Spending $100 Million on Real Estate: Gilbert, AZ [HouseHack Trip 1].

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when meet Kevin goes to a new area he's

never been to before for looking at real

estate and you're going to find out what

questions he asks and what he looks for

when he looks at an area for the first

time hey everyone it's me Kevin yeah

seriously this is the first time I'm

going to this area I don't know

everything I don't profess to try to get

everything done in one trip my belief is

I have to visit the same area probably

20 to 30 times before I would ever even

feel comfortable pulling the trigger on

a property and I'll be doing that in the

top areas that I choose but this video

is day one of hunting for the areas to

narrow down do I even want to remotely

consider this area or are we ruling it

out we're going to be visiting

potentially 100 to 200 different cities

we're going to narrow that list down to

maybe about 20 and then we'll double and

triple visit those so we can narrow that

list down and ultimately get to three or

four markets that we are going to start

expanding house hack into which is my

real estate startup go to househack.com

to learn more let's get started

something to keep in mind out here is

obviously it gets hotter in the deserts

so if you look at 1950s homes in Ventura

California let's say there's no

insulation in the walls on a lot of

these homes out here which isn't a big

deal out there because you know weather

is not really that much of an issue out

here where you've got a lot of dry heat

you're not going to want to air

condition the inside of a home to you

know 70 72 degrees and if you even go

that low if the ACs will pull them that

low we'll probably replace them off them

you don't want to go that low low and

then not have insulation in the walls so

you probably want to focus on newer here

90s plus well insulated the newer the

homes get the more insulated they are

people always say like come on they

don't build them like they used to

you're right they build them way better

now that's not always the case don't get

me wrong your Corners cut all the time

but the bare minimum standards are so

much higher today than what they used to

be so insulation for a dry hot climate

important also you go to Texas you get

like a really moist area you got to be

really cautious about those uh those

those uh cool to hot areas because then

you create fungus growth another big

problem a lot of these things you don't

have to deal with in SoCal because the

outside is the same temperature as the

inside for 90 of the year it's great how

what's the expectation for tenants and

and uh like you know homeowners out here

I mean if if we're going for that family

friendly tenant are they okay with this

size or is this going to be reflected in

the rent no so in fact one of the things

that I've noticed is that it doesn't

really have a huge price drop when it

comes to the monthly rental you don't

see much of a difference in if they have

a larger yard or maybe tenant longevity

correct so I actually own a rental like

three miles away from okay do you do

management as well um I don't do

management sure that's all right for my

own rentals I do you do your own yeah so

with the lot size it doesn't make a

difference a lot of times like people

that are going to be renting this type

of property anyway yeah they don't want

to deal with a huge lot yeah because you

also have the weather out here right

exactly okay okay you got to change the

grass twice a year and do people do that

they just resawed they resaw it so

they'll it's a winner okay one for the

summer if you want to keep real grass

are you serious no way oh wow and do you

just like Let It Die in the summer or is

it just a different variety yeah

I come into a lot of the landlords if

you buy a rental is turn it into like

turf turf um gravel yeah yeah okay oh

yeah it's not worth it but so homeowners

who want real grass they have two

different grasses absolutely rent you

set on this one 19 to 22 was sort of the

range correct I get for this square

footage three bedroom two bath okay

uh who's what's your typical like

occupation out here what do people do it

so a lot of tech is actually coming here

really kind of interesting so carvana

has their place in Tempe well they'll be

bankrupt soon

it's interesting because you don't think

of Arizona Tech um but out in East Mesa

area East Mesa is that close to the

airport then no and so you're gonna head

this way okay and East Mesa is also

another booming area and one of the

benefits to them is like apple just

signed a huge contract oh wow in East

Mesa in East Mesa okay and um the

contractors with the company that

actually does all their screens on their

phones oh wow so uh like a glass

manufacturer or whatever oh interesting

and so they have some kind of facility

out in East Mesa is that more than like

warehouses and Industrial maybe correct

so you'll see that but the warehouses

are newer within the last couple of

years oh nice so they're not like from

like the 60s or 70s they're actually

newer built it seems like you're the

older properties here when you do have

them they were designed to be on their

own like 40 acres or something like that

huh correct okay okay so then

um one of the first assumptions I had

when I came here was that you'd probably

for rentals want to stick with like 90s

plus just for insulation and things like

I mean what's your take on that

you you could I think some of the things

that you'll see though is like just like

with any area the older homes from like

the 60s 70s and 80s they've been

outdated in that they've been updated

but they're also in better locations oh

interesting closer to the highways so

one of the things in Vegas I found was

that uh families seem to like move to

the next new hot neighborhood uh every

few does that happen here too where

people actually still staying in the

older neighborhoods well it's a

combination of both but the Hot Topic

right now is Gilbert specifically

downtown Gilbert okay so they put

Millions into the downtown area okay and

right next to the downtown area are all

the homes from the 50s 60s and 70s ah so

you want to be close to downtown you got

to have a remodel 50s yeah oh

interesting The Farmhouse look all that

fun stuff is in downtown Gilbert the

ranch Styles the ones that do really

well down downtown Gilbert are the

airbnbs okay the ones close to downtown

yeah they're interesting distance and

those like really do those do well it

does is uh Gilbert pretty good about

those they license them I imagine they

are one of the things here just like

with any is like when you're starting to

get into the HOA neighborhoods yeah some

of them have the restrictions the

overlays exactly got it okay uh and so

if you were gonna do Airbnb you want to

be closer to downtown for Gilbert at

least is the same is that also true of

Chandler how does that compare yeah so

Chandler is like the brother of Gilbert

okay they've also put millions in their

downtown area okay and so it's like so

