All Forum Posts by: Noah Corwick

A STR/MTR could potentially work. However, the AirBnB/VRBO space has dried up a ton in AZ. Scottsdale is a perfect example of this. If iconic places like Old Town are struggling with it, chances are it trickles down to you.

But if the numbers make sense, then they make sense!

Not to beat a dead horse, but I would agree with many others in this post and think that selling it would likely make the most sense. Renting it out will be a tough sell + the likelihood of tenants renewing past the first term might be lower than you'd like it to be. 

With all the improvements that you've been putting into the home, you'd be able to reap the benefits on the market and plan strategically for your next investment properties. 

Hi Sebastian!

I am an agent and investor in Phoenix, AZ and would love to learn more about your real estate goals. I'll shoot you a DM. 

Hi Alexander. Kudos on owning a rental in such a prime area!

Furnished Finder has become huge for marketing to traveling nurses. I would definitely recommend looking into them if you haven't already. 

You can also work with an agent to list it on the MLS so that you can potentially get even more traction and it makes your listing look more legitimate. The downside of this is that you would have to pay both agents (your agent and the tenant's agent) a fee. Sometimes the renter pays this, it could be a percentage of the total lease amount, or it's the equivalent of the 1st months rent. But it should increase your foot traffic.

Hope this helps!

Hi Carter!

Welcome to BiggerPockets and the awesome world of real estate. 

I am an agent and investor in Phoenix, but would would to connect with you regardless. 

Cheers to your future real estate projects! 

I think this is a huge move overall. It allows investors to potentially get more bang for their buck and hopefully provide more affordable housing options for renters. 

I also agree that the change of depth of setbacks is a big part of todays news as well. 

I also think an underrated aspect of this is that it sill hopefully help AZ's water situation too. Running water to a Casita via an existing water line should save water compared to investors building and running utilities on vacant land. 

Hey Felix. It's great to meet you! I love the names of your cats. 

I'm an investor and agent myself, and would love to connect with you as you start your journey. 

Cheers to 90 day challenge! 

Hi Sushree! What about Arizona interests you specifically? Also in terms of big picture, are you looking for a cashflow or appreciation play? 

Arizona is a somewhat interesting market for multi family. It's not built for it as heavily as other states are (1-4 unit properties). The exception to this is apartments, which are swinging up everywhere. There are there are definitely pockets that they do well in though. 

Hey Aaron. I just checked out your REI Simulator and browser extension and I must say, I am impressed! You did a great job and the UI is super clean.

The first house purchase is always the most scary, so I completely understand where you're coming from. Anyone who says otherwise is lying to themselves. I was in your shoes not too long ago myself. 

It seems like you really know your stuff, and at this stage, it's just a mental barrier to cross. 

I'll shoot you a DM, but I would love to help! 

Hi Jimmy. Like Mike mentioned, buying a house Subject To/Seller Carry will be ideal for this situation. 

If you don't intend to actually live in the home, a DSCR loan might make a lot of sense to look into. DSCR loans only look at the potential income/cash flow that you'd generate from the home, not your credit, paystubs, etc. Rental cashflow isn't the easiest to come by in AZ right now due to the high rates, but if you can get a great deal on a house, it's definitely something to consider.