Sagar Mukala
Am I crazy to think 1 percent rule doesn't work in Phoenix / Scottsdale?
13 December 2023 | 8 replies
It is appealing to me because of the ability to catch a short flight and land in Phoenix to manage the properties when needed.My goal:* Invest in a single / multi family property worth $300K in a quality neighborhood (class B or above) to buy and hold* Target is positive cash flow, build equity over timeThe following factors make Phoenix attractive to me:* +2.3% population growth since 2020* Strong Case Schiller index * Presence of large employers like Amazon, Walmart, and $40B investment towards a semiconductor facility that is projected to complete in 2026Challenge:* I'm consistently seeing rents in the $1900 - $2000 range for single family condos in (2B, 1 Ba) range making it a negative cash flow prospectQuestions to the community:1.
Mary Ainsworth
What to buy for the kitchen furnishings?
8 January 2024 | 9 replies
Second, do I need to get them basic cooking items?
Linda Roberts
Tenant wants to get the keys a few days before his lease.
31 July 2022 | 32 replies
I would tell them this isn't a free storage facility.
John Stamos
Long term advice please!
11 February 2023 | 14 replies
Or invest in self storage facilities?
Nathan Gesner
How much cleaning do you require of guests?
5 November 2022 | 68 replies
When you stay in a hotel you're probably occupying less than 200 square feet of space with a single bathroom, the hotel has a full-time cleaning and service staff and there are virtually no food facilities to speak of - no dishwasher, refrigerator, stove, oven or microwave.
Account Closed
Buying Foreclosures - Subject To & Lease Options
23 October 2022 | 23 replies
Both of our governments have been doing unprecedented things with money supply, interest rates, and cooking the inflation books.
Adam Frantz
Southwest Drought concerns
5 October 2022 | 15 replies
Drawing seawater into a desalination facility and returning concentrated brine waste to the ocean sounds like a bad deal for wildlife.
Courtney Buck
Creating annual cash flow from longleaf pines and the land
31 October 2022 | 24 replies
Courtney Buck Build a monthly storage facility, open a mobile home park, start an RV Park, build a strip mall
Ryan Stumbo
Is Cash on Cash Return Irrelevant in Arizona?
22 October 2021 | 88 replies
This does not include the many "temporary" construction jobs that will be created while these massive facilities are being built.
Alessandra Verbena
Impact of War with Ukraine on U.S. Real Estate
8 March 2022 | 84 replies
We have 8 Storage facilities in 5 towns.