All Forum Posts by: Ryan Tempel

Thank you for the replies everyone! This is all very helpful information. How would I find more information on the AZREIA and these subgroups?

Hello Everyone, 

I'd like to start buy thanking the founders and the community of the creation and on going evolution of this resource. In the last few weeks I have gone from knowing jut that real estate was interesting to actually formulating a plan for our future. 

Working a 40/Hr a week job has always seemed like a never ending nightmare. When I was in high school, all of my teachers preached the college to job path as if it was the "one true path to happiness." Yet many of the most successful people in history seem to achieve success through creativity and courage, rather than homework and tests. And I want to live a life of wealth and adventure, not cubicals and stress! Of course I hadn't the darnedest idea of how to do it, and still don't... But real estate seems to be the ticket. 

My significant other and I are new to RE, as it seems that's how most people start, and we are excited to learn anything about it. We have always been drawn to buy and hold rentals due to the passive nature of the strategy. To have more fun we would like to move to the BRRRR method once we can move full time. It seems to best fit our life philosophy of working to live rather than living to work.

Personally, I have always found myself captivated by entrepreneurship and the lifestyle it brings long term. Real estate meets all of the benefits of building upon the benefits of previous efforts. We both currently work full time jobs in Phoenix, Arizona and of course quickly became tired of the never ending grind. So now we are here and looking forward to any and all information, stories, and lessons anyone is willing to share. 

We have listened to almost all of the podcasts, studied the beginners course, and now we are turning to the forums for help on specific topics. We look forward to interacting with all of you and hopefully meeting some of you locally. 

My first question is... Does anyone have any tips on how to find information quickly on the forum? 

Thank you and best of luck to you all! 

Cheers, 

Ryan and Rachel

Hello Everyone! 

This is my very first forum post, but here goes nothing! I was "Driving For Dollars" or really just getting familiar with an area we were looking at investing in. During which I stumbled upon a hidden gem... There was a little 8-plex (technically two very close 4-plexs on two close lots) on a corner lot about two blocks from a central road in my town. You know that feeling when you see a property and your just like, that looks like a freaking deal? It needs quite a bit of work (completely new roof, fence, landscaping, interior...), but if the current owner is reasonable and I can get it for a price low enough it would be a great deal for a great cash flowing property. Also falling into the 203K financing qualification we were planning on starting with. Of course I would have to complete a full analysis of the property before we can get too excited. 

So, after listening to the bigger pockets pod casts for about 2 weeks I figured I'd try this whole, "search the owner on the county assessors website," trick. I found the owner (of the parcel) and it belongs to a religious community center, which building a new center in the neighborhood. They actually own about a dozen properties in that area. Additionally, the rental property for the same address in is another individuals name. 

This is my first time doing this and I want to take action, but how do I start the process?

A few questions...

1. Why are the parcel owner and the rental property owners differing?

2. Which should I contact?

3. What is the best way to contact them to initiate a conversation about me purchasing their property?

4. Would my significant other and I be able to each take out a 203K loan for each building and renovate from there? (one loan for one building under her and another for the other under me)

5. Pretty much, WHAT THE HECK DO I DO NEXT??

We appreciate any and all help form the community. Thanks guys and gals!