Another point, I have a W-2 income (spouse is stay at home mom) where I am already above the social security tax income limit.

The types of properties I’d target for STR wouldn’t even be big enough for my family, so it truly would be an investment first. 

So I’m really interested in hearing what areas near Phoenix you think:– are on the rise,– have adjusted in price with the cooling market,– or are good long-term holds where I could also live comfortably.Which areas/cities/zip codes in and around Phoenix/Maricopa county would you target with a ~$400K budget for a house hack with appreciation potential?

My goal would be to target 2 to 4 family properties, ideally on the North Shore, and would be looking for long term holds and the BRRR method.

In my opinion, contractual funding commitments contingent to target returns are better for both parties.

Quote from @Joshua Hughes: Quote from @Drew Sygit: @Joshua Hughes what Class of Property/Tenant are you targeting?

I encourage you to get familiar with criteria like Financing, Property Class, Location, Purchase Price, Rehab Costs, and Risk Target (to name a few).From my own experience, I learned to be flexible with expectations and timeline.

Hey everyone, I’ve been digging into the BiggerPockets podcasts lately, and from what I’ve heard for buy and hold investing Dave often targets 8-12 % cash-on-cash returns on small multifamily deals, especially in more affordable markets. 

A great flip on the wrong block becomes a liability.Have your brother drive streets at different times of day and rate blocks A–F for:• pride of ownership• renovation activity• rental comps• safety/foot trafficDon’t analyze houses until you know exactly which micro-pockets you’ll target.2.

I’d like to make this a win-win: give the seller their target cash while keeping financing affordable enough to cash flow.