New investor in Arizona (Casa Grande)

New investor in Arizona (Casa Grande)

Investor · Chicago, IL · Member since 2016 · 42 posts · 19 votes

Hey everyone,

I just recently moved to Arizona from Cali. I am living in Pinal County, Casa Grande area. I am looking to get started immediately with investing. I would like to work with someone or a team to kind of get my feet wet in the game. I am interested in the Pinal county market as well as the Phoenix and Tucson market. 

Where are the best REI meetings happening out here? What is the best strategy for these areas? (Flipping, holding, wholesale, etc.)

Any advice would be great. I am wanting to start today. And can anyone send me a solid formula for evaluating properties to know if i have landed a good deal? Thanks in advance everyone.

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Real Estate Agent · Phoenix, AZ · Member since 2016 · 738 posts · 1k+ votes
8y

@Taronda Ransom

Welcome to the Phoenix and Tucson area! BiggerPockets is the right place for you to get started!

My first piece of advice would be to learn, learn, learn as much as you can about real estate investing, and then you'll be able to determine which strategy is going to work best for you and your situation.

Lots of money and little free time? Buy and Hold

Some decent money and more time? Fix and flip

Little money but lots of time? Wholesaling

That's a ridiculous generalization but hopefully I made my point.

Then, once you know what strategies will work for you, you can apply those as best as you can to the market you are working in. No sense in learning what's working best in the market if the strategy doesn't work for you. Figure out what will work for you and then apply that strategy as best you can to the market. 

Check out the Events in the Networking section of this site, and get to know local investors and real estate professionals as that will really help to shorten your learning curve. Best of luck!

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  • Real Estate Agent · Tucson, AZ · Member since 2018 · 112 posts · 73 votes
    8y

    What is your email? I have a return and expense calculator spreadsheet I can send over.

  • Investor · Chicago, IL · Member since 2016 · 42 posts · 19 votes
    8y

    Thank you so much!

  • Real Estate Agent · Phoenix, AZ · Member since 2016 · 738 posts · 1k+ votes
    8y

    @Taronda Ransom

    Welcome to the Phoenix and Tucson area! BiggerPockets is the right place for you to get started!

    My first piece of advice would be to learn, learn, learn as much as you can about real estate investing, and then you'll be able to determine which strategy is going to work best for you and your situation.

    Lots of money and little free time? Buy and Hold

    Some decent money and more time? Fix and flip

    Little money but lots of time? Wholesaling

    That's a ridiculous generalization but hopefully I made my point.

    Then, once you know what strategies will work for you, you can apply those as best as you can to the market you are working in. No sense in learning what's working best in the market if the strategy doesn't work for you. Figure out what will work for you and then apply that strategy as best you can to the market. 

    Check out the Events in the Networking section of this site, and get to know local investors and real estate professionals as that will really help to shorten your learning curve. Best of luck!

  • Investor · Chicago, IL · Member since 2016 · 42 posts · 19 votes
    8y

    @Tylor Billings 

  • Real Estate Agent · Phoenix, AZ · Member since 2014 · 130 posts · 53 votes
    8y

    Welcome to the area Taronda. Phoenix and Tucson have AZREIA meetings that are great! I would suggest wholesaling at the moment because there are so many flippers looking for properties, so you would have tons of buyers. Let me know how I can help you. 

  • Investor · Chicago, IL · Member since 2016 · 42 posts · 19 votes
    8y

    Can anyone recommend any books that can help me learn wholesaling?

  • Residential Real Estate Agent · Phoenix, AZ · Member since 2016 · 155 posts · 117 votes
    8y

    Welcome to AZ. I can't give you any RE advice for the Pinal area but there is a great trail system in Casa Grande if you're into hiking/biking. I don't remember what mountain it's at but if you ask around someone will know. 

  • Real Estate Agent · Member since 2018 · 77 posts · 36 votes
    8y

    Welcome to AZ!  Love you are ready to go immediately.  The nurse in me recommends drinking more water then you ever imagined :)  The realtor in me says that when you are ready to look for properties - feel free to contact me.   Take care,

  • Investor · Phoenix, AZ · Member since 2016 · 42 posts · 23 votes
    8y

    Welcome to Arizona!  I'm not familiar with Pinal county so I can't help much there but I would definitely recommend Set for Life by Scott Trench.  It's a great book and I thoroughly enjoyed it.  

  • Patrick AllenBusiness Member
    Realtor · Tucson, AZ · Member since 2014 · 241 posts · 139 votes
    8y

    Shameless plug: I run a monthly meetup for wanna-be and novice investors down here in Tucson. We meet on the first Tuesday of each month at 6pm.

    You can find more info here: 

    https://www.biggerpockets.com/forums/521/topics/59...

    If you don't mind driving down we'd be happy to see you there!

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