All Forum Posts by: Erik Browning

Hi folks, i’m having quite a bit of difficulty finding an available accountant to help me with my rental business. I am in the Phoenix area and the CPAs that I’ve called are either not picking up the phone or have too many clients already. If you are available, please send me a message and I will call you! Call

Hi folks, looking to connect with a contractor that has experience in building multifamily buildings in Arizona [AZ] (≤4 units). Existing plans and knowledge of obtaining permits a plus! Thanks.

Investment Info:

Single-family residence buy & hold investment in Gilbert.

Purchase price: $285,000
Cash invested: $50,000

Lived in this house and made many repairs/upgrades. Finishing up work this July and will rent it out asap.

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

BRRRR

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

MLS using a VA Renovation loan to finance the 1st phase of work.

How did you finance this deal?

VA Renovation Loan

How did you add value to the deal?

Kitchen, Master bath, flooring upgrades. New A/C, updated landscaping, paint, new fixtures, upgraded plumbing, popcorn ceiling removal, new windows, doggy door, pool repairs, pool fencing.

What was the outcome?

Turning into a rental.

Lessons learned? Challenges?

Should have completed all the repairs at the beginning instead of waiting for cash to accumulate. Should have wrapped all costs into the loan at the beginning since I used the VA Renovation Loan.

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

My agent was of poor quality, would not recommend.