All Forum Posts by: Sam Ohanesian

Hi Jeremy, I'm an investor here in Tucson. I've used a couple property managers to help me with my portfolio, I could refer you to someone. I'll message you my contact information. I also may be interested in purchasing your friend's home if he wants to go that route. 

I've had the most success using Zillow. I believe the person applying can pay a fee and have unlimited applications they can submit for a limited amount of time, so you don't really need to worry about them wasting their money on the application if you don't chose them.
 

I bought a triplex in Tucson last year using an FHA loan. I put a little more down but only like 5%. I'd definitely ask another lender about it if I were you.

There are tons of people buying right now, as you'll find out if you start making offers on properties. There are bidding wars on everything priced reasonably. You're agent doesn't know if it's a good time to buy or not. If the numbers make sense, it's a good time to buy. 

I wanted to do STR in Temecula as well. I googled it and found this...

"Short-term rentals are prohibited in the City of Temecula (TMC 17.06. 030). The Temecula City Council voted to re-affirm the existing prohibition on January 14, 2020. Additionally, the City Council voted to increase the fine on prohibited short-term rentals to $1,000 per day."

I've been investing in Tucson the last few years. I have 13 units here. Feel free to PM me with any questions you have. 

130k in Tucson, AZ in 2020. Worth around 240k now. 

Nope.

What do you expect to get in rent? What will the rehab cost?