All Forum Posts by: Tracy Davis

Hi - I was wondering whether you'd found any additional feedback on this group.  I came across them and have been doing some due diligence, but not run into anyone who has actually worked with them.

Thanks for the welcome!  Definitely learning a lot here!

That's pretty much where I'm finding myself too.  I've seen a couple of great deals go out of control in bidding wars. So I'm just trying to continue figuring out what I'm most interested in while the market is going bonkers.  Hopefully this summer the inventory will increase a bit which ought to help with the crazy bidding wars.  My plan is gearing up to start purchasing this fall.  I'm finishing up getting my real estate license too, so hopefully that will come in handy, if even just for flagging and researching properties, but hopefully I will be able to use as leverage as well.

Super interesting - thanks for posting!

Thanks everyone!

Hi! I'm new here and avidly reading the forums and education pages on BP. Looking to get started this year. I'm also *almost* finished obtaining my real estate license (although no plans to switch careers - just to use it for REI.) I've identified several properties in the last month, but have not yet moved on any of them. In part, I'm struggling with deciding what I want to focus on. LTRs, STRs, Multifamily, small apts, flips all sound appealing - although with my work schedule, I'm more apt to focus on either LTR's or multifamily/small apts. Wanting to get involved with the community here and introduce myself.

Hi David - thanks! I'm trying to figure that all out. I feel like I know how to run the numbers, but I'm not feeling as confident in figuring out what makes the most sense for me given the market right now. I did see on the national news that Phx home prices were up 18% - not sure for Tucson, but I bet we aren't too far behind. I'm now researching less expensive properties (<$200k) for LTR's. While the STR idea for snowbirds is appealing, I'm starting to think the amount of money to automate (or hire a property manager) pretty much makes STR's like airbnb makes the margins quite narrow. I'm just trying to soak up all the information on this site though. So if equity is king - does that mean you are focusing on more expensive properties then?

Thanks!  I'm quite new to the whole process.  Wasn't aware that I could renegotiate the sales price on an accepted contract if after inspecting the house I decided I didn't like it for x, y or z reasons.  It seems hard to be competitive in this market however if you build in a lot of contingencies.

Hi! Newbie here. Just introducing myself. I'm working on getting my license (just passed the state exam! just have to complete a contract writing course and send in my application for my license and then find a REI friendly office to hang my license). I've always been interested in real estate, but am not planning to change careers at this point. I am hoping however, that once I have my license it will help give me at least a little advantage in finding and buying my first (and second and...) investment property. While there's a ton out there for real estate investing - are there any good resources aimed at real estate agents interested in REI?

Nice to meet you all - I'm trying to build up my REI network.

Thanks!

Hi! Newbie here.  I've noticed that a lot of occupied rentals in Tucson state specifically that they won't let you see the inside of the unit until after they have an accepted contract.  So I'm asking how the heck does that work? I get it that they don't want to disturb the tenants.  But how can you safeguard yourself so that you don't make an offer on a property - and then when you finally get inside to find out that you've definitely should have offered less?  Can you renegotiate the sales price at that point after they've accepted your offer?  I'm not sure how comfortable I would be making an offer on a rental unit where they don't even show you the inside photos. 

Any insight as to how people do this?

Thanks!