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 10 months ago on . Most recent reply

User Stats

17
Posts
4
Votes
Farooq K.
4
Votes |
17
Posts

Venting on trying to start in AZ how??

Farooq K.
Posted

Can someone give me some advice I have been watching youtube and seeing these people say they buy 4-6 rentals in couple years. And for the life of me i just cant figure out how they did it. In Arizona minimally you are spending at least 300k for a decent rental 3bed 2bath 1500 sqft and on avg at least 400k which is going to require minimally 100k down and closer to 150-200 if you want to cash flow where avg rent is the 2300$ range. And you might break even. I am pretty good income and this would still take at least one year for me to purchase. 
is the idea i just purchase 1-2 a year of this standard? How do people buy real estate in AZ right now i really dont get it.

$300 / sqft i bought my first house 2017 a 4300 sqft for $130 sqft and 2009 i bought very first starter home for $100/ sqft. I just feel like why would i spend $300/sqft.

And thenn lets get to interest rates minimally its 7% good game.

And when i see real estate sales they all dropping price

I dont want to be left holding the bag but tell me how do you do this?

Most Popular Reply

User Stats

17,764
Posts
15,296
Votes
Chris Seveney
  • Investor
  • Virginia
15,296
Votes |
17,764
Posts
Chris Seveney
  • Investor
  • Virginia
ModeratorReplied

@Farooq K.

Don’t believe everything you see on the internet.

I saw someone who says they put the milk in the cereal bowl before the cereal and says it tastes better.

I also see people saying lebron James is better than Michael Jordan

Clearly many on the internet are delusional

  • Chris Seveney
business profile image
7e investments
5.0 stars
16 Reviews

Loading replies...