Second, working with a local real estate professional who has experience and expertise in the Phoenix market can be helpful in navigating the current market conditions. 

We plan to renovate it ourselves and turn it into a 1200sq ft 2/1 to STR.

Originally posted by @Jared Carpenter:Good evening BP world,I am looking to make some contacts, specifically RE agents and hands-on investors in the phoenix area, in order to start acquiring some value add SFH investment properties.

A small multifamily property is a smart choice for a first investment—it offers a great balance of income potential and manageable scale for someone new to the space.Don’t worry about being ambitious; it’s clear you’ve done your homework, and you’re already ahead of the game by setting a clear goal.

Also, sometimes they travel with their family so it may be beneficial to rent it out by the unit and not by the room. 

In our view, experience and integrity are by far the most important parts of any private loan.

Let’s turn ideas into action!

With that said Phoenix had one of the highest home price declines in the last market down turn.  

And people are fast to panic, to turn on others, to talk smack.

Turned out great it is my favorite padsplit remodel Lessons learned?