Skip to content
×
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
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
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: Noah Corwick

Noah Corwick has started 7 posts and replied 210 times.

Post: Financial Investment Options Advise

Noah Corwick
Posted
  • Realtor
  • Phoenix, AZ
  • Posts 213
  • Votes 95
Quote from @William Whitley:

Good evening, Deborah,

Like for most questions, the answer is it depends. One thing I would look at is the cost of debt. Compare the interest rate on the primary residence with the investment property. That isn’t necessarily the deciding factor, but it is something worth analyzing. All other things being equal, I would probably cash out refinance on the investment property; however, I wouldn’t want to take so much out that it leaves little margin between cash flow in and cash flow out. Ideally you would have positive cash flow even with a cash out refinance, and enough left over to continue to build up a cash reserve. The reason why I suggest using the investment property is hopefully you have a tenant paying that mortgage compared to you personally paying the mortgage on your primary residence. Additionally, you may be able to expense out the interest on the investment property, whereas you may not be able to do so on your primary residence. As always, I recommend having a conversation with your tax advisor to discuss the tax implications of one option versus the other.

I hope that helps. 


Nothing to add except that Williams summarized it perfectly. 

Obviously it's a numbers game so do the math on the interest rates for both scenarios. But because your tenant is paying the investment property's mortgage, that one might make sense (as long as the numbers work). 

Best of luck! 

Post: STR in Central PHX

Noah Corwick
Posted
  • Realtor
  • Phoenix, AZ
  • Posts 213
  • Votes 95

Hi BP!

I have a client who is looking for a Buyer for his STR located in Uptown/Midtown PHX. It's a 5 bed / 3 bath, has a mother-in-law suite, a nicely sized pool & extended patio, and the home comes fully furnished.

A few incentives that we're offering include:

-If my client is used as the Loan Officer in the deal, he will do the loan at cost. This would save a buyer a few grand in closing costs + he has fantastic rates 

-Willing to do a leaseback for up to 6 months 

Shoot me a DM if you are interested! 

Post: Realtor! Investor! Talker!

Noah Corwick
Posted
  • Realtor
  • Phoenix, AZ
  • Posts 213
  • Votes 95

Hey Paul. A main component of my team is helping investors find multifamily properties around the greater PHX area. Would love to chat more and understand your vision. 

I'll shoot you a DM. 

Post: New Member Intro (Looking to House Hack)

Noah Corwick
Posted
  • Realtor
  • Phoenix, AZ
  • Posts 213
  • Votes 95

Hi Bryce. 

Not sure if it was mentioned here already, but another creative alternative is to purchase a SFH that has a casita. If your willing to do so, you can live in the casita and then rent out the main home and have your tenant pay the majority/all of the mortgage (depending on what type of deal you find obviously).

I mention this because there aren't as many multi family homes on the market in PHX as you'd think. 

Post: New to real estate investing

Noah Corwick
Posted
  • Realtor
  • Phoenix, AZ
  • Posts 213
  • Votes 95

Hi Jade. That's an awesome goal of renting out your current home and then purchasing a new one once you touch down in AZ or NC. 

Not sure on your timeframe, but AZ is currently a buyers market (like I'm sure a most states are) due to a rise in inventory and interesest rates. So it's a decent time to strike depending on your budget. 

Also depending on your timeframe, you can also live in the new home for a year then rent it out. Going that route will save you money (less down + better interest rate) & you can ease into your new RV living scenario. 

Hope this helps! 

Post: MTR in Phoenix

Noah Corwick
Posted
  • Realtor
  • Phoenix, AZ
  • Posts 213
  • Votes 95

Phoenix is becoming a prime city for this sort of project Khaled. Like others have mentioned, there are definitely areas that make more sense than others depending on if you want to focus on cashflow or appreciation (just like with any investment). For example, looking at the Scottsdale/Tempe border but on the Scottsdale zip code side might be a good fit for this. 

PHX is growing so rapidly, so knowing which direction that you'd like to focus on will definitely be key. 

Post: Is Spokane a Good Market for House Hacking? Considering Tucson, AZ as Well

Noah Corwick
Posted
  • Realtor
  • Phoenix, AZ
  • Posts 213
  • Votes 95

Hi Carlos, 

Tucson is a fairly inexpensive place to start house hacking compared to a lot of the west coast. You can get more bang for your buck. Tucson's been growing steadily and predictable for years. As the success of PHX continues, Tucson will follow suit. 

The UofA (which I graduated from so Bear Down) will always ensure Tucson is on the map. Heck even culinarily the restaurants that are popping up are impressive (which I take as a great sign of the people and businesses that it's attracting). 

Post: 2025 is the year

Noah Corwick
Posted
  • Realtor
  • Phoenix, AZ
  • Posts 213
  • Votes 95

That's an awesome goal to have for 2025 Adam! Adding 1-2 doors this year would be awesome. 

Are you focusing on adding them in the general PHX area? 

Post: Property investor/ contractor

Noah Corwick
Posted
  • Realtor
  • Phoenix, AZ
  • Posts 213
  • Votes 95

Hi Jaimie,

Welcome to BP!

I'm sure you'll be out of here in the summer, but you'll love the winter. 

Always love connecting with like minded RE folks. 

Cheers to a successful 2025!

Post: How Big of an Impact Will the TSMC Plant Have on Phoenix Real Estate?

Noah Corwick
Posted
  • Realtor
  • Phoenix, AZ
  • Posts 213
  • Votes 95

I agree that I am bullish on this taking the PHX market to the next level. People have already moving to the Surprise/303 area in recent years. Once the TSMC is really up and running, it will only amplify that. Not to mention the general PHX market has become expensive and people have already been looking for cost efficient alternatives in the northwest and southeast corners of the valley. 

I've already been hearing about all the communities and mini cities that they are planning on opening around it as well. Definitely big things are on the way.  

It will be exciting to see!