All Forum Posts by: Patrick McCandless

Hi Dovid,

I get several wholesale deals that come across my desk almost on a daily basis and would be happy to pass them along to you. Are you only interested in multifamily or would you like me to send you single family as well?

Best of luck to you and great job starting out with an investment for a good cause!

I can't imagine the the difference in monthly premium between a policy for $90k in coverage and $110k in coverage would be more than $10 or so per month, right? Just ask your insurance guy for the monthly premiums for various levels of coverage.

Frank V. Your question is a little vague. Who's bank are you referring to? Yours when purchasing the property? Or do you already own the home and are assuming whoever buys the property will utilize conventional financing and you are asking if that lenders appraiser will take the addition into account? Appraisers measure the livable square footage so they should take it into account. If you permit the addition properly the new square footage can be added on the tax record as well as the MLS listing once you sell. I mean technically you can put whatever you want on the MLS listing, but if there is a discrepancy between the number on the MLS listing and the tax record then the selling agent SHOULD notice this and question you on it. In which case you would obviously disclose that there is a non-permitted addition involved. Some buyers will care less as long as it is built in a workmanlike manner, but I've also had buyers that are completely scared off if the addition wasn't permitted. Hope this helps. Feel free to PM me to chat more.

Welcome @John Kim! I'm fairly new to the East Bay area slowly branching out here, but have been in the Phoenix market for a while. Let me know how I can help. Best of luck!

Welcome @Alus Kunwar! You've come to the right place. Let me know how I can help in the Phoenix market. Best of luck!

Hi @Charles Nyasha! I wouldn't be fit for a mentor gig, but would love to connect. Happy to help any way I can. Best of luck!

@Sean Autry PM sent. If you're open to rehabbing an off-market property that will get you started off on the right foot, but 10% is pretty much non-existent in the Phoenix market. Happy to send you homes that might fit your criteria as I come across them. I know of some management companies that charge 5% ($75 minimum) management fee. Let me know how I can help.

Hi Lindsay Johnson welcome to BP! My company specializes in condo rental and resale in the area. Would be happy to set up a chat when you're free. Feel free to visit our website at AmacsLP.com in the meantime. Would love to connect regardless!

@Spencer Stensrude that has always been a question of mine, but title companies have told me that since I was in the second position the first still remains. If they were to foreclose, however, I would be wiped out. At least that's my understanding.