All Forum Posts by: Corvin Ty Walker

Hello Keegan, 

Would love to set some time to talk. Every brokerage is going to have pros and cons, it really depends on what you're looking for and what your long term goals are. I hang my license with EXP, my mentor Greg Moulton owns a company VacayPrime. We strictly specialize in investment acquisitions and management. I've learned in my 3 years of lending and now my brief time as an agent, that the riches come from niching down. 

Here's something to consider and look out for... Get into a brokerage where you're going to have access to top producers, access to things that you're interested in. What is it that you specifically want to do. These are all the questions you should ask and then form there make a decision! I respect that you're taking this first year to pursue knowledge... this will make the difference in your career! 

If you're still interviewing, our office is located in north Scottsdale, would love to make an introduction for you and see if we could provide a ton of value to you in your pursuit as an agent! Best of luck either way man! 

Investment Info:

Single-family residence buy & hold investment in Phoenix.

Purchase price: $1,275,000
Cash invested: $400,000
Sale price: $1,275,000

This Modern Luxury home lays right up the street from the coveted Arcadia and Biltmore destination. A perfect retreat to enjoy the beauty that downtown Phoenix has to offer!

What made you interested in investing in this type of deal?

The location and the modern style. Once we add a pool, the figures reflect an impressive 9.6 cap.

How did you find this deal and how did you negotiate it?

We found this deal on the MLS. I was using it as an example to the design, I pulled comps and had a feeling it would comp in at 1.2, (It did) i knew to be competitive against the other offers that at 1.275 we where going to be ahead of most other offers after speaking with LA, and we put in another 50k escalation clause.

What was the outcome?

We beat out 7 other offers, closed the contract, and built an incredible relationship with the listing agent.

Lessons learned? Challenges?

Trusting my gut, as well as leading my clients with the proper expectations. My clients wanted to offer 1.25 with an appraisal gap. I said 1.275 with waiving the appraisal. Come to find out the other best offer was 1.275 with an appraisal gap. The difference between locking up this amazing home vs not, came down to the appraisal contingency and having enough trust built with my clients to have them listen to what needed to be done

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $985,000

Finding the perfect home in this Market isnt easy. But we did, The Scott is a perfect example of how a 5 bed 3 bath house can perform in the STR market. Our investors picked this home up for just shy of 1million, at a cap rate of a whopping 15.16%. The Scott is projected to Gross 223,000 annually, while also in an area thats averaging 18% percent annual equity increase.

What made you interested in investing in this type of deal?

Perfect location, and an exceptionally high cap rate.

How did you find this deal and how did you negotiate it?

MLS listing, figuring out exactly what the seller needed, and accommodated the lease back request.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $770,000

Welcome to "the Palms" this luxury Short Term rental is in the heart of the Kierland commons in the stunning Scottsdale Arizona. This stunning home is sporting a cap rate of 9.7% with an overall cash on cash return of 18%. Our investor is projected to gross 120,000 a year with this incredible home.

What made you interested in investing in this type of deal?

Cap rate of 8% + and Cash on cash return of 15% + Location in a high appreciating market.

How did you find this deal and how did you negotiate it?

As a licensed agent who specializes in acquisitions of Luxury short term rentals, we where able to leverage the MLS listing service, and with access to all the investor tools, where able to make sure that the cap rate and cash on cash made sense in order to put in our offer. The key item that most people miss, is finding out the sellers needs. It was simple once i knew exactly what the seller require in order to lock the contract up.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes Kim Boyko (Stallcop) with 1st Security bank!