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Updated over 9 years ago on . Most recent reply

User Stats

5
Posts
0
Votes
Kraig A.
  • Investor
  • Phoenix, AZ
0
Votes |
5
Posts

Unsure in Phoenix

Kraig A.
  • Investor
  • Phoenix, AZ
Posted

Hello Everyone,

First time post and first time investor...

I'm in the market for a triplex or quad in Phoenix, Mesa, Scottsdale, etc. Lets list the concerns at this time.

1. I can't find a unit that will cash flow at 50% or fits the 2% rule

2. GRM shows units overpriced.

3. All the units are on one master meter.

I'll time of 50 more once I hit post.

I've worked the last 4 years to get to here and now I'm unsure of everything.

What I do have:

Down Payment. Check.

Financing. Check. One lenders says 25% and another says 20%.???

PodCasts. Check.

Books. Check.

Background this will be an investment property as I have a primary, buy and hold, refi, buy again.

Anyone else at this same point?

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