All Forum Posts by: Daniella Lamis

Gilbert is a great, family friendly area! For more bang for your buck, I'd suggest Queen Creek (borders Gilbert, less expensive, some awesome new communities popping up!). I am an AZ native and Realtor- feel free to PM me for more suggestions! 

Hi Brandon! I am an AZ native as well (Mesa, now Gilbert). I am also a Realtor who works with investors as well. I do have a property manager in mind for myself, and comes highly recommended by my office. Message me if you have any questions or want to work with me, thanks!

The PM company is https://www.onqpm.com/. 

@Justin Phillips We are in Gilbert so I might be reaching out to you regarding Life Changer!!

@chris 

@Chris Davidson thank you!! the refi rates for a cash out aren't ideal IMO so thinking of a HELOC instead.

I've been reading about how to use equity from investment properties as DP for new properties but what about the equity in your current home? Due to low rates, we are refinancing our primary loan for our home and have approx $150-200K in equity in 3 years. Do we cash out some of it while refinancing right now? I haven't seen much about the +/- about using equity in your own home to fund down payments. Thoughts? We plan on keeping primary home as our primary or future rental, so long term investment. Thanks!!

Hi Dylan! We just purchased a new build in Florence, AZ as our very first rental. It made sense to me since most builders offer incentives that pay for most/all your closing costs. And most come with almost everything except lights/fan in bedrooms and backyard landscaping. Our own new build came with all appliances and blinds too. And new builds offer us the peace of mind that most of the big repairs are years away.  I am a Realtor in AZ if you have any questions about our market, etc. 

ETA- many builders in the Phoenix area have waiting lists and lotteries. But a good portion (maybe 25%) are first come first serve right now.