All Forum Posts by: Noah Corwick

Hi Raquel. This smells of a wholesale deal. They are trying to hide what their assignment fee is. 

Hi Polen, 

I agree with the other responders, house hacking is an ideal way to get into RE. It kills many birds with one stone (you get a place to call home for a bit, while others pay the mortgage and you continue to build equity). 

Multi family is much more difficult to get into, as AZ is more geared towards apartment style living quantity wise than duplex/tri/quad living. The inventory and price point are just not there. An alternative is purchasing a SFH that has a casita/guest house built, or a SFH with a shed/detached garage that can be converted into a casita/guest. By doing this, you are essentially building your own multi family property. I am actually helping a first time home buyer do exactly this as we speak.

Hope this helps! 

Hi Gladys. 

Congrats on getting the new home under contract!

Being represented by the home builder's team can be a bit sticky, since those agents don't have your best interests at heart (they literally work for the builder). I would be very cautious and read everything carefully. Time and time again I hear buyers of new construction getting taken advantage and feel that they are unrepresented. 

I would definitely use your own Title company if possible. I would 1000% get your own 3rd party inspection done. Anyone that the builder picks will be biased and not come in with fresh eyes. 

Best of luck! 

Adam Dube Roofing & Repair - Adam Dube - 623-755-3638

Tell him I sent you! 

Hi Dana!

As others have mentioned, definitely taking advantage of your VA loan status will be ideal for getting your first property.

Have you decided on your overall RE strategy (flips, rentals, wholesaling, etc.)? This will also help determine what type of home you ultimately purchase and provide your beginning foundation.  

Hi Eneyda!

Welcome to BiggerPockets.

Way to put the gears in motion for getting into RE investing. Putting it out in the world is always a great first step. 

Cheers to a successful 2024!

Hi Senen, 

I am in AZ and would love to help your client! 

I have a lengthy history of being in the tech industry as well, so I have a lot of respect for what you do. 

Hi Cooper!

State wise, it all depends on your long term strategies & goals. If you are looking at multi family homes, AZ is tough to get into without a considerable purchase price. AZ's ADU laws are opening up, so long term a SFH w/ an ADU play is something to consider if exploring PHX/Tempe.

I bring up multi family specifically as this is what most new AZ investors start with and bring up. 

There are also a healthy number of 4/5 bedroom homes around Tempe (where ASU is located). So if you intend to rent to college kids (which also comes with it's own inherent risks), you should be able to find something with plenty of space.  

Hi Eskat!

Two very different markets in Detroit and PHX. 

I'm curious, what is drawing you to PHX overall?

Hey Trask. Welcome to BP!

You are already ahead of a lot of beginning investors by knowing the exact strategy that you want to start with. 

I personally believe that House hacking is an ideal beginning way to start your real estate journey, so great call. It kills so many birds with one stone. 

Cheers to a successful 2024!