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29 January 2025 | 5 replies
More people moving to a city is more potential tenants.
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14 February 2025 | 11 replies
Personally, I would never live in PHX, but that is all personal biases (I prefer seasons and greenery), and clearly lots of people choose to live in PHX.At the end of the day, I would argue market selection almost only comes into play when you are talking assets that cater to institutional buyers that have to get investment committee sign off.
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29 January 2025 | 19 replies
This is not my area of expertise, so wise people on this website will likely tell me not to venture into this!
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19 February 2025 | 10 replies
You need a license if you're going to manage other people's properties.
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2 February 2025 | 2 replies
Hey Bugger Pockets Community,I just finished reading Brandon Turner's book on investing with little to no money down (amazing book btw) and I am interested in knowing what are people's experience with MLO's and seller financing.
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25 February 2025 | 11 replies
There are pros and cons depending on your goals.Why an LLC Might Be a Good Move• Helps protect your personal assets in case of a lawsuit• Makes it easier to bring in partners in the future• Keeps your real estate finances separate from personal accountsWhy It Might Not Be the Right Move Just Yet• Most traditional lenders will not give a mortgage to an LLC, so you may have to use commercial or DSCR loans, which usually have higher rates• Some people assume an LLC will save them money on taxes, but rental income is still taxed as pass-through income for most investors• There are extra costs like annual filing fees and bookkeepingA lot of new investors get stuck on this decision, but the reality is, you can always start out in your personal name and transfer properties into an LLC later.One more thing I wish someone told me early on is that property management takes more time than you think.
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6 February 2025 | 3 replies
It will be remote, but since you live there now, you probably already have connections who either already know the house or local friends to find you good people to service things as needed.
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24 February 2025 | 16 replies
I would love to speak with people that have experience in the area.If one of your friends would like to talk to me and share some advices it would be great :)
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1 February 2025 | 13 replies
It is to get you to reduce the amount of time you waste looking at deals and knowing what is good and what isn't good for a deal.You'll also need to know the area comps, are people putting in wood flooring or LVP etc.