All Forum Posts by: Ryan Hoover

@Berron J. Good morning!  I went to a course on home inspections and saw an amazing presentation by the owner of AZ Property Inspections.  I have been using them exclusively for the past 4 years.  Great service, thorough, and always available to answer questions.  

Congratulations!  But yes what is written above.  What are your specific questions about getting started?  

I can say that West USA has an entire property management department and in general allows their agents to work on residential, commercial, and property management all at once.

West USA (little biased here) and HomeSmart are going to be your best bet for lower fees, keeping more of your commission, and have a huge network of agents and resources.  They will not include as much in the lead, training, and marketing department.  If you already have your feet under you, sounds like a good choice.

@Dale Miller A HELOC is the strategy I used to get started in investing. I will say that line of credit loans are drying up now or the LTV is closer to 80%, when you used to be able to get 90%. Not sure if you can get enough funds to secure the entire deal, but it's a great option to secure your down payment and pay for any renovations. That way you are getting the best of both worlds with the opportunity to do a cash out refinance in 6 months to recover some of the HELOC funds.

@Jason Lochinger Torreon is a very in demand golf community.  It is very popular for Summer visitors.

Hey @Michael Zagorsky I work as a Realtor in the Pinetop/Show Low area along with the Phoenix market. I know that area very well as my Dad lives there full time. I don't have any investment properties up there at the moment, but am looking to purchase a second home/cabin and rent as a STR when it's vacant. As far as investing, that is the primary type (vacation rental) people utilize in the area. Especially Pinetop, which has a huge travel-leisure economy. Send me a message if you want to get some more information and connect.

Sorry I don’t have any experience in this space, but always curious to learn a new skill!

@Matthew Jenks I just prefer the rental rate of $1k plus.  Below that price point typically leads to more issues to me

@Matthew Jenks I personally like the areas of Fountain Hills, Mid-Town Phoenix, and South Arcadia.  As Wes alluded to, MF is only in select cities/areas in the valley, which are typically older.  The areas I listed above have a higher rent per SqFt then you will get from central Phoenix and Mesa.  Just depends on the type of tenants that you are willing to manage.