All Forum Posts by: Travis Kemper

@Jack Edward Johnson they're the two largest cities and MSAs in the state.

@Jack Edward Johnson if you're looking for areas with over 100k people in AZ you won't have to look very far. Phoenix metro and Tucson are all that hit that criteria. Flag is close to 100k.

@Steve K. True. I haven't listened to him since I found BP so maybe I just remembered the info being decent due to my extreme naivete on real estate at the time. It was the first podcast I started listening to and the only book I had read was rich dad poor dad.

 I think the information he puts out there is decent actually.  But if you research the company on here and elsewhere you will find that they are not reputable at all.  Lots of blog posts about stuff being stolen from the house and no tenants even though the rental company is still paying rent for the first year.  I never saw anything as bad as the allegations of the empty lot/ new build in the article before though.  It's really sad, lots of people will never see that money again. 

 I actually listened to a lot of his podcasts and I do think he knows his stuff and has good information on there, but I researched his company and found that he is a shady business man.  

I can't believe it took this long.

https://www.indystar.com/story/news/2019/03/26/fox-and-friends-clayton-morris-investment-real-estate-scheme/3128857002/

Hey everyone,

I'm wondering what everyone's thoughts are on mentoring and coaching. I am flirting with the idea of signing up for rock Thomas's M1 program and wanted to know if anyone has any experience with this or another similar group. I have always done everything myself mostly because I'm a little unorthodox in my ways and peers never see things the same way as I do. Thus far this has produced great results, and I'm sure it will in the future. I guess I'm trying to figure out if this will really propel my life to new levels faster than I can get there myself. Would love to hear your experiences and thoughts.

Thanks,

Travis

@Ryan Swan great points. The zoning could definitely pose an issue for sure. Was worth a thought. Just can't make the numbers work on small multi family right now.

Hey all, I am just looking for opinions, experience, etc. on an idea (which I am sure is not an original idea in this group). My wife, brother and I have been looking to start investing in rental homes. We have been looking at multifamily homes in the Phoenix area for the last 5 months, have made maybe 30 offers, but are still just building our cash reserves. Yesterday I had an idea sparked by a recent podcast and a conversation with a BP member. I looked for mislabeled SFHs that may have some type of apartment on premises, but be labeled on the MLS as a single family home. We are going to look at this particular property tonight and will very likely be submitting a bid. It is in a good/ up and coming area close to where Ben Leybovich posted about purchasing a 117 unit complex just a few days ago. In looking at the area and the pictures, this property is a good deal nicer than any of the small multifamily properties in the valley, and it is also cheaper than most of the rundown duplexes in the area. I'm sure I am jumping the gun getting excited here, but this got me thinking:

Does anyone buy bigger multifamily properties that may or may not have a garage and remodel them into a duplex for bigger returns?  What are the pros and cons of such a project?  It just seems like it may be a good way to increase profitability and attract better tenants as the neighborhoods, at least in this area, are much nicer where the SFHs are than where most duplex/tri/quads are.

I appreciate any advice/ experience/ thoughts. 

-Travis

@Sam Grooms I tried to buy a triplex in that area a few months ago for the same reasons. I'm a new investor and you guys just made me feel really intelligent for attempting that purchase. Haven't seen anything else we liked down there, but will keep looking with increased confidence now. Only a few miles from a crazy tempe market too.