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All Forum Posts by: Wes Blackwell

Wes Blackwell has started 34 posts and replied 715 times.

Post: Where to go from here???

Wes BlackwellPosted
  • Real Estate Agent
  • Phoenix, AZ
  • Posts 738
  • Votes 1,099

@Jared Palacios

If you decide to purchase the property you're living in, get a rough idea of what it's worth in current condition and then costs to make repairs, and ask for at least a 3-4% discount since you're not using a realtor. But buyer beware if this is your first purchase as you may get hustled by your landlord. 

Send me a PM with the address and I'll let you know what the comps are showing it's worth so you'll have an idea if the asking price is even fair.

Post: Looking to buy a property in Scottsdale, Arizona

Wes BlackwellPosted
  • Real Estate Agent
  • Phoenix, AZ
  • Posts 738
  • Votes 1,099

@Kalpesh Gada

Perhaps you can get the best of both worlds for a short term rental in Scottsdale by buying a property that doesn't have a private pool, but does have access to a community pool.

Your tenants still may be able to access the pool, and you won't have the added cost or liability.

Just make sure the HOA is okay with your plans for a short-term rental, as 1,749 of the 2,250 single family homes for sale in Scottsdale have an HOA and may limit your ability to rent the property.

Post: Type of paper for signing PSA?

Wes BlackwellPosted
  • Real Estate Agent
  • Phoenix, AZ
  • Posts 738
  • Votes 1,099

@Anthony Enriquez

I saw you didn't get an answer, so I thought I'd take a crack at this.

First of all, disclaimer: I am not an attorney in Arizona, and you should seek the counsel of an attorney to confirm any research that leads you to a possible answer online. 

Depending on what you're doing, it's probably safe to send a copy of the documents via email after having them signed in person. Just make sure they get a copy promptly within a reasonable time (as soon as you have the ability to scan the documents and send it to them). 

Post: External security cameras for sfr in Phoenix

Wes BlackwellPosted
  • Real Estate Agent
  • Phoenix, AZ
  • Posts 738
  • Votes 1,099

@Jack Stone

Ultimately, it depends on what your purpose is in getting security cameras.

Like @John Underwood said, if you're in a bad part of Phoenix where this is high crime, it's probably worth it. And it still may be worth it for liability reasons even if you're in the nicest neighborhood in town. If it's a VRBO or short term rental, then it's probably worth it no matter since you have so many tenants coming and going. 

If it gives you peace of mind, then I say go for it.

Post: I'm looking for a BROKER IN PHOENIX who can help me find

Wes BlackwellPosted
  • Real Estate Agent
  • Phoenix, AZ
  • Posts 738
  • Votes 1,099

@Allison Meggison

Reach out and I'll see if I can help you find something that fits your criteria. @Greg Scott is correct, that many commercial brokers only deal with end buyers and there is no co-broke, but there are many that still do. 50 commercial multifamily properties are currently on the market in Phoenix that offer a co-broke commission to your buyer's agent, and even the ones that are marketed off the MLS can still offer co-broke. So you don't have to go it alone, and a little money out of your own pocket may be worth it for the help you receive.

Post: How Universal Basic Income Could Change Real Estate Investing

Wes BlackwellPosted
  • Real Estate Agent
  • Phoenix, AZ
  • Posts 738
  • Votes 1,099

@Connor Dunham

Very interesting... seems as though since it comes once a year people are treating it essentially just like they would a tax return.

The part about credit card bills is especially interesting. People may view a monthly UBI as a $1,000 credit card they get every month and spend it on cars, trucks, cell phones, etc. like you mentioned. 

I think that it could be a complete game-changer for those in need who use it wisely, but if the majority uses it to get the latest iphone, nikes, etc. then it will all be for naught. 

That's why before it goes on a nationwide scale, it should be tested in a much smaller market first and studied. 

Great post.

Post: Where should I put my bandit signs?

Wes BlackwellPosted
  • Real Estate Agent
  • Phoenix, AZ
  • Posts 738
  • Votes 1,099

@Account Closed

Please don't come here and just drop 1,000 bandit signs in random locations for the city to pick up. 

Here are the sign code regulations for Maricopa County which covers the entire Phoenix Metro Area:

http://www.maricopa-az.gov/web/code-enforcement/re...

