Having a solid GC to lean one as you start your first BRRRR project is going to be crucial to your success.

Based on how many people have moved here from other states (specifically California, Oregon, Washington, and then a few areas like NY/NJ) along with the amount of redevelopment projects and the chip factory that was put in - I think there will be further appreciation for the foreseeable future.Will Phoenix economy be depended on this chip factory?

Welcome to BP and good luck with your project!

@Yaroslav Shtogun assuming this is something you can tackle yourself and with your network doing the full deal would be an awesome project for you!

Honestly, I never fully understood what they meant—until recently.I’ve been diving into some larger-scale real estate projects, specifically in commercial properties and multifamily development.

At that point my project manager (and partner) started pushing him. 

This will give you some info so they are not guessing on what will be needed (they probably already know rough numbers, but each project is different).

We talked about an aggressive paydown at a rate of $5k for the next 6 months to make the deal sweeter for the next person, but renting it would be preferable to that I believe since I can get a higher return on smaller development projects at a burn rate like that. 

I have attached a photo of my original property taxes along with the new projected property taxes.

My passion lies in expanding my portfolio of long-term rentals and diving into property flipping as I grow in this journey.My main goals are to connect with like-minded investors and professionals, share experiences, and soak up as much knowledge as I can from this incredible community.If you’re based in Georgia or working on similar projects, I’d love to connect and hear about your journey!