All Forum Posts by: Jackson Harris

Hey Joseph, if you want something passive I would look into syndications in the areas you're interested in. I'm biased to the Phoenix market and think this area is great to invest in, but there are tons of areas around the US that are great to invest in. It really depends on what you're looking to get out of the investment and how long you plan to hold onto it.

A bit, but with all of the chip factories, companies, and new developments coming to town I don't see it softening for long. Add on top all of the Californians getting out of there and moving this way too, we'll see growth over the next 3-5 years+

Hi Argel, congrats you are an inspiration to so many investors out there feeling stuck in their W2 job!

If I was in your shoes I would find ways to streamline your day job so that you are not spending as much time in that role. Free your day up for training in RE and getting real reps with sellers from the leads you're getting and really hone your craft. When you're getting to the point where you feel like you're losing money keeping your day job that's when you go all in in RE. 

Before you get there I would try to acquire a few properties however you like such as creative financing, just to get you some cashflow and to continue to grow your portfolio. I know you want to go full time and jump in, but I'd recommend staying with your day job as long as you can - it makes your life a lot more comfortable to have a steady stream of income to pay the bills every month!

Hey Cosmo my business partner and I only work with investors and have a few out of state investors we're looking at BRRRR properties for at the moment. Can get on and off market as well as connect you with service providers and contractors to get all work done - guys that we've used personally or our clients have had great experiences with.

Would be happy to get on a call and tell you more as well as learn more about what you're looking to do!

Hey Ryan I'd check on furnish finder or airdna to get estimates. You can also go on zillow/FB marketplace to see what other similar properties are renting for around where your place is at. 

Happy to help if you need more guidance, my partner and I have a portfolio of STR's in the area.

Hey Jaimie welcome to BP!

I'm an agent/investor in Phoenix, would love to connect sometime. I run a couple monthly events where you can meet other like minded investors as well!

Hi Duke, 

I think this was and is a great investment so I wouldn't be looking at this as a bad investment by any means. 

I think to answer your question you need to think of what you want going forward. Do you want to scale more and maybe sell this property and 1031 into something else that may cash flow more, or hold onto it because the cash flow is pretty steady it sounds like. 

Knowing what you want to do next will give you the answer of what to do with this property and if you're wanting to grow and get more properties then I would be looking at using some of the equity in this property in Scottsdale to fund some other investments, or maybe holding onto this property since it's cashflowing and waiting to invest in something else until you have the funds.

Hi Kornelius, 

My partner and I have some STR's in Mesa and Glendale. I'd say visitors do usually use more power than you'd think but that does seem somewhat high. We have 5+ bed houses and we're usually a little under $300 outside of summertime.

Welcome to BP Daniel, I did the same move from Seattle down here a few years back! 

Would love to connect and let you know more about the area from my experience as an agent and investor here, I'll send you a PM.

Hey Martin, I did the same thing a few years back - I'm from Seattle and moved to N Phoenix!

In my opinion, holding onto real estate is better than selling in most cases. If you're cash flowing on the home being rented, I would keep it rented and decide what you want to do with it later. Who knows, when you get down here you may be happy you have some extra income coming in. 

I do think the gameplan depends on your strategy though. If you have a portfolio of rentals and want to keep this home as part of your portfolio, go for it and add to your cashflow. If you are wanting to take a big lump sum and put it into an awesome place in Scottsdale then I'd 1031 it. 

I heard a podcast the other day with a host saying something along the lines of "there's 3 phases of investing: starting, scaling, and harvesting." Sounds like you're in the scale/harvesting time so I think you need to determine if this property is something you are happy with the cashflow it would produce as well as the time needed to manage it or hire a property manager, or is it time to take the equity and redeploy it into something more worthwhile like a higher cash flowing investment or creating higher equity in the home you buy down here.