All Forum Posts by: Yael Lanciano

I have one short term rental property and am looking to invest in a second property. I am currently in Phoenix, AZ, but not sure if this is the best place to continue investing. How do I know where to invest next?

Thank you!

A lot depends on the kind of loan you want to take on. You can do a 10%-down, second-home loan in markets that are at least 50 miles from your primary residence, but you can't do 2 in any one market. Then again, sometimes it pays to build an empire in one spot if you have a good team (cleaners, handymen, inspectors, etc.). Good luck to you!

Good info thank you so much!

0 Votes

Scottsdale, Arizona

Awesome will do thank you!

0 Votes

Scottsdale, Arizona

Quote from @Eliott Elias:

Invest in your backyard. Being a remote real estate investor does not work unless you have a solid team.

Solid advice thank you!

0 Votes

Scottsdale, Arizona

Quote from @Nicholas L.:

@Yael Lanciano

start local. even if that's 1-2 hours away. go to REIA meetings, talk to agents, network, look at dozens of properties.

Thank you!

0 Votes

Scottsdale, Arizona

Quote from @Jake Andronico:

Quote from @Yael Lanciano:

Quote from @Jake Andronico:

@Yael Lanciano Congrats on getting an STR already!

A lot of people (myself included) have the "grass is always greener" mentality. If you're in the STR space and just continue getting better, slowly adding more units, and hiring to get more things off of your plate, is there anything wrong with that?

Not saying you should or shouldn't explore other things or other areas, just wanted to throw it out there :)

I hear you, I think I just like the idea of having a place somewhere that isn't so seasonal, but I guess that's everywhere. Thanks for the tip!

Gotcha, makes sense. With STR's that's certainly more common. Up in Tahoe there is a busy season in the Winter AND Summer, but the shoulders are a lot slower.

Best of luck to you on your search!!

Thank you!

0 Votes

Scottsdale, Arizona

Quote from @Noah Corwick:

Hey Yael!

Welcome to BiggerPockets!

AZ has become a confusing market from a rental point of view.

As for the AZ market overall, it all really just depends on the type of investment that you are looking to target. I'd love to brainstorm some ideas with you if you are open to it.

I'd love that! Let's connect.

0 Votes

Scottsdale, Arizona

Quote from @Jake Andronico:

@Yael Lanciano Congrats on getting an STR already!

Not saying you should or shouldn't explore other things or other areas, just wanted to throw it out there :)

I hear you, I think I just like the idea of having a place somewhere that isn't so seasonal, but I guess that's everywhere. Thanks for the tip!

1 Vote

Scottsdale, Arizona

Quote from @Jeffrey Daniels:

Hi Yael! Congrats on your first post! How is your STR treating you here in Phoenix?

Hi! It's treating me well so far! Making money, but it hasn't been a year yet so I'm going to do a full analysis at the end of January. I'll keep you posted!

0 Votes

Scottsdale, Arizona

Hi!

Thank you!

0 Votes

Scottsdale, Arizona

All Forum Posts by: Yael Lanciano

Yael Lanciano has started 1 posts and replied 9 times.

Post: New to investing - don't know what market to start with

Post: New to investing - don't know what market to start with

Post: New to investing - don't know what market to start with

Post: New to investing - don't know what market to start with

Post: New to investing - don't know what market to start with

Post: New to investing - don't know what market to start with

Post: New to investing - don't know what market to start with

Post: New to investing - don't know what market to start with

Post: New to investing - don't know what market to start with