All Forum Posts by: Francesca Zanzucchi

Does anyone have a good system or platform they are using to collect rent from tenants? We are currently using RentRedi but there is a long lead time from when the tenant pays to when the money is deposited into our account...sometimes up to 10 days. Does anyone have recommendations on a platform that solves for this issue and is also user friendly for the tenants? Thank you! 

Hey Everyone, I have a client buying a house in Tolleson, AZ. He is looking to rent it as a furnished mid-term rental but the HOA requires a min of 6 months on any lease. Does anyone have any experience trying to get a 6 month renter and know if it was significantly more difficult than finding renters looking for a 3 month rental?

Hey Daniel, 

This is an awesome operation! I know you could find an interested buyer. I think approaching groups like Arizona Real Estate Investor Association would be a good place to start. I am a member and would be happy to post it in the forum for you if you would like. Also, you could post on the MLS. It would be the best place to get the most eyes on it. MLS automatically links to Zillow and Redfin. Feel free to reach out, I would be happy to help.

Thanks Brandon! Just sent you an invite to connect! 

Personally, I am focusing on light flips with seller finance options in Arizona. Projects that only require hold time for 4 - 8 weeks with a 15% min ROI are the sweet spot. Here are some pro's I have found with this approach:

1. Seller finance allows you the ability to get "lending" for a project without having to pay 10 - 11% interest like you would with hard money and the down payment required is typically the same.

2. The length of the project allows me to exit the deal quickly. The last spot I want to be in is halfway through a 6 month flip when something in the macro environment breaks and drastically changes the housing market. 

3. It's relatively low risk. I will not touch a project that requires large improvements like removing walls, reconfiguring floor plans, repairing foundations/plumbing etc.  

4. I have the option to do a cash out refinance and hold the property if it cash flows on the monthly rental rate. 

Obviously, this is a hands on approach that requires my involvement and supervision but I find it enjoyable and rewarding. Here if you want to chat through anything. 

Looking forward to hear what you end up doing. Please keep us all updated! 

Love the BRRR method. If you are worried about the market conditions focus on easy flips that you can get in and out of in 4 - 8 weeks. The last thing you want is to be stuck in a 6 month flip and be 2 months in when something breaks. A little more of a gamble and requires more of your time upfront as you get the renovations complete but it can be a great way to make your cash work quickly for you. I keep an active search on these "lipstick" flips, feel free to reach out and I can start sending them to you.

Keep the loan, 3% is incredibly cheap money. People would pay to have a 3% loan. 

If you can take that bonus money and have it make you 4% +, you're in the green. The key here is making sure you put that money to work elsewhere. Save for a home, or if you are looking for a smaller investment you could purchase another vehicle as a fleet vehicle and rent it out on Turo. I am currently making a 18% return on a fleet vehicle I purchase. 

Having debt is not a bad thing, especially when you have diversified debt ie. credit cards, car loan, mortgage. It shows lenders you're a responsible creditor and can set you up for success when you are looking to make a larger purchase. 

If you haven't already, read Rich Dad Poor Dad. It's a great read to help shift the mindset on debt. Hope this helps! 

Hey Veronika, Congrats on starting your journey! Diving into Real Estate can feel like you're trying to drink from a fire house. There is sooo much information out there and many different approaches to getting started. Everyone also has different goals in their real estate journey. 

I think the community could help you better if we knew the answers to these three questions: 

1. How much money are you ready to invest?

2. What is your immediate goal with this investment? (cash flow, somewhere to live, long term return, a vacation rental you can also enjoy, etc.)

3. Do you have a target market in mind? 

Can I ask who you used for the project. We are looking for a contractor for a duplex build in Downtown Phoenix.

Dax did you end up making the purchase? Buckeye is blowing up. Would love to hear an update