Universe! I hope you all are keeping busy analyzing deals & writing offers as the traditional summer selling season starts to wind up. With any luck hopefully a few of you will have a deal under contract by the time we're able to meet up next month... and if you are, the content next month should be the perfect last stage to get you through to closing your next deal!

This month the Tucson New Investors Subgroup of AZREIA will once again be treated to one of our favorite long-time partners: Barbi Stewart with Fidelity National Title! As one of the most experienced escrow officers in town as it relates specifically to investor purchases, Barbi will be on hand to share her deep level of experience on how to navigate a purchase contract and what escrow's role in a transaction entails.

After a short workshop around how (and why) to buy real estate in an LLC, we will move into Topic #2: "What to Expect During Inspections," including some ideas of how to successfully conduct due diligence. As we will discuss, the inspection period is where investors truly make their money & where the true expertise comes in: when to hold'em, and when to fold 'em, as it were...

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.

@Robert E Sabo We meet the first Monday of every month, via the local REIA. This is the only regular in-person meetup in Tucson for the REIA, but there are other virtual meetups in Tucson and live/virtual meetups run out of Phoenix. And of course there are other events run by other BPers outside of our universe here in town :-)

Check out www.azriea.org/calendar for the full list

Hello again BP family! For those of you who have been keeping up with our recent goings-on within AZREIA, we hope you will considering joining us next month for our latest meetup!

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.

Tucson AZREIA New Investor Subgroup's vision is to get new investors into action: saving capital, learning the market and doing deals. To support you along the way meetings will include presentations on topics relating to the new investor, highly collaborative breakout sessions where you solve problems as a team, games and activities to instruct or facilitate conversation about RE and money, and a platform to crowd-source input from your peers about deals you're doing or problems you encounter on your journey into REI.

We meet the first Monday of every month. Check out www.AZREIA.org/calendar

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 March 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. As we always do, we will begin promptly at 6:00pm & run until somewhere in the 7:30-8:00pm timeframe; maybe a bit shorter this month unless I'm able to wrangle a property manager into the fray... 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.

We meet on the first Monday of the month, so yes our New Investor meetup has already been held this week. Check out www.azreia.org/calendar for other upcoming meetups: namely the "main" meetings of Phoenix & Tucson chapters next Mon/Tue.