All Forum Posts by: Kyle Karges

Sorry I'm just looking into this myself.  Was looking to trade up to multi in Mesa but I'm finding multi units are priced relatively high right now.  I don't know what others are thinking about it though.  

Hi Sara, 

I'm an investor in Mesa and I'm planning on selling a few single family houses we bought when the market was low and use that cash to help move into small multifamily. The obstacles I'm running into are there are so few especially in the east valley, and of course trying to find them in a decent area.  What helped you find yours? 

Hi I am a real estate investor in the Mesa area and I've decided to get my license to have access to the MLS and maybe do a few agent closings a year. Looking for a Broker in the area to hang my license with for hopefully no cost except the commissions of course. Let me know if you know someone that might be interested. Thanks!

Looking for small (up to $1 Million) multifamily properties in the Phoenix area with a value play.  We can pay cash for deeply discounted properties but our focus is truly seller financing.  We can offer Full or Over asking price when we get the terms we need and can close quickly. Visit us at our website or msg me here.

Hey @Jeff Adema. I'm in Mesa with only 2 properties looking to get into multifamily as well. I wish there were more multifamily especially to choose from but I guess that means we just need to look harder. What size of buildings are you looking to acquire?

@Marcus Mccluster

 Are you getting any calls or contacts with any of them?  Or have they just not turned into deals yet?

@Kriss Pavik

 I'd go to the local reia and talk to those also doing rehabs.  Ask them if they know anyone looking to place more money.  You can be surprised by how many will share their source.

@Diana Luna

 You do kinda of sound all over the place.  I would focus on what your objective is.  I know you want to quit your job and it sounds like you definitely want to accomplish that through real estate.  The good news is real estate can definitely get you to that point.  You need to decide which method in real estate you would like to use.  Are you going to flip houses?  Buy and Hold?  Create a detailed plan and you will be a lot more likely to be successful.

@Derone Patterson

 It isn't ideal to let the person know your the owner but when your living next door it is also soo much harder to have them think that long term. You don't want them to think you lied.  Whatever you pick you need to stick to it.  Are you the only owner?  One option is to always speak about checking with the other owner.  Hope that helps.

@Chris T.

 The very first thing I compare is cash flow.  Since it's the same either way I see why it's a more difficult decision.  An additional house does increase the work load, calls, taxes & legal fees as just reminders.  Hopefully you are already taking those into account as your analyzing the cash flow.  The second thing I would look at is the market.  If the market is on it's way up and there be a 5% growth for example.  It would be better to get that growth on 2 properties rather than just 1.  I would examine what your primary objective is and make the decision from there.