All Forum Posts by: Nick Tzenevrakis

Hello Brandon! I just posted about Phoenix,  PM sent. 

Hey BP,

My brother has decided to try out Real Estate, much like myself, and is currently renting a bedroom in a SFH in Buckeye AZ. He is very mobile and eager to do some "house hacking". I want to help him find connections in Phoenix, is there anyone out there willing to share some tips for the area or help a couple newbies understand the market? Any preferred realtors, property managers, contractors for the area?

Thanks again!

You're welcome @Jay Helms! I feel as if it is in my best interest to do yearly contracts, that end in the May-July range, like @Account Closed mentioned. I am just trying to understand why no one in my area does them. I'm sure I will learn much more once I get into my first property. Hopefully, that will be by the end of June. 

@Cody Lingle, Welcome to Bigger Pockets! I'm a construction management major out of WIU, living in Quincy IL. I spend a few weeks a year up in Palatine with my girlfriends family. I am looking for my first property down here in Quincy, but would not rule out investing near Palatine as my knowledge of the area grows. Good luck!

Hey BP,

While in search of my first investment property, I've spoken with many landlords, realtors, and investors in my area. I would dare say 9/10 of them are renting on a month to month lease in C to B grade SFH's, duplex's, or triplexes. I've also heard from most of them that if the tenant is good, they do not ever up the rent. My question is, as I look for my first duplex or triplex to "house hack", and assuming I purchase a place with a tenant that's on a Month to Month, should I be looking to move to yearly contracts? How often do you plan on upping the rent? Have any of you purchased an investment property and have the tenants switch to Yearly?

Let me know what you guys think, I have a couple solid off-market opportunities to consider this week!

Welcome to Bigger Pockets Michelle! I am just north of St Louis, about 2 hours, and have also been looking in the area for investment properties. I do not know the areas very well, but the further NW from the city you go, the better I know them.

Hey Nick! Welcome to Bigger Pockets. I'm a couple weeks new, but share your drive and I believe we are on the same page. Best of luck, I've spent some time in Palatine (my girlfriend is from there), so I'm a little familiar with the suburbs. If you are ever down in Quincy IL, give me a shout.

I'll add that the asking price is at $230k, I had $190 in place during analysis.

Hey BP,

I'm looking for a Duplex to "house hack", but am seeing negative cash flow in this scenario. I would be saving $1k in expenses by getting out of my rental that I'm living in now. Thoughts? Would it be a better idea for me to get into a small $50k house with a $400 mortgage, then take on a duplex like this to get positive cash flow? These are rough number, I'm still learning. 

Thanks

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Welcome to BP Ryan! I'm looking for my first deal, if you are every in the Quincy IL area, give me a shout.