Narrow focus - I know the zip codes I wanted to purchase well.

For purchase price, use this formula,  (Arv * .70%)- Rehab = Purchase Price Good evening Dustin, I went onto the webpage for Arizona association of Realtors and I found the agreement for 2024, however I am not licensed so I do not have access to download the contract.

Quote from @Daniel Green: Hey everyone,  I'm Dan, 35 here, I'll be able to make my first purchase in summer '26.

Meaning, if you take the money only, you would have depreciation recapture from your cost basis up to the original purchase price of the building (not including the land cost because it wasn't depreciable), plus a capital gain up to the insurance proceeds.Hope this makes sense. 

I purchased my first property in April of 2024.

@Wade Wisner -  Most of the notes that we purchase we keep in our portfolio and borrow against them with private capital.

I went all in, I had a few 401K’s so I cashed in the one that was growing the slowest and took the penalty and purchased my first property.

The second is a rehab property that I purchased for myself, I purchased it out right for 100k.

@Zach Lemaster and his team was super helpful, supportive, and knowledgeable which ensured a super smooth purchasing process!

What does everyone think is the most profitable area to purchase in?