All Forum Posts by: Bryce Deeney

04-17*

@Rob Massopu 4/117. The money makers will offer these in any market, but the lower their stock goes the higher premium you pay. Be cautious, the price has already gone up several hundred percent in the past 10 days,

I put a large put option on Zillow two weeks ago. Not because I want the housing market to fail, but because I believe it will, and hard. 

• Phoenix has less than two months supply
• Prices continue to increase month-over-month
• Interest rates are at historical lows
• Outside investors keep lining up to buy

Reality is, you can always find a deal in any market, but all of these factors make it that much more difficult. In your price range I would consider looking at the outskirts of town for SFHs, or condos and townhomes in Phoenix or Scottsdale. You will have a very difficult time finding a Multi Family property below 350k that is in a B- or better neighborhood. Appreciation is likely going to be very fun for long term investors over the next decade or so. 

Scottsdale has a lot of different options. Previous posts mentioned Grayhawk; similar neighborhood up north is DC Ranch. Desert Ridge is good for access to the top 101 loop and shopping. Kierland (85260) is my favorite neighborhood, as they are over-sized properties (I currently own an acre lot here) with 80's custom builds; the entire neighborhood is on fire with massive rehab projects and prices are skyrocketing as net migration continues to buy here. The cheaper properties are in South Scottsdale, although it's still more expensive than the rest of the Phoenix metro area. Where someone buys in Scottsdale should depend on what they are looking for: 

No crime? Best Schools? Best access to shopping, golf, or airport? Larger lots? HOAs (or lack-thereof)? 

I'm happy to provide any additional information and answer questions your friend might have. I'm not an agent but am very well connected with some of the best agents locally; and I know the area very well and am happy to provide free assistance.

Best of luck! 

If I were you, I would hyper focus on raising your income and savings over the next few years. Don't feel rushed into buying property. Learn to increase your income to 50k+ in the next three years, while living as cheaply as possible. You can do this a lot of different ways. When I was your age (I'm 32 now), I sold alarm systems / smart home automation systems door to door in Phoenix. Ended up making an extra $500-$1,500 per Saturday. Saved 100% of the money. Bought my first house at 23, flipped it when I was 27 for $60k profit, rolled it into a 500k property, which I'm about to sell for 1M 5 years later. Without the income and savings, you are pigeonholing yourself. 

I'm an executive for a financial institution, and run credit card portfolios. Here's a list of some of the best (in no particular order) that will all be tied to your corporate TIN and assist with building your business credit, while providing additional cashback on your spend. 

Capital One Spark Card

American Express Blue Business Cash Card

Chase Ink Business Card

Discover it Business Card

Bank of America Business Advantage Card

Like any other niche products, mobile rentals have plenty of competition and people spending their time/money of them. I personally choose not to spend my time here as I want lifetime "set and forget" investments, where mobile homes take a more hands on approach; the units depreciate and need to be replaced over time. Houses don't. 

That's a great retirement strategy! I've been thinking about something similar - having my 'end game' be a bunch of STRs in Scottsdale, Florida, Colorado, and Canada. 

Title says it all! My current GC is getting too much work and I need additional contacts. If you have any GCs in the AZ market looking for a lot of work, please let me know who they are!