#3. Signs not allowed in Maricopa:

  •  Billboards
  • Off-site signs - except those listed in Sec. 2206 and Sec. 2207
  • Advertising signage painted, mounted or attached to trailers, boats and motor vehicles parked intentionally for advertising
  • Bandit Signs

Expect fines of up to $250/sign.

Post: BMR Housing San Francisco vs Sacramento Rental

Wes BlackwellPosted
  • Real Estate Agent
  • Phoenix, AZ
  • Posts 738
  • Votes 1,099

@Ashley Mack @Robert Jensen

First thing I pulled off MLS. Took me less than 5 minutes to find.

7858 18th Ave, Sacramento, CA 95820 - $249,900

3/1

1048 sq ft

"Immediately admire the tasteful detail of this gorgeous home nestled in a quiet neighborhood. Flaunting lush lawn, a fresh designer paint scheme, and chic front door. Entering, you will be delighted to find sweeping laminate flooring and aesthetic modern light fixtures to complement the designer paint scheme. The living area sets an overall mood of tranquility by inviting luminous natural light into the home, while an open concept floor plan leads you into a gorgeous updated kitchen with brand new stainless steel appliances, quartz countertops, and new cabinetry for all of your culinary needs. All of the bedrooms have plush carpeting for more comfort and the bathroom has been meticulously designed to enhance every square inch of space. Complete with a spacious private backyard perfect for gatherings or dining al fresco. Come see this hot commodity today."

And here's the local crime last month:

4 crimes total: Cruelty to a child, a house burglary, petty theft, and a car robbery all several blocks away. Welcome to Anywhereville, USA.

Yes, lower priced housing tends to be in the not so nice areas, but that's not always the case. With putting in minimal effort I was able to find this property and wrote this post in less than 10 minutes.

Ultimately, San Francisco has the potential to offer you a nicer quality of life if you can afford it. If it doesn't offer you the opportunity to reach your financial goals though, you'll need to consider making some sacrifices and trade-offs.

Sacramento is not Detroit, and you're not going to have to live in a warzone to buy a house and save some money either. And you home you buy in Sacramento won't be a piece of crap.

Here's where you can find the crime data for San Francisco to compare. Make sure you set the date range back to 1 month.

https://www.crimemapping.com/map/ca/sanfrancisco

Post: How Universal Basic Income Could Change Real Estate Investing

Wes BlackwellPosted
  • Real Estate Agent
  • Phoenix, AZ
  • Posts 738
  • Votes 1,099

@Lauren B.

"Penises" -- WOW!

First of all, while several posters did say that the money would be squandered by some people (which is certainly true beyond a shadow of a doubt), only one poster specifically mentioned mothers. I went back and searched every single post for the word "mom" and "mother."

Here's the post:

@Alvin Sylvain

"And who can really blame the politicians? They'll haul out all the wheelchairs and one-legged war veterans and the crying mothers with babies sobbing about losing some benefit, and the moron media will cover it with relish. The politician will be made to look like the worst villain since Attila the Hun, and he'll cave like a week-old souffle."

I believe what Alvin was referring to was the optics that politicians would use in order to keep a welfare system in place. He believes that politicians will try to earn voter sympathy by showing all the personal stories of disadvantaged receivers of this benefit, and asking how are they supposed to live once this money is taken away because they now rely on it.

While UBI would certainly help these disadvantaged people, we already have welfare systems in place for that (which could be improved), and the vast majority of recipients will be every day people and a good percentage of them probably won't think long term and probably will spend the money poorly.

As another poster said, "being good with money" is a skill, and without that being developed giving people handouts isn't going to help. It's just going to give more money to ultimately go back into the hands of people who are good with it, just like Monopoly.

Second, you should not assume that all of us who do not hold your same political opinions had advantageous childhoods without suffering.

I come from a home with a single mother, who to this day has not received a single cent of support from my father, and came from a poor family and never earned a college degree herself either.

But you know what I DID see my mother do? Get a job commuting out of town so she could earn more income and save up enough money so she could buy her first house and we could stop moving from apartment to apartment or constantly be living with family members.

