All Forum Posts by: Ryan Bertolami

@Bobby Hosmer Thanks for the reply. Just read your deal diary on the 4-plex. Congrats and best of luck as you continue your renovation. Are you doing the work yourself?

@Colby Fryar Sounds good, we'll be on the call. From your profile, it looks like we have similar goals with small multi-families. Curious to hear about your SFR BRRRR deals. Sending you a DM.

 Are newbies welcome to join the call? We've been researching Tucson as a market to get started in. We'll be in Tucson next Monday to Wednesday to do some boots on the ground research. It would be sweet to meet some people too while we're there, socially distant of course. 

@Bryce Deeney  Based on my research so far, Phoenix definitely looks like a tougher market than some others for what I'm looking for.  I may be open to fix and flip opportunities, but as a way to raise capital for buy and holds. Any opportunity there? I hear the margins are pretty slim. 

Thanks for the neighborhood suggestions, a few weren't even on my radar. Will check out south of downtown for sure. Are you talking South Mountain area? 

Are you investing in Phoenix?

Thanks again!

@Account Closed  That's an interesting strategy. It does seem like some creativity is needed for the Phoenix market. I'll need to read through that again to fully wrap my head around it.  Being new and looking at a tough market out of state, we're certainly not looking for any drama :)

Visiting some family in Phoenix soon. I live in LA, am new to REI and have been in the learning and research phase. Most interested in buy and hold, brrrr, 1-4 units that cashflow.

I'll only have the weekend, but would love to get some time in walking neighborhoods. Where should I explore? Up and coming areas? The freeway extension that bypasses downtown, does that go through anything interesting? Is there any new light rail planned? what's the scoop? :)

Thanks for the insight, Ryan. Are you putting down 20% and going with conventional financing? Or paying cash?

 I'm not having any luck here. Using Chrome browser on an Android device.  Nothing pops up with the @ symbol or the @? symbols

Hi Ryan,

What did the deals look like on your SFs? How much value were you able to add?

I'm new to this, but if you do a cash out refinance and place a tenant, what does your ROI look like given the rental income on whatever capital is left in the property?

Thanks everyone! I'm sure to have questions moving forward and I hope to contribute along the way as I grow.

@Melanie Johnston - thanks for the tip, I've added some keywords 

@Ricardo Gomez - it does certainly look like that. My goals are definitely to buy and hold, but I'm not opposed to an occasional flip if it makes sense. Maybe couple of flips at the beginning to build some capital while looking in other markets for buy and holds would be a good strategy.  I've got some learning to do.