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All Forum Posts by: Gaston Torres

Gaston Torres has started 3 posts and replied 5 times.

Post: How to track incoming calls for wholesale?

Gaston TorresPosted
  • Rental Property Investor
  • Phoenix, AZ
  • Posts 5
  • Votes 0

Hello,

I just started doing wholesale and I would like to hire a phone service that has the ability to show different phone numbers but all the calls point to my phone.

For example, I would like to use X number for the foreclosure list and Y number for the probate list. If anyone calls to number X or Y, my phone will get the call.

How can I accomplish this? Who offers this service?

Thanks in advance,

Gaston

Post: Building studio in Single Family Zoning in Phoenix

Gaston TorresPosted
  • Rental Property Investor
  • Phoenix, AZ
  • Posts 5
  • Votes 0

Thank you for your replies. I was able to find the zoning category in the city of Phoenix website by using the map. The zoning category is R1-6 and the description Single-Family Res.

My next step is to contact the Phoenix Building and Permits department to learn exactly what I can build. 

Thank you again!

Gaston


Post: Building studio in Single Family Zoning in Phoenix

Gaston TorresPosted
  • Rental Property Investor
  • Phoenix, AZ
  • Posts 5
  • Votes 0

Hello,

I have a property in Phoenix, AZ with a good location and a 8000 sqft lot. There's is more than enough space in the backyard to build a studio which would rent great in Airbnb (or traditional).

However, the zoning category is Single Family. Is there a way I can either change the zoning or legally build a studio?

Thanks in advance,

Gaston

Post: Should I refinance and cash out home equity?

Gaston TorresPosted
  • Rental Property Investor
  • Phoenix, AZ
  • Posts 5
  • Votes 0

Thank you so much for your reply Michael. The information you provided me is extremely helpful. My house is in a good area and I would rather rent it out in the future. Probably the best thing to do is just save money for the next house without selling this one. Thanks again. 

Post: Should I refinance and cash out home equity?

Gaston TorresPosted
  • Rental Property Investor
  • Phoenix, AZ
  • Posts 5
  • Votes 0

Hello BP,

I own my primary home and have about 20% equity on it. 

i.e. Loan: $200k, House worth: $240k

Can I refinance it over the $240k? 

I could then pay off loan, and get the 40k equity in cash. 

Next I could use the $40k to invest in another house.

Is this a good idea? Thanks!