After she bought the house, there were certainly some scares. I remember when there were cutbacks in the California budget and my mother worried about losing her job. I remember her crying at the kitchen table afraid that we were about to lose the home she had worked so hard for. I remember having holes in my clothes and not telling my mom I needed new ones because I knew she didn't have the money and I didn't want to feel like a burden.

And it all worked out. My mother is now selling that same home, the first home she ever bought, and is retiring. She never pulled money out during the bubble, and kept working and paying her bills while all our neighbors got foreclosed on. All for me. And I can't thank her enough.

So despite growing up poor with a single mother as a parent, I turned out ok too. Why?

Because despite those disadvantages I pulled myself up by my own bootstraps and improved my life by my own efforts. And I'm willing to bet a majority of the posters in this thread have done the same.

Yes, we all see the posts where some 30 year old's granpda just died and he's wondering how he should invest the $2 million dollars he's about to inherit. But that's the exception, not the rule.

I remember when I was fresh out of high school working at a waiter while going to the local community college. I was waiting on this table where a kid my age was wearing a yuppie sweater tied around his neck like he had just come back from the country club.

He talked about how he wanted to go out of state to a major university, but his parents wanted him to stay local and offered to buy him a house if he did.

MAN I wanted to be that guy! I remember going back into the kitchen and realizing that I'm working a job I hate begging for tips just to try and get by, and this kid is getting a free ride wherever he wants to go with the largest safety net ever. 

But then a few years later when I started bartending, I met one of the regulars who was my age and his parents owned the local bank. He was a trust fund baby without a worry in the world.

And you know what he was? A degenerate drug dealer. Same for his best friend Mike who's father was co-owner in the restaurant I worked in.

His father was LOADED because he owned a household product you've certainly heard of and had recently sold it. Yet despite having all the opportunity in the world, his son was a total pothead and spent his 20's pursuing a music career as a rapper. And you haven't heard any of his songs on the radio either.

Some people get advantages early in life, while others don't. But at the end of the day all an individual has is his own efforts. 

THAT is what is important. That individuals learn from their parents to work hard and apply themselves to the best of the efforts. That's all anyone has. Because even if you hand someone a check for a million dollars, it's not going to mean a thing if they don't spend it wisely.

Post: How Universal Basic Income Could Change Real Estate Investing

Wes BlackwellPosted
  • Real Estate Agent
  • Phoenix, AZ
  • Posts 738
  • Votes 1,099

 Productivity went up, but wages didn't.

Who cares about productivity and labor force participation if costs keep going up and wages aren't going up with it? Isn't affordability and quality of life what are REALLY important in any given society?

California has an economy that is the fifth largest in the world as a nation, when it's only a single state, boasting a $3 trillion gross state product. Talk about productivity! What an overachiever!

Yet, the state also tops the charts as having the worst quality of life, and also is the most expensive state in the US to earn a living wage.

A family of 2 adults and 1 child requires $48,537 to reach a living wage in Mississippi. That’s almost 30% cheaper than California where it takes $68,190 to reach a living wage.

Which doesn't seem that bad, yet when you consider that 30 of the 40 million people who live in this state reside in either the Bay Area ($117k to be considered 'low income') or Southern California (where fewer than half of all jobs pay a living wage).

So yes, tech will make everybody more efficient and productive. Woo hoo. That's great. 

But who cares if wages aren't rising to match and people can't afford housing or life a decent life? Shouldn't that be the goal? The quality of life for our nation's citizens?

Artificial Intelligence can already outperform most people on IQ tests, performing at the same level of people who hold bachelor's and master degrees.

Yet we sit here playing make believe that as a capitalist society we aren't going to replace human workers en masse as soon as it becomes feasible to do a decent job with AI that doesn't need time off, sick pay, or employment taxes. Ha!

I think what most people do is look around and say "How much can really change in 10 years?" instead of "How much can really change in 20-30 years?"

I don't think so much about how AI will affect me (it will, and already has as a real estate agent)... more so about about my children are going to fare when they are my age.

Even then, it will probably still be in a transitional period, with the AI we see in science fiction movies much more likely to affect my grand kids.

But as more jobs continue to be automated, without equal paying jobs to replace them, and more and more people being born to compete for the remaining jobs, costs will continue to increase through inflation and demand while wages don't grow to match them, as we are already seeing.