All Forum Posts by: Kyle Gardner

Ditto Josh. New, professional pictures is a must. Bite the bullet of $100 for photos, fill the unit quickly and you won't lose $1800 for another month being vacant. Maybe drop to $1750, I don't think $1800 is crazy though.

Use chatgpt to rewrite the description. Don't say that "tenant covers electric." Rather focus on what you're doing for the tenant. 

" Owner pays water, sewer, trash."

I have a friend that charges like $85/door/month to manage. He also charges a lease up fee. Up to you though, I manage my own stuff but my question is, how easy is it for people to view the rental with you in Germany? Renters are typically looking to act quickly and avoid any hassle to find a place. If someone's interested, how quickly are you calling them to show them the place?

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?