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All Forum Posts by: Eric Maschue

Eric Maschue has started 2 posts and replied 2 times.

Post: Has Anyone BRRRR'ed in Phoenix AZ?

Eric MaschuePosted
  • Phoenix, AZ
  • Posts 2
  • Votes 0

Hi Everyone. I'm new and very eager to start investing. I am very interested in the BRRRR strategy but it seems like refinancing in my area would ruin any deal because the new mortgage would ruin the cashflow in almost every neighborhood.

I'm sure people have done this, so I'd love to hear where you guys have succeeded. 

I have been analyzing mostly 3/2 single family homes in the Phoenix metro areas.

I'm not worried about finding a deal, I am just worried about not being able to pull out my money and keep cashflowing.

Has anyone successfully done a BRRRR recently in the Phoenix area?

Am I just looking at the wrong product? should I be focusing on multifamily? 

Thanks!

Post: Off of what our small multi family homes

Eric MaschuePosted
  • Phoenix, AZ
  • Posts 2
  • Votes 0
Newbie question: I heard varying answers to this question, but what is the basis of small multi family home value. I've heard some people say that once you get into multi family rather than single-family the comps are based, not on the neighborhood or other houses around it, but on the income you can make. But I've heard other people say that four-plexs and below are basically still comped in the same way as single-family homes. What's the real answer?