All Forum Posts by: Jonathan Hughes

@Doug

@Doug McVinua I think that would be helpful. I am looking to see the options and I know the larger companies are a number basis but also provide some good options due to volume. I am in the Gilbert, chandler, mesa area and would be happy to talk. I don't if its easier to get an email and I can send info on that and we can maybe chat and I can discuss your experience with the rental market in this area. 

@Doug McVinua Thank you for that information. I am leaning back and forth on using a company or not. It seems like the easiest way to move forward but looking online some of the bigger name companies charge quite a bit for placing a renter and for management. Is there a difference between using a larger corporate management company vs a smaller one? Also any suggestions on property management companies you would consider in arizona that are not the typical large ones you hear on the radio?

Thank you 

Jonathan 

HI, 

I am moving due to work and will be looking to rent my house out for rental income. I have thought of and tried over the years to start renting as second income by purchasing another house but it never came together and with me moving to another state I figured this would be a great time. I was wondering if anyone in Arizona had advice or points of interest when looking for a rental agreement to use based on state law? Anything to be aware of, or advise to help make it a smoother process. Also open to any advise of lessons learned for the Mesa, Gilbert, Chandler arizona areas. 

Thank you 

@Account Closed Thanks for the info and ill be looking into it. 

@Account Closed That is an option that has come up today as I have been talking with people. My main question with a HELOC is how does that work with the lender for the investment property. Will they want to see the 20% down in my bank account for a few months before the loan process starts or are they usually ok with knowing its coming from the HELOC? And I have about 40-45K equity in my current home which I don't really want to refinance as its at a competitive rate.

 I would agree and would like to understand that statement as well. I know they look at 2 month of statements but why would you not need to for a heloc as a downpayment?

Im looking at buying my first investment property and trying to figure out best way to get in with limited cash. I have a primary home but its not currently an option to rent it out and finance a new property under FHA. The property is too close to be a second home as well. Any suggestions on how to get into the investment/ rental market with little down. Credit score is not an issue and little to no debt on the books. Im in the Arizona market

Thanks