All Forum Posts by: Justine Phillipson

My rentals are in South Bend, Indiana. They have been great!

 I'm going to send you a message!

Hi Bigger Community.

I am an experienced investor's agent looking to grow my network of investors. Are you looking for your next investment property? I work with the largest marketplace of investment properties in the country! Many of our deals are off-market and exclusive for my network. Send me a message if you would like to access my inventory!  

Adam, are you looking for a property that is turn-key ready? Or are you open to doing rehab work? I have a very large marketplace of off-market discounted investment properties! But they will need some level of rehab done

 This is a really great strategy! I will check it out. I see you're in San Diego, I used to live there! How is the rental market out there? Home prices have gone up so much in San Diego, but so has rent. Are you still able to cash flow?

Hi BP community, 

Would love to hear your opinion on the best area to invest in single family rentals in the greater Phoenix area? I have a lot of clients interested in the BRRRR strategy, but struggle to find properties that can cash flow from this strategy. What part of the valley are you finding lucrative for single family rentals?

Hi Gene, 

As a real estate investor and an agent for New Western, I will share my perspective. 

1) Don't ever buy a property if you don't feel confident in the deal. Don't just buy it to give in to pressure, buy it because you're excited and certain that it's a good investment. If you are unsure about that deal, there will always be another one. If you feel like you can't trust your agent, then ask to work with another agent that makes you feel comfortable.

2) Remember, it's an investment. It's all about the numbers. New investors often feel attached or emotional in their decision when deciding on a property. But this isn't a house you will live in, and it's important to just look at the numbers. If the numbers make sense, and you see the vision- then it's time to pull the trigger and lock it in!

3) It's VERY common practice to have a non-refundable deposit and no inspection period when buying investment properties. That's why they are discounted. If it's something you don't feel comfortable with, then I suggest getting a residential realtor and going the traditional mortgage and MLS route. But you won't be getting as good of a deal. Bring a contractor with you if you're going to walk a property.

4) Our deals move FAST. Every property that I have sold with New Western, we had it in our inventory for less than 24 hours.

5) I personally bought all 3 of my investment properties sight unseen! No regrets, but I did all my due diligence on the front end and was lucky to not have any surprises.

I absolutely agree that you should take advantage of your equity and invest it to grow your wealth! I personally would do everything possible to be able to turn it into a rental. Especially because it will cash flow really nicely, which isn't easy to find in this market.

Hi Teena, 

I think there are a lot of really great options in the greater Phoenix area! Arizona in general is a very hot market for MTR due to a lot of seasonal visitors! 

 All really valid sticking points. Cash flow is really difficult for many markets right now. In Phoenix, cash flow and buy & hold used to be the top investing strategy. But there's been a major shift in investor strategy adjusting to the market and now 90% of the investors I work with will only do flips, and then they sell it. 

I'm going to send you a private message. I would be really interested to learn what markets you're targetting