@Yael DoronHi - I don't invest in Phoenix but was just curious if you already own real estate and are looking to expand into Phoenix, or are brand new.

Hey BP community,I am considering investing in a real estate developer using the Build, Refinance, Rent & Repeat (BRRR 2.0) strategy.

There’s also a good mix of duplexes, triplexes, and quads, so you’ve got options for a solid house hack.House hacking is actually how I got into real estate—I’ve done two house hacks with duplexes here in Chattanooga, and it’s been a game changer.

Cleveland stands out as a great option for real estate investments.

But ya have to make some educated prognostications in life.Add this to the information your processing - What your talking about doing is eliminating around $4000 or interest expense (which is deductible anyway so really could be a real impact of eliminating $2800 or so) of debt in exchange for paying over $10K in capital gains tax (don't forget possible state gains tax as well).  

This works with any type of appreciating property such as real estate, stocks, etcDepending on the appreciation rate, you can potentially see asset values double every 7-14 years.Likely around 7 years if the appreciation rate is 8%Likely around 14 years if the appreciation rate is 4%If you buy something for $100,000 and it appreciates to $200,000, you can potentially take a loan on the $100,000 appreciation which would not be considered a taxable event.However, be mindful that you are paying interest on the loan and you have to payback the loan but yes, it would not add on to your taxable income.

From then I knew real estate investing would be in my future.

So, if the co-signer owns real estate that is usually sufficient.

I'd probably find a board certified real estate attorney to do it. 

I wanted to check the calculations that are presented in James Dainard's book, The House Flipping Framework: The Tactical Playbook to Scale your Real Estate Portfolio and Reinvest your Profits.