All Forum Posts by: Noah Corwick

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? 

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. 

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! 

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? 

Interesting insight to share. Thanks Mike! 

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

 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. 

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. 

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. 

Even more impressive. AirBnB is the one investing route that I have not ventured towards namely because none of my properties have pools and the summer months worry me. 

Thanks for the insight!