All Forum Posts by: Jackson Harris

 Hey Jeff, welcome to BP!

I'm an investor and agent here in Phoenix, I'd love to connect sometime. Feel free to reach out!

 Hey Chase I put on a real estate forum monthly, feel free to reach out and I can send you an invite! 

Outside of my own, I like to go to the AZREIA events. Typically they aren't trying to sell you courses and you can actually network pretty well. You'll get a lot of realtors and lenders there, but that doesn't mean they aren't investors and there are also just investors there as well!

Welcome to BP Andrew, good to see another from the Phoenix Metro!

@Ivory Hayes 

I mainly work with out of state investors, connect them with my service providers/contractors, and help them sell or rent. 

I'm an investor and agent, not a property manager, but I'd be happy to connect you with great contractors to get the work done and refer some property managers my clients like. 

Keep in mind PM's are going to take 10-20% of your profits, and managing an LTR with not a ton of turnover from afar can be easier than managing an STR from afar. If you can manage from out of state I would highly recommend to save your profits, but if your investment can still cash flow well with a PM in place - by all means go for it.

If you need a team to help out and manage yourself feel free to PM me.

Hey Kyle welcome to BP!

I like the strategy here of trying to pickup properties from opportunity situations, thank you for your service, and glad you can utilize VA loans!

Definitely can find some STR's in Glendale for your price point, but you'll be looking at putting in some sweat equity to get it a little nicer/unique for STR guests. Renting by the room on Airbnb is tougher than just renting by the room long term while you're there, but just throwing it out there it may cause some headache.

Have some close friends in the STR space and Glendale can be a great area, just need to make sure the major systems are locked up and have been serviced/replaced regularly.

I would recommend saving your VA loan as much as possible, just in case a great deal comes up you want to use that for in the next few years if you can. If not it's not the worst to use it here in AZ as well.

As far as profits, you can definitely turn a good profit, but the tax benefits I think will be more enticing for you in the short term. Being out of state I'd recommend using a property manager or being prepared to manage from afar and just have the right service providers in place to handle issues. If you self manage you make a profit, if you use a property manager - that typically takes most of your profit but you're getting great tax benefits to weather low cash flow for a few years until it picks up more. 

Happy to talk more about it with you sometime, I'll shoot you a DM!

@Audris Tien I'd be happy to recommend a few for you, PM me!

@Henry Hsieh You are definitely in a good spot to be in for the future!

At this point, you have a few options but it sounds like your time is valuable and something you want to keep, based on being worried about the headache of managing multiple smaller properties vs a few bigger ones. 

In my opinion, like stocks I would be diversified between some mfh and sfh. Doesn't have to be all commercial either, small multifamily still does well out here in AZ. I think a good mix of your appreciating SFH's in good areas, mixed with MFH in appreciating neighborhoods is great, can even get undervalued MFH and SFH out here.

But overall your portfolio should match what you're wanting out of it. Do you want to be hands on managing them all the time, then self manage and keep buying MFH, if you want to consolidate you can, or trade into higher cash flowing SFH like STR's. There's not a right or wrong, but optimizing the portfolio to match your lifestyle is definitely key.

Hey Da, sending you a PM!

I'm an agent and wholesaler that specifically works with fix/flippers in the Phoenix area. I'd be happy to tell you more about this market and also give you some tips to grow your education!

You can text or call me as well.

 @Courtney Willess It definitely can be done, but of course there's tradeoffs and it's up to you in the end what makes the most sense for you and your kids. I've seen houses all over Phoenix and Mesa that have a main house with some units in the back, or small multifamily as well. 

Separate units/yards could be nice for your family to have some more privacy while still collecting rents. I'd be happy to show you the areas I target for multi-family in the area as I'm always looking for my clients and myself!

Hi Hamidou, 

First off I'm sorry you're in this situation, I've heard it before!

If the contractor has been paid already then I would bring in another that is willing to help, but for many it won't be worth their time. If he's not fully paid, make sure you have in writing anything that is left or get confirmation of final payment. Don't want them coming back and trying to put a lien on the place.

To save you some money I'd bring in an architect to see what is need to get it all permitted or what they can get pushed through without. I have one if you need a contact. 

Otherwise, yes I would start bringing in other contractors to get this taken care of so you can move on! May be more than you want to spend today, but it'll save your headache in the long run