Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago on . Most recent reply

User Stats

16
Posts
5
Votes
Scott Davidson
  • Wasilla, AK
5
Votes |
16
Posts

Rookie looking for advice

Scott Davidson
  • Wasilla, AK
Posted

I'm military stationed in Anchorage, AK. I've Been looking for a house in the Phoenix area for the last 18 months and have lost out on approximately 12 deals. I know that buying in a hot market such as Phoenix, I'm at a total disadvantage due to not being boots on the ground there and not having a team assembled from the local area to rehab for a BRRR. I'm trying to stay positive and continue until I finally succeed on purchasing a place.

My wife and I are flying down next weekend for our second attempt being down there to really pursue this.  If anyone has tips/advice I'd greatly appreciate any assistance or coaching.  If anyone from the local market would be up for meeting up for coffee or anything, let me know.  Hell, if anyone has a wholesale I'd be open to that as well.

Scott Davidson

Most Popular Reply

User Stats

1,304
Posts
1,488
Votes
Joshua Janus
  • Realtor
  • Cleveland, OH
1,488
Votes |
1,304
Posts
Joshua Janus
  • Realtor
  • Cleveland, OH
Replied

@Scott Davidson I would advise finding an investor friendly realtor. You really want someone that invests in their market themselves and understands the numbers. They should be able to determine the COC, annualized return, estimated ARV of a BRRRR, accurate rent comps and more. The valuation and market value of a multi family property differs from a single family and you want someone that understands the distinctions if you go that route. If they just represent first time single family home buyers and aren't constantly finding off market properties and reviewing deals, you'll find a better investment through someone else.

Loading replies...