All Forum Posts by: Mark Smith

I have $125k in cash and want to start flipping land in Arizona. I’m based in the Phoenix area but a quick LandWatch search shows that Mohave County has the most sales in the past 90 days. 

Any advice on best practices? I’m entirely new to this and would love advice (whatever you think is most valuable). 

The jobs market is cooling, prices are beginning to fall in some areas, rates are high but forecast to stall (not continue to decline), and the economy is not growing very much. 

Where does this put us in the real estate cycle? Are we at a trough? Just before one? Right after the peak? Assuming the forecast rate cuts in 2024-2025 happen and spark price increases, doesn’t that mean we’re around the trough right about now? 

Trying to act on the “buy during the downswing” but unsure if we’re in that period yet. How do you tell what part of the cycle were in right now? (Not exactly of course but approximately)

Hi all!! Thanks for checking out this post. 

I’m from Scottsdale AZ. I have $50,000 I want to dedicate to my first multi family investment which I’ll live in for one year. 

I’m scared of losing my money, here’s why: 

1. Rates are high. I’m worried the property won’t cash flow enough. If I lose my job, I’ll have a big mortgage payment. Yikes! 
2. Property values… Many say prices are going to collapse. 
3. Looks like I can only afford an apartment in a somewhat shady/high crime area. Others are pretty far away from Phoenix (Sun City). 

Here’s the question! Should I be investing elsewhere? Nonresidential commercial? I want to start my real estate investing career as fast as possible but I don’t want to make a decision that’s going to set me back.