Investment Info:Single-family residence buy & hold investment in Plainfield.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Maintain CommunicationMaintaining communication is like keeping the conversation going between you and someone else.In the world of real estate, it means that sellers and buyers need to keep talking to each other and exchanging information.This communication is super important during the process of buying or selling a house.Imagine you're selling your old video game console to someone.You both need to talk about things like the price, the condition of the console, and when and where you'll meet to make the exchange.If you stop talking and don't respond to messages or calls, it can make the deal fall apart.In real estate, it's the same idea but on a bigger scale.Sellers and buyers need to talk about the price of the house, any repairs that need to be done, and when the sale will happen.If communication breaks down, it can cause problems and make the deal more challenging.

It also holds the key to your opportunity to get started given the equity you have.  

I am curious about whether they hold value like a "regular" home does?

We are entering a bit of a low season for short rentals, how are you holding up in the market?. 

Hold it, time has proven that those who have been in it for the long haul benefit.

It's better to maintain the relationship with your friend and hold out for a win/win deal than to just jump on something that "almost" could work. 

If you want to stay in Phoenix, house hacking might be difficult with one full time income in that range unless you can tolerate living in a rougher area.I would look for a standard starter home, maybe even a condo or townhome, this way you can keep some cash on hand and hold onto the property for the longterm. 

Investment Info:Single-family residence buy & hold investment.