All Forum Posts by: Donald Kellogg
Donald Kellogg has started 12 posts and replied 92 times.
Post: Arizona Multi Family Insurance agent
- Lender
- Phoenix, AZ
- Posts 108
- Votes 41
Quote from @Doug McVinua:
@Donald Kellogg Some of our investors have had good results with Clear Choice @
Clear Choice Insurance LLC20261 E Ocotillo Rd #118Queen Creek, Arizona 85142Office Phone: (480) 719-2812
Post: Arizona Multi Family Insurance agent
- Lender
- Phoenix, AZ
- Posts 108
- Votes 41
Preferred Insurance carrier for multi family units I currently hold? Shopping for 4 plex Thanks Don
Post: 2019 purcahse via 1031 exchange
- Lender
- Phoenix, AZ
- Posts 108
- Votes 41
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Phoenix.
Purchase price: $355,000
Cash invested: $195,000
Bought this as part of a 1031 exchange, under rented @ $2650 a month. Updated 2 units to date and now we have rents at $3900 a month. Soon to update other 2 and rents will be at market @ $4700 a month.
What made you interested in investing in this type of deal?
Went for SFR qt $1500 a month used equity to increase monthly cashflow.
How did you find this deal and how did you negotiate it?
MLS negotiated with owner based off current rents and condition.
How did you finance this deal?
30 year fixed
How did you add value to the deal?
Turned over 2 units to date, few other updates
What was the outcome?
Increased rent to market. $2650 to $3900
Lessons learned? Challenges?
Nothing really be patient and turn over the units correctly with updates needed
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
No
Post: Betting Heavily On Phoenix
- Lender
- Phoenix, AZ
- Posts 108
- Votes 41
@Account Closed will do thank you !
Post: Betting Heavily On Phoenix
- Lender
- Phoenix, AZ
- Posts 108
- Votes 41
@Whitney Bowling always on the hunt. Have 1 closing couple weeks and working with some investing partners also.
Post: Betting Heavily On Phoenix
- Lender
- Phoenix, AZ
- Posts 108
- Votes 41
No Arguements your spot on......it is about supply and demand no matter what else is going on! Well played my friend!
Post: Tell me your why in the cities below
- Lender
- Phoenix, AZ
- Posts 108
- Votes 41
@Marcus Auerbach thank you for the input.
Post: Tell me your why in the cities below
- Lender
- Phoenix, AZ
- Posts 108
- Votes 41
@Brock Mogensen noted thank you
Post: Tell me your why in the cities below
- Lender
- Phoenix, AZ
- Posts 108
- Votes 41
@Tom Ott Thank you sir!
Post: Tell me your why in the cities below
- Lender
- Phoenix, AZ
- Posts 108
- Votes 41
@Andrea Weule thank you so much