All Forum Posts by: Zane Belden

@Denny Robert I sent you a message.  Look forward to connecting with you.

@Scott Scharl Thanks very much for the intro!

Hey BP,

Does anyone have any experience with or know anyone who has invested with Vestis Group or used them as a broker?

I'm looking for a multifamily broker in Phx.

Thanks, Zane

To elaborate more, I've been analyzing several small apartment complexes in phoenix, am interested in purchasing and would like to discuss this analysis with someone who is experienced in buying and selling.

Thanks, Zane

Hey all,

Looking to connect with a broker who has experience and expertise with small to mid multifamily in the Phoenix/Scottsdale area.

Look forward to hearing from you!!

Thanks, Zane

@Chelsey RichardsonYou've found the right place! Keep up with reading the forums and definitely listen to all the podcasts.  Really educational info on here.

Another way to go about it would be to buy a duplex, live in one side and collect rent from a tenant on the other side.  You likely won't collect enough rent to cover all the expenses but you might take care of more than half the mortgage which would be even better than simply owning you own house.

@Chelsey RichardsonI think if you buy a property as an investment (buy below market value, generate cashflow, appreciation, etc.) it would be fine you choose to live in it rather than renting it out.  Assuming you are currently renting, you will be putting your rental expense into your own equity rather than your landlords equity.  

So that said, buying your own home and living in it is an investments in itself.  But rather than buying it for yourself based on its charm, style, etc., buy it based on its good investment potential.

Good luck!

Zane

DJ,

Good story and solid numbers!  Seems like you're executing your plan well.

What do you think about the idea of doing a cash-out refinance on your 4-unit and putting that money to work in more properties?  I'm thinking about doing that on one of my properties but my main concern is that with a potentially higher rate (and higher loan amount) due to recent rate increase, my cashflow numbers will reduce on this property to close to break even.  So I'll be able to roll that cash-out capital into a new property but possibly lose the good cashflow on the first unit. 

Anyone else have this consideration? If so, what's your opinion?

Zane

Braiden Kurowski welcome to BP and the world of REI. I would keep immersing yourself in all the books and resources BP has to offer. I've purchased a couple rentals in Scottsdale. I'd be happy to bounce around any ideas or questions you have. All the best, Zane

Elvis Dur I've never used them but have heard of Alongi Construction out of Phx. You can google their website, message them and Vito will get back with you. I had the same question and found Alongi. It looks like they have experience in multifamily rehab. Let me know how it turns out as I might be in need of their services in the near future.

@Travis BeehlerThis sounds like Simply Safe? Just a guess...