Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated 5 days ago, 12/19/2024
Starting out with REI in Phoenix
Hey there BP community!
I saw a post for a new investor moving to Phoenix, and I thought making a post myself would be a good way to connect with the community here.
A little bit about me: I'm 30 years old and have been living full time in my sprinter camper van for the past 3 years working remotely in tech. I was drawn to real estate as a way of investing money I have saved up (around $130K with additional funds to leverage out of a 401K if needed), and potentially creating reliable cash flow over the next 10 years. I chose Phoenix because it's close the areas I normally post up and has strong fundamentals, and I have built up come community here over the years. I'm now finally here in person, and have started to go view places in person with the intent of purchasing. I've been reading books on the subject (Small and Might Real estate investor) and listening to the BP podcasts for a few months now, and I was initially very excited about finding a multi-family property to start out, in order to maximize my leverage against an FHA loan. However, as I've been tracking new listings in this area and running the numbers on them, I have realized this strategy has either gotten too much attention in the last few years or the supply just isn't there any more. I can see many people's recommendations in the other thread being focused on house hacking, which makes sense to me.
What I'm hoping to find: I'm hoping to make connections, for mutual benefit; this could be investor friendly agents who have experience with identifying promising house hacks, investors who are looking for an additional financial partner, investors who are looking for a partner to help manage the load of projects (I am naturally drawn to planning and execution), and more broadly anyone who is willing to share experience and create new connections! I'm also open to recommendations of other community spaces that I can engage with specific to the Phoenix area.
Thank you, and hope to meet you soon.
Max