All Forum Posts by: Josh Nicolson

I agree with Aaron above. 

Purchase the property. Then create and LLC and deed the property to the LLC, which is easy (my title company does it for free and takes ten minutes).

But you don't really need to create an LLC if you don't have a ton of other assets.

Best way to protect yourself is to used licensed contractors and take appropriate precautions (i.e. smoke detectors in every room/hallway etc.).

don't stress about a business plan. I would contact George Sealy at priority lending.  He is probobakg the best mortgage broker out there to help you qualify for the loans you are looking for. 

There are a couple big flippers but they do single family. but I don't know of any big turnkey rental players. 

I think it's just too hard to find enough off market deals to create the critical mass for big turnkey players due to competition. 

The off market deals I get. They all seem to get tons of mail flyers. So there's a lot of competition already. 

Im somewhat successful because I'm a bit old school. I cut turf, knock on doors and im able to connect with people.

When the market gets saturated it's quality of interactions (handshakes) vs quantity of interactions (mass mailers).  Although I'm sure there are mass mailers in Tucson that do much better than me. 

Yeah ryan, they are moving in closer to UofA. they have built a large number of high rise apartments in the area in the last five years, which has put on a little more pressure on the surrounding area for the same students. 

It's not all bad though because the downtown area is getting infilled with higher paying people/jobs, which is pushing some of that rental demand eastward. 

I would also aim for $1100-1200. Freshly remodeled, I would say $1300 might be possible but I think $1100-1200 is more reasonable. 

I don't think I would consider this a "UofA area". Due to all the high rise apartments popping up. I would say the "UofA area" is contracting in geographic size (except a small sliver of area along the new rail system; which actually further contracts the areas not near the rail).

I wouldn't spend the money on those programs. 

Biggerpockets is all you will need. 

For the most part I think you will have a hard time finding SFR's that hit the 1% rule, unless you buy in south Tucson.

Ricardo solis is his name. Pm me and I can get you his contact info. 

For a flip In more complex jobs I use granite guys. For 9 linear feet of counterspace and a cutout for a drop in sink expect about $600-700 in labor and $130-400 for the granite depending on what kind of granite you go with. 

For my rentals I use my own crew; which ends up costing me around $200-250 in labor and I spend $130-220 on the granite. 

If you do drop in sinks it's a super easy job, I tought my crew how to do it.  For an undermount sink you want someone with a bit more skill and patience and make sure they had the right tools. 

I'm not an agent, but you should be able to ask your broker that question.