Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Marcus Mears

Marcus Mears has started 1 posts and replied 3 times.

Post: AZ Investors/Mentors Welcomed

Marcus MearsPosted
  • Mesa, AZ
  • Posts 3
  • Votes 5
Quote from @Account Closed:
Quote from @Marcus Mears:

Saying hello to everyone from Mesa, AZ! I am new to the group and just wanted to introduce myself. The wife and I started out at the beginning of the year by binge watching/listening to the Bigger Pockets podcast and have reached a point that we need to put ourselves out there, and connect with like minded people to begin our conquest. We are looking to purchase a Multifamily (duplex,tri,quad) home either in the Phoenix or Tucson area, with the intentions to "house hack" with low down payment products(I'm a veteran so VA, FHA, different creative financing ways.) Our greatest concern would be having/raising the capital needed, the lack of knowledge when it comes to land lording, and just the general process of buying a home. Now with that being said we do have some Capital, we are reading a couple different books on becoming a land lord, as well as continuing to grow knowledge and the tools in our tool box to be able to negotiate a deal to work in our favor and then closing on that deal. We would be willing to possibly JV into our first deal to get to know the ins and outs but are also up to private money lending to fund the deal and negotiating some kind of equity return or if the numbers are right, a percentage of the cashflow or maybe even both depending on what type of property we ultimately obtain. We are very flexible. I know that this was long winded and I appreciate you reading all the way through. Our main goal is to connect with individuals and/or different teams to discuss how we can help you, help us. Thanks again for this awesome group, looking forward to this Journey!


 Welcome. You may want to go to AZREIA.org meetings in Phoenix. Lots of people (2,000) in real estate and it's about $20 a meeting. You can learn a lot and meet the right people.

I will definitely check that out, thank you!

Post: AZ Investors/Mentors Welcomed

Marcus MearsPosted
  • Mesa, AZ
  • Posts 3
  • Votes 5
Quote from @Scott E.:

First and foremost, thank you for your service.

Regarding your venture into your first deal, sounds like you are overloaded with ideas and strategies from all of the podcasts and books. They got your wheels turning which is a good thing, but for your scenario, I think you need to go back to the basics.

Find a 2-4 unit in Phoenix or Tucson. Use your VA loan to finance it (no money down). Live in 1 unit and rent the others out.

In the meantime continue your studies, and focus more on the landlord aspect of things since you are about to be a landlord. There's not much to it. And if it gets overwhelming or you don't end up having the time to be a landlord of several units, remember you can always delegate everything to a property manager.


Thank you Scott for the kinds works as well as replying to my message. I agree, I also believe that is has our biggest window of success with just getting a 2-4 unit with the possible VA loan option. I think we are creeping up on the analysis paralysis syndrome and wanted to shout out what we had going on in our heads and you are just confirming we are on the right track. I thank you again for reaching out and look forward to going back in fourth in the future after we take our first step in actually landing a deal and trying to scale because long term wealth is our goal.

Post: AZ Investors/Mentors Welcomed

Marcus MearsPosted
  • Mesa, AZ
  • Posts 3
  • Votes 5

Saying hello to everyone from Mesa, AZ! I am new to the group and just wanted to introduce myself. The wife and I started out at the beginning of the year by binge watching/listening to the Bigger Pockets podcast and have reached a point that we need to put ourselves out there, and connect with like minded people to begin our conquest. We are looking to purchase a Multifamily (duplex,tri,quad) home either in the Phoenix or Tucson area, with the intentions to "house hack" with low down payment products(I'm a veteran so VA, FHA, different creative financing ways.) Our greatest concern would be having/raising the capital needed, the lack of knowledge when it comes to land lording, and just the general process of buying a home. Now with that being said we do have some Capital, we are reading a couple different books on becoming a land lord, as well as continuing to grow knowledge and the tools in our tool box to be able to negotiate a deal to work in our favor and then closing on that deal. We would be willing to possibly JV into our first deal to get to know the ins and outs but are also up to private money lending to fund the deal and negotiating some kind of equity return or if the numbers are right, a percentage of the cashflow or maybe even both depending on what type of property we ultimately obtain. We are very flexible. I know that this was long winded and I appreciate you reading all the way through. Our main goal is to connect with individuals and/or different teams to discuss how we can help you, help us. Thanks again for this awesome group, looking forward to this Journey!