All Forum Posts by: Noah Corwick

Unless you want to Wholesale, there are two main categories that then break down to smaller categories, subsets, and hybrids, which are acquiring rentals or doing flips. 

A mental exercise that I always like to ask is what is most important to you as you get started? Appreciation? Cash Flow? Lump sum payment? Then what timeframe is the most vital to you, short term/mid term/long term? 

Answering those will lead you in the right direction! 

Hey Rachel!

Way to take the just step in investing, putting it out into the universe. 

There are quite a few options that you will have to start investing in real estate. Have you honed in on what strategy you'd like to dive into?

Sometimes deciding on which route to take is the hardest part when investors first get started. 

Hey Tim!

I would definitely recommend Chris Stockman. He is a master at his trade, has fair pricing and is a great human. The only thing he wouldn't be able to help with from this list is the roof patching (he doesn't do roofing). Everything else is in his wheelhouse. 

Chris's number is 928-951-6117. Tell him I sent you.  

 Hi Shahrouz. I'd recommend @Clayton Silva. He is a wealth of knowledge, has awesome options and has great rates. He's also a great human being and is easy to work with. 

Good luck!

Hi Darrell. 

Welcome to BP!

House hacking will definitely be the easiest route to getting started in your real estate journey (if you don't mind moving of course).

What areas you targeting for your future rentals?

Hey Iman. Officially welcome to the BP forums! 

My team can certainly help you with this. We work with a ton of investors and are investors ourselves. I'll shoot you a DM. 

Welcome to BP Michael!

Way to put it out into the universe about jumping into RE investing.

I think it's a great idea to invest in properties that you can take advantage of an ADU on. I personally believe it's smart to get ahead of the curve of this trend before ADU's become more of the norm in AZ. You'll reap the benefits in the long term when it's more widely accepted by renters here with the cost of living skyrocketing (it's a little better in Tucson compared to PHX, but still).

Best of luck my friend! 

Hey Steven!

The easiest route for showing the property and running background checks would be to hire a property manager. This allows you to be mostly hands off and have the property serve as a true passive investment. 

The other good thing about PMs when it comes to LTRs instead of STRs, is they take less of a percentage from the profits since it's much easier for them to manage. 

If you would like to be the PM and just need someone to show the property, then you can work with a realtor to list it and show it 

Hi Talia. 

Welcome to BP!

There are certainly creative finance opportunities here in PHX. I would recommend honing in on some specific cities within PHX that you'd like to target, as the metropolitan PHX area is very large. 

Also another option could be a DSCR loan as well. Definitely talk to a lender on if this is a viable option though.

Best of luck!

Quote from @Account Closed:

Quote from @Noah Corwick:

Hi Ashni, 

It'll all depend on what parts of PHX you are aiming to be in and what your investing strategy is. 

A SFH for $400k would likely land you in Glendale, Peoria, Mesa, Apache Junction. Slightly outside of PHX you could buy into San Tan Valley, Queen Creek and Casa Grande. So just depends on how central you want to be.

A few benefits of a Townhouse vs a SFH is that most Townhomes will be less expensive, and a lot of their HOAs cover the exterior and font landscaping of the home. IMO if you can get a SFH, get a SFH though.

I think people don't understand just how big the Phoenix area is. It's more than one Teepee and a wagon. There are a lot of good areas to invest.

Yeah very true. With the success of Surprise and Queen Creek, the valley will only get larger and expand. Soon places like Wittmann will be part of the greater PHX area haha.