All Forum Posts by: Melanie Johnston

@Safak Tekin Welcome to you and your wife!

My seller's listing in Scottsdale just sold to a CA investor who plans to F&F.

Tell us your "buy box" and I'll keep my eye out for you!

Melanie

@Jonah Rudy If Metro Phoenix is on your radar, I'm happy to share what our market offers to see if the numbers work for you. Easy to get to and continued economic growth are two advantages!

Just got an interesting email promoting an upcoming webinar on how to start an LLC in Arizona. I see a lot of questions about this, so thought I would share the details.

(I attempted to add the link to register for the webinar below, but the link is not working, even when I shorten the URL. If you want to DM your email address, I will forward the email I received from the ACC, which does work).

"Join us for our FREE tutorial and Q&A - straight from the source. We know best how to start a business in the Grand Canyon State!

An Official Training from the Arizona Corporation Commission

Hosted by Director Tanya Gibson and Assistant Director Joey Ordonez

What to expect from this hands-on walkthrough:

UNDERSTAND THE MINIMUM REQUIREMENTS

We'll clear up the confusion and help you navigate the fundamentals of starting a business

GET TO KNOW MEMBERS AND MANAGERS

Discover how each role contributes to the functioning of your LLC

LEARN THE ROLE OF STATUTORY AGENTS

We'll explain the importance of these individuals and how they help your business stay compliant

SUBMITTING AN APPLICATION

We won't just tell you how to fill out the forms, we'll show you! We'll guide you through the entire process, step by step, from start to finish

TUESDAY, JULY 18TH AT 12:00 PM

Hi @Jenny Kao

As an agent in Metro Phoenix, I work with a lot of BP investors...for both LTR and STR.

Since you know the state, you probably know that our economic outlook remains strong, with new companies and new residents continuing to migrate here.

You have a lot of options, including lower-priced SFR in outskirt/commutable communities.

Best of luck in your hunt and let me know if you'd like to explore AZ more. 

Melanie

Hi @Gree Raj congratulations on diversifying outside of TX.

With the new Taiwan Semiconductor plant debuting in NW Phoenix, also spurring the growth of supplier companies, I would look at Peoria and North Phoenix along the Loop 303 corridor (west) as long-term LTR opportunities. Other North Phoenix neighborhoods could be good options as well.

There are still affordable spots and also other economic drivers that make NW Phoenix worth a look.

We have employment centers all around Metro Phoenix, so there are other areas you might want to consider. Chandler, Gilbert, certain areas of Mesa.

If you are wanting to connect with local investor-friendly lenders, I’m happy to share lenders my BiggerPockets buyers have used when acquiring multiple properties here.

Happy to share specifics if I can be of help!

Melanie

@Dustin James Other Metro Phoenix cities you might consider are Tempe, Mesa and Peoria. Any of those markets would be easy enough for your brother to help you manage. And you are smart to look in only non-HOA neighborhoods--that's my first search criteria when helping BiggerPockets investors buy in Metro Phoenix.

All of the BP investors I've helped buy STRs here live out of state and manage their properties remotely. As long as you have a good handyman/brother as boots on the ground and a good cleaning crew, you can be successful.

Reach out if I can help,

Melanie

Hi, yes I can recommend a Metro Phoenix PM who has clients who are BiggerPockets investors:

Barbara Habbeshaw, AZ Residential Management

azresidentialmgmt.com

(480) 444-2574

Ask for her and tell her I suggested you reach out. I think they include Fountain Hills, but you’d have to check with her.

Very reliable and handles a few hundred properties.

They would know rental values as well.

Melanie