All Forum Posts by: Wences Lopez

Thank you for confirming this, I appreciate you! 

hey everyone, I was having a conversation with my boss & she asked if I’m writing off the interest on my properties as an expense. I had no idea this was even possible. Anyone else do this? If it matters my investment properties are in Arizona. Thanks !

I'm actually starting my first STR in Tucson, was just there last Friday furnishing up my place 👍🏻

Investment Info:

Condo buy & hold investment.

Purchase price: $172,000
Cash invested: $44,000

First rental property near UofA 3 bedroom 2 bath condo.

What made you interested in investing in this type of deal?

How close it is to the university of Arizona

How did you find this deal and how did you negotiate it?

Zillow, didn’t negotiate it was a good price as it was.

How did you finance this deal?

20% down

I'm in the process of building an ADU at my primary residency.

What's the pro's and con's about it? I want to hear your experiences with ADU's if they're worth it or not, besides rental income coming in how much would the property really appreciate? Thanks.

Hey anyone having issues downloading the bigger pockets app with their new iPhone? I just got a iPhone 13 today and tried downloading it and it doesn’t appear on the App Store. (Using my old iPhone to post this) thanks.

@Bob Okenwa

You have a point, never thought of it that way. Thank you for the response! I appreciate it!

@Greg M.

Thank you for your response! & this property is in Az I know it’s more landlord friendly but I’ll have to check on the 30/60/90 day notice.

I bought my first investment property in August, and let the seller stay and be my tenant for 3 months until he bought another property. He hasn’t had any luck buying anything. Current rent i charge him is $975, basically just paying my mortgage for now. Rents around the area are around $1375-$1550. What’s one way I can tell him Im planning to raise rent?

(Reason why I let him stay at the mortgage rent price was cause he fixed all issues that came back after the inspection, around $6k in expenses & sold me it at the price we first agreed on)