All Forum Posts by: Kyle Gardner

Ill probably keep 3-4 and sell the rest. We've got 10 new ground up projects going right now.

Thanks guys, Im more curious about 3-4 beds vs 2beds. 

Understandable to want 4 units. But for a duplex, affordable 2 bed units, or more expensive 4 bed units? 

I've asked before but the market is always changing slightly. For Phoenix, what's in higher demand? 

-New, affordable duplexes that have 2 bedrooms in each unit? 550k roughly

-Or new duplexes with 4 bedroom units and a garage? 850k roughly 

Get an assumable loan under 4%. Possibly house hack as well but the low rate is worth more than finding a "deal." Feel free to reach out if interested 

Hey Chad, there are different methods of appraisal. Sales/market, cost and the income approach. 

Cost approach would be what it's costs to replicate it, however, cost approach isn't what I think you'd be looking for. 

Market value: Best way would be to run comps and find houses with ADU's in the area. It depends on so many different factors.

Income approach: I think this would be most appropriate for this situation. Take your yearly net income (rents - applicable expenses) from this ADU and divide by the appropriate cap rate. I don't know what area exactly that you're in but likely 5.25% to 6.25% for something brand new near downtown.

I'm a developer, hold my GC license and real estate license and we're building duplexes near downtown right now. Feel free to reach out to discuss if you'd like. 

Have you lived in the house for any of those 5 years? You should take advantage of the personal residence tax benefits. Then invest. 

Hey Ashley, ditto to what was said above. You want a group or someone that knows this side of the market and will take the time to talk to you about it. Plenty of people who say they know multi-family but don't. And plenty that know it but won't take the time to talk with you. So you want both aspects. 

My friend and I have a brokerage and we all sell houses to clients but our main focus is personal investments and building multifamily at the moment. Feel free to reach out if interested. We don't do masterclasses or trainings but get together often to discuss investments.

Great name Kyle. I'm building duplexes and triplexes in Phoenix if you want to chat. I hold the realtor license, find the land, hold the GC license, push all the paperwork through and acquire the money for the jobs. Everything else is done by people I trust. Send me a message if I can help at all.

I hate this answer when I ask a question, but it depends on a lot of factors. 

The last few I've sold in the area are around 6%. Nicer and closer to ASU, lower cap, less nice and a further walk, a little bit above 6%.

Do you have something brand new or needing some work? How big are the units? How close to ASU? 

Hey Jeremy, we do this at our brokerage. Call me tomorrow