Purchase price: $640,000 Cash invested: $220,000 Purchase price $640,000Got it at this price because there is a non-paying tenant in unit 2 (rent value $3,500), we're in court Rehab $60,000All in cash (rehab plus down payment) $217,500Rehab included ground level basement and 2 parking spot drivewayMonthly cash flow $1,500 ARV $950,000Equity $470,000Refi cash out (August 2024) $150,000 (used to buy new rental)New monthly cash flow breaking even (non-paying tenant still in unit 2)New equity about $200,000

The Phoenix market has remained strong, with steady population growth and rising home values creating solid opportunities for both flips and new builds.

In my day job I do SEO for a digital marketing agency and I am more than happy to talk SEO with anyone who has questions.I'm interested in Long-term rentals, though admittedly, finding deals below market value and funding those deals (not to mention I honestly have no idea have to put the deals under contract in the first place), are problem the first things I'll need to learn.

If so, you can add the value to your property more effectively.

Say, I have a potential client that has asked me to value a 7 unit apartment building.

Hey @Nike Onyechi - Not sure...but maybe it was @Tom Shallcross who was on the podcast somewhat recently, a value add investor, and chicago broker.

SB-9 allows for lot splits, which could create a chance to maximize the value of the land by creating 2 separate lots.

I don' know any builders in our market that can build less than $180 per square foot. do you have any exampless of what you want to build I could let you know. don't build an ADU the size is too small you'll never get the value out of it.

So, my value would be able to list the homes/lots and help in any way that I can to assist in the process to get everything going.

Try looking into cities in with stable economies, strong renter populations, and where housing is below the US median value.