All Forum Posts by: Francisco Milan

Hi I’m a new investor that is a new Phoenix resident since January. I’m a travel nurse and would like to house hack my first investment property. Im looking for a 3-4 bed 2 bath home by furnishing and renting out each individual room. I’m seeking advice on what locations would be best to house hack and also would like to know what other investors experience has been like house hacking in the Phoenix area.

My price point is 400k or less and must include a pool. I'm open to a condo or townhome but I think a house would be best to avoid any hassle from HOA. I'm looking to be close to the middle of Phoenix so I'm close to as many near hospitals as possible. Based on what I'm looking for I think North Glendale and parts of North Phoenix are best suited for me. My plan is to hold the property and make cosmetic improvements so I could 1031 exchange it in the future. I would love to hear from anyone that's currently investing in those areas. What neighborhoods would you recommend and what areas to stay away from. Thank you in advance for any advice, I really appreciate it.

If you post the prices, I could help better... But honestly, I wouldn't do postcards, DMM cold calling or texting.

That stuff has a horrible conversion rate especially because you can't target motivated sellers through any list.

I would research Facebook ads and Youtube ads, SEO.

@Francisco Milan

I'm not sure how you're marketing it, but you shouldn't have trouble renting in Surprise. It's a nice, quiet family area where if you're priced correctly and the home is in good shape, it should rent somewhat quickly this time of year.

Your ad should be clear and concise as to what is required so you can eliminate as many tire kickers as possible. 

Realtor.com, Trulia (should feed from Zillow), Hotpads, Homes.com, Rent.com, Apartments.com are some other popular sites as well.

New home development stopped on a dime, which I was in, so i had to take a big step back and when I realized it was going to be more then a few day/week thing, I got busy figuring out how I was going to evolve. 

A few months into it, I recognized this opportunity to put my skills to use, so i started flipping homes. As most said i was nuts I knew I was onto something smart because most were in chaos and clueless so going opposite of the pack seemed spot on. 

Then I learned all about redemptions, and then wholesaling, and kept on flipping. I kept learning, reaching, adding new skills and tools to the tool belt, evolving over and over again. 

I had this motto that I shared when people asked why i was doing what I was doing "because I refuse to participate in a down economy". I said that over and over, day after day, I simply refused to participate in the sh#t side of things. And demanded of myself that I simply make my reality happen, period. 

It was amazing times, seriously. I found the best of myself, and I never experienced a recession, I experienced a boom. For me the recession was "elevator music" at best, something in the background my ears heard and brain ignored.