All Forum Posts by: Ying Tang

@Jeremy Taggart Thank you for your thoughtful reply and excellent advice! I completely agree that it takes time to build a trustworthy team and I’m committed to gradually assembling a strong team over time. I also took a look at your profile and noticed you work with many out-of-state investors. Perhaps we might have a chance to collaborate on a deal in the future?

@Robert Drummond I saw some listings on the market yes. So you talked to them and you are positive that you get a good price? I'm a realtor and I can probably ask my broker if they have a contract that can be shared.

Hi Robert! I'm a new investor and new realtor in Phoenix area. Would it be possible for you to share the lead? I might not get in contract myself because I just started and pretty new to everything. But I would love to analyze the deal. Thank you! 

Hello everyone,

I’m excited to join BiggerPockets as a new investor and realtor based in Phoenix, Arizona. Currently, I own two single-family homes:

1. My primary residence, purchased in 2018 for $550K, is now valued at approximately $900K.

2. A recently renovated property bought in 2023 for $440K with 25% down is managed by a friend’s company. They rent out individual rooms, enabling us to charge slightly above market rates. Despite higher maintenance costs and elevated interest rates, the property generates enough income to cover the mortgage plus an extra $200 in positive cash flow.

Each year, my husband and I save between $80K and $200K for further investments, depending on his annual performance. I also recently obtained my Arizona real estate salesperson license to reduce transaction costs. While I’m actively seeking BRRRR opportunities in Phoenix, generating positive cash flow has proven challenging under current conditions, and price appreciation appears to have slowed.

In addition, I’m exploring investment opportunities out of state, though navigating unfamiliar markets is proving to be even more challenging. I welcome any suggestions, advice, or insights you might have regarding investments both locally and beyond. Thanks in advance for your input!

Hi Franck! I might be wrong but I don't think either of the calculations look correct. What is the interest rate that you and the seller agreed on? The first nequation did not calculate any interest. The second equation also does not make sense to me as sellers payments is not relevant to what you should pay during that period...Again, I could be wrong, but it would be helpful if you can let us know the interest rate.