All Forum Posts by: Cole Maurer

Hello,

I am searching for short-term rentable condos in Scottsdale. I have found a couple but have a client extremely interested in STR a condo. Do you know of any in Scottsdale without minimum rental restrictions?

Thank you,

My advice would be to purchase and read the BP book "Long-distance Investing" and start there. As for choosing the market. In my opinion, determining factor 1 would be the price of the home you are looking to buy. If you are limited to lower-priced homes than some of the higher-priced cities then that will help determine your start. If no budget concerns and you can buy slightly more expensive homes I would look at the top states currently being relocated to and choose a sub-market within that is slightly on the outskirts so that you can grab something of good value and have the city grow into your area for long term appreciation. Good luck to you. I hope this helps some! 

Hello All! 

I am looking for an experienced General Contractor to learn from and work under. Other than a summer of painting homes, I do not have any formal construction experience but I am very familiar with tools and a quick learner. I have done several DIY projects and I am pretty fluent in working on vehicles. I do have my own tools I can bring and use. I own a truck and it is reliable. I already drive all around the valley for my current career so I am flexible on location. I am looking for something part-time preferred and no weekends. I am looking to gain experience and learn the various crafts of the trades of construction, and home building/remodeling.  Roofing, framing, windows, doors, trim, plumbing, electrical, sheetrock, mud and tape, painting, kitchen, countertops, flooring, structure, etc.. I am open to negotiation on pay and days of work needed. I also am a licensed real estate agent with market knowledge, connections, and strategies that could be potentially helpful for your business I would be happy to collaborate with you. 

Please reach out if you have any questions at all. Thanks for your time! 

Hi Kerry! 
An owners title policy is definitely recommended. I would recommend connecting with a title company in your area. Ask a local real estate agent for a recommendation if you are unsure which one to choose. They should be able to help you! They will also help you understand what your current policy is and what it covers for you. 

Hope this helps! Best of luck! 

Hey Ben!

Connect with a local real estate pro! They can provide you 5+ years previous tax history. Also, how much taxes have increased year over year. They also will provide taxes for the current tax year, and they can help you understand how taxes are calculated on properties in your area so that you can project what they will be after you take ownership and the years to come. 

Hope that helps! Good luck investing! 

Hello my fellow agents! I’m looking to build on my agent referral network for agents out my state or specialty! Let’s send some deals to each other! 

I sell primarily in Scottsdale, AZ and as you may know, Arizona is a giant melting pot of people from all over the country. (Usually cold states 😂) I meet non-residents buying and selling here on a daily basis! Connect with me for your referral fee for any clients you have coming to my area and I’ll reciprocate with you! 

I primarily sell luxury homes but have experience selling investment properties such as , short term rentals, long term rentals, flips, BRRRR's, small multi family and small commercial property!

Let’s connect! Add me on BP and let’s swap information! Have a great day! 

Hi Jacqui! 
I haven’t heard of a lower rate when the situation is exactly as you have explained. However, could you mean because you will be living in the property you are buying, you are eligible for home owner rates and down payment options? When you owner occupy the property you get more flexibility on rates and down payment options. This is as opposed to investor loan rates and 20% or more down payment requirements on non-owner occupied investment property. Definitely something to consult with a local lender! Try the network tab on BP to connect with a lender in your state. Most lenders are happy to chat with you and help sift through your options! 

Good luck investing! 

 Hi Mohammed! So the title company acts as a middleman. They don't have control over who receives the funds. If there is a dispute they can ultimately have the final say, but they would prefer mutual agreement between both parties. That's most likely why they want the seller to also sign the release of your down payment. It's possible the seller could be holding out because they are preparing to either notify you of the breach of contract and to give you the option to perform. Also, the seller may be preparing a suit for damages caused by non-performance. When someone backs out of a property on a seller without using the normal channels like a contingency. The seller may have damages caused by this decision. Meaning they could be under contract on another property and won't be able to complete the purchase without these proceeds or the proceeds from this sale are committed to another project/investment. At this point, if the seller is still withholding their signature. You can also have your real estate agent's designated broker get involved as well if they arent already. I would highly advise that you seek legal counsel. I hope this works out for you! 

Sounds good. Thanks for the reply! 

Connect with them and ask them qualifying questions based on the type of investments they’re looking for. Collect their info, stay in touch and eventually bring them a deal. You’ll find out quickly who’s ready and who’s not. However that doesn’t mean they aren’t real. Money could be tied up or they are aspiring. But as someone else mentioned, they may have someone they know. That aspiring investor that may not seem real could end having the grit and hustle to get it done too though. Find the deals and the buyers will come. Always collect proof of funds for a seriously interested party, their word isn’t enough. 

Good luck!