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All Forum Posts by: Noah Corwick

Noah Corwick has started 6 posts and replied 202 times.

Post: New to the BP pockets community.

Noah Corwick
Pro Member
Posted
  • Realtor
  • Phoenix, AZ
  • Posts 204
  • Votes 93

Hello Melanie! Welcome to the wonderful world of the BP forums. 

Post: Construction Loan lender in Phoenix for small MFU

Noah Corwick
Pro Member
Posted
  • Realtor
  • Phoenix, AZ
  • Posts 204
  • Votes 93

Hi Sendhil!

I have a lender that I'd recommend for this project. 

I'll shoot you a DM with his info. 

Post: New to Real Estate Investing, but ready to learn! & buy a out of state rental!

Noah Corwick
Pro Member
Posted
  • Realtor
  • Phoenix, AZ
  • Posts 204
  • Votes 93

Hey Dennis!

Nice work on the ADU. Sounds like it's rewarding you nicely.

As far as investing in AZ specifically, I have a few questions. 

-Are you singling out Buckeye specifically? If so, is it based on your co worker's success? 

-Based on your success with ADUs, are you wanting to replicate that in your next investment? 

Post: Why is real estate cheaper in Sun City, Az than other counties

Noah Corwick
Pro Member
Posted
  • Realtor
  • Phoenix, AZ
  • Posts 204
  • Votes 93

A lot of it is due to the notion that Sun City is known as a retiree city with a ton of +55 communities and homes that are smaller and not as nice as other areas in Maricopa County. The feeling that because it's so one dimensional, it's future appreciation is tapped. 

We'll see in a few years if that changes due to the success of Surprise, which is right next door. 

Post: Hello, I am new :)

Noah Corwick
Pro Member
Posted
  • Realtor
  • Phoenix, AZ
  • Posts 204
  • Votes 93

Hi Jeremiah. 

Way to take the first step in real estate investing by putting it out into the world. 

I am an investor and agent myself in PHX as well and would love to connect with you! 

Post: Early Termination of Lease Clause

Noah Corwick
Pro Member
Posted
  • Realtor
  • Phoenix, AZ
  • Posts 204
  • Votes 93

Thanks for sharing this Josh. That's a great clause to have included in your agreements and a wonderful positive perspective on the scenario as a whole. 

How far into their lease terms did they end up utilizing this? 

Post: Metro Phoenix eviction filings soared to a new record in October

Noah Corwick
Pro Member
Posted
  • Realtor
  • Phoenix, AZ
  • Posts 204
  • Votes 93

Interesting insight to share. Thanks Mike! 

Post: New construction with lender incentives?

Noah Corwick
Pro Member
Posted
  • Realtor
  • Phoenix, AZ
  • Posts 204
  • Votes 93
Quote from @Kevin Lee:
Quote from @Noah Corwick:
Quote from @Kevin Lee:
Quote from @Noah Corwick:

Hi Kevin!

In my experience, a lot of new builds here in the Valley offer a 2-1/3-2-1 buy downs instead of a fixed lower rate. I would confirm with the developer's sales team on how the terms break down. Also there are also annoying hidden/inflated fees when working with a developer's preferred lender that are "fun" to work through. 

Also make sure you work with a developer who is trusted, well regarded, and has great reviews. I know it's a "no duh" thing to point out, but new builds can be troublesome construction wise sometimes.  

The area will be key as well, as there are a lot of new builds in AZ that are in locations that will take time to appreciate. It certainly can be worth the wait, but you have to be able to mentally and financially budget for this and plan accordingly.  

Overall I believe it's definitely a route worth with exploring, but obviously will be reliant on how the numbers look. 


 Thank you!  Makes a lot of sense.  Would you happen to know anything about Lennar and the San Tan Valley / Queen Creek? 


 You're welcome Kevin. Lennar is not regarded very well. 

Here are some reviews I found online as examples: https://www.consumeraffairs.com/homeowners/lennar-homes.html...

A lot of these are from customers outside of AZ, but the experiences are likely to follow regardless of state. 

 Thanks so much for your input.  This is what I gathered as well but one realtor I was speaking to said they use them because they are reputable in that area.  Thank you again!


You're welcome! I am a Realtor & Investor myself and am here if you would like to continue our conversation. 

Post: New construction with lender incentives?

Noah Corwick
Pro Member
Posted
  • Realtor
  • Phoenix, AZ
  • Posts 204
  • Votes 93
Quote from @Kevin Lee:
Quote from @Noah Corwick:

Hi Kevin!

In my experience, a lot of new builds here in the Valley offer a 2-1/3-2-1 buy downs instead of a fixed lower rate. I would confirm with the developer's sales team on how the terms break down. Also there are also annoying hidden/inflated fees when working with a developer's preferred lender that are "fun" to work through. 

Also make sure you work with a developer who is trusted, well regarded, and has great reviews. I know it's a "no duh" thing to point out, but new builds can be troublesome construction wise sometimes.  

The area will be key as well, as there are a lot of new builds in AZ that are in locations that will take time to appreciate. It certainly can be worth the wait, but you have to be able to mentally and financially budget for this and plan accordingly.  

Overall I believe it's definitely a route worth with exploring, but obviously will be reliant on how the numbers look. 


 Thank you!  Makes a lot of sense.  Would you happen to know anything about Lennar and the San Tan Valley / Queen Creek? 


 You're welcome Kevin. Lennar is not regarded very well. 

Here are some reviews I found online as examples: https://www.consumeraffairs.com/homeowners/lennar-homes.html...

A lot of these are from customers outside of AZ, but the experiences are likely to follow regardless of state. 

Post: Scottsdale vs Tempe which is best to make money with VRBO

Noah Corwick
Pro Member
Posted
  • Realtor
  • Phoenix, AZ
  • Posts 204
  • Votes 93

Hi MiChelle!

I am a huge believer in Gilbert. I like to coin downtown Gilbert as turning into a more family friendly old town Scottsdale. That whole strip still has a lot of space and potential for new trendy bars and restaurants to open up as well. Gilbert's rental prices are some of the highest in the Valley as well, which speaks well to your goal of using it as a STR/MTR.

As for the Chandler vs Gilbert thinking, I personally believe Gilbert has a lot more upside and fits attracting more of the party vibes (specifically near downtown) that you are seeking.