All Forum Posts by: Jackson Harris

 Hi Nicholas, congrats on the investment! I have a few good ones my clients use here locally, feel free to reach out.

 Hi Jason, welcome to BP! There are areas you can find cash flowing properties, but definitely depends on the amount you're willing to put down and if you can buy off or only on market. 

I have multiple clients I've found cash flowing properties for and would love to chat about it, I'll PM you!

Hey Josh, was looking into the same thing earlier this year. My business partner and I are investors in the area as well. Would love to grab coffee soon, I'll send you a PM!

Hey Paul, just sent you a PM. Would be happy to connect about the Phoenix market!

My partner and I have done 2 of these in the last 2 years for ourselves as well as for our clients. Happy to get on a call and discuss how it works and connect you with tax professionals we've used. 

Feel free to text me and we can setup a call.

 Hi Jennifer,

I own a few STR's here in the Phoenix area and do really well. My partner and I have a very specific buy box to make sure our investments will give us the return we're looking for.

At your price point there's a few areas that you could get into, but you'll need to keep in mind you'll need to have some extra funds for making any renovations you might need to maximize the property. 

Feel free to reach out and we can get on a call!

Hey Thomas,

I'm an investor and agent here in Phoenix. My partner and I own a portfolio of STR's here as well as do flips and mainly work with fix and flip investors.

Right now in the market we're seeing 50% of sales coming from the $350k-$550k sales price point and another ~25% of sales coming from the $1.8M-$3.5M range. Knowing that you'll have a good amount of eyes on the property at your ARV of $3.5M, I think you would be able to get it sold in a decent amount of time and save some holding costs.

Rates are coming down, but in that price point most buyers will be coming with cash or don't care about the rates as much. 

So yes I think this is a good deal, not sure how many partners you have on this deal but I think your decision depends on how much each of you need to make on the deal for it to make sense and how quickly you all want the return. 

As an STR you can definitely cash flow but you'll just need to make sure you can make that balloon payment. After that, this seems like a really great return on your investmenrt for the long term as an STR. So again, I think that comes down to, are you all prepared to make that balloon payment, can you hold on and get to where you have "passive" income coming in from the STR, or do you want to get in and out quickly to make a good chunk of change.

Would love to connect sometime, feel free to reach out. I'll send you a connection!

 Hey Daniel,

I'm personally in the Phoenix market and invest here myself. I think it really depends on what you want, do you need high cash flow or just quicker appreciation? 

Down here you can definitely find both. If cash flow is key for you then you could get a short term rental for a decent price, long term rental cash flow may be harder to come by but you can find it. 

My partner and I have a few str's here that cash flow really well. Would be happy to talk with you about what we've done as well as our experience working with out of state investors in AZ.

Or get into flips, with $100k and hard money there's tons of properties here you could make some money on.

With $100k in this market there's multiple routes to go. For me I'd like cash flow so I'd buy a place to turn into an airBNB in an appreciating city here, and generate enough income to buy another in a year or so. Rinse and repeat!