Gilbert actually started it and then

Chandler's like oh wait a second what's

going on we got to compete yeah and

they're just like oh that's funny I

started pumping uh money in and then

parking garages all that so uh Chandler

uh are we seeing anything close to

downtown in Chandler

um yes so we are seeing a couple uh

towards the Chandler so we'll see an

idea of that okay okay cool so uh this

would be more of your typical maybe they

work at either the warehouses or the

offices and then you know

family with a kid or whatever and

or a or a oh my gosh yeah so what are

the occupancy limits yeah like count

what is it two for family room two for

living room with accounts that's fine so

uh okay what um what about

I mean commute do you ever get people

that want to sell the homes here because

they're like oh I'm too far from my work

or do you not really see that

um

Saturday though yeah

no I don't see that at Khan okay because

a lot of people

um I think one of the big things that's

happened in the last few years with

Gilbert and Chandler specifically is the

infrastructure of a lot of the large

companies coming here but then you also

have a lot more shopping yeah so for

example like if you lived in Gilbert at

one point you had to travel to Chandler

to get to the Costco's and stuff like

that I see Gilbert's taking care of all

that okay got it okay great well let's

take a look awesome thank you so uh do

you guys have termite issues out here

because I see you have the aluminum

patio cover and oftentimes we see wood

uh they also look like they or that

doesn't even look like it's part of this

HOA this looks so different they've

re-succoed this one oh that's

interesting and they've also done the

when were these built 90s yep okay

so they did some new retrofit Windows

though for example if you we go further

away from downtown do you see sort of

the pricing drop off as you or no that's

the interesting thing is icing you don't

just because what what's happened is

that they've redone a couple of the big

ticket highways here okay it's they're

called the 202 and the 101 202 101. okay

and the 202 for the longest time would

cut off to a certain point when you're

heading east okay and they've actually

created that highway to extend and it

actually Loops you into the City of

Phoenix oh wow so now you can take that

Highway and that's all the way around

here somewhere yeah so you'll see the

South 202 a few miles away

and then

um

that uh has been a big deal because then

it's allowed people from East Mesa

Gilbert Chandler you have termite issues

out here absolutely yep so if you don't

just dry Woods yeah exactly okay

none like a dampwood wetwood none of

that stuff just dry okay oh yeah pest

control with tenants how does that work

s yeah

would be one of those things where I

have mine treated like every other month

I have a service come out okay your

rental or your house okay uh and then

how

much of a requirement of pools out here

well you'd get you're a couple hundred

dollars more per month 15 of people have

pools where we are yeah if here is

probably gonna be 50 Maybe

60 60 okay

that's another thing you have to kind of

balance out is the liability part of it

too yeah just lower the deductible

ideally want to time the bulk of our

buys towards probably this summer

towards the end of the year because

that's when we think you know we kind of

see the market still doing this right

even months now yeah yeah exactly yeah

how has that been for you guys like what

are you guys noticing so I had to work

through 0809 okay so you felt similar

yeah if you've gone through that that's

like our depression so yeah one of the

things is the the decline is still

happening yeah but here's the thing that

won't happen I don't think it's going to

go to the pricing like it was a third of

the price in the late 809. oh yeah it's

just like we were over inflated for the

past two years because of low interest

rates I think it's correcting itself

right the hard part to predict is when

do we hit bottom right right right so

um I think there's ways to go yeah

because I it took a couple of years to

get here yeah I think it's going to take

a couple of years to really good point

well even in in 0908 gosh the market I

think peaked at least in our area around

06 and it really didn't bottom until 11.

yeah I mean and and for us we're looking

at that as like boy if it we wouldn't

mind a five-year process where we could

buy I mean we would just keep buying you

know this is a great place yes Mr Jack

oh because a dining table would usually

go there but right now it's designed so

you hit your head oh I love it the

carpet in the bathroom got to get rid of

it but it's so perfect because you get

home buyers who come in here they're

like oh the room is so dark yeah because

the paint is dark red oh there's carp in

the bathroom replace it I love it

yeah but don't waste water we need that

out here oh a good shrink we've done

this before is this is the the

delamination of these mirrors here Jack

well actually do you can't feel it it's

from the back uh what we'll do is we'll

put like a little strip of molding

around it two or three inches and it

actually makes it look like a custom

mirror without taking that mirror off

how cool is that

all right so okay so we got our Master

over here vaulted that's nice this makes

it feel a little larger

and garage is

foreign

it is a finished garage

hey it's a fully finished garage that's

great okay

and well so a lot of uh garages in like

80s and Beyond you wouldn't have drywall

in there and I don't imagine it are the

grouches insulated here I don't imagine

all of them but not yeah okay that it

wouldn't be so much expected but uh it

gets so dusty when they're not finished

just in the garage you get the studs out

there so

starting to be a concern yeah it kind of

does you know also another thing is the

bull nose edges was this big thing in

the 90s now we're back to doing the

sharp edges oh Green carpet too

bedrooms over here

it's dad's favorite color

it this is I wouldn't pick this variety

of green but it isn't that I do like

greens all right great let's go next one

here we have an example of three

different styles of Arizona Turf Choice

One Rock Choice two pink Rock

then we go over here and you have choice

three dead Turf and then you have Choice

four

faked her those are the four choices you

have in Arizona which do you like

comment below one of the best agents you

can get is an agent who's also an

investor because they believe in

investing in the area and they make

personal decisions they know personal

vendors those are the people you want in

your network so if you're an agent you

should also be investing in the product

you're selling I saw Lakes when I took a

wrong turn there's a ton of man-made

lakes here a ton that's super popular do

they ever like dry out no can you swim

in them uh no they're chemicals so

they're like for fishing and boating

wait you said they're chemical what

they're like a ton of chemicals in them

so they're like a weird blue color

you'll also see in Gilbert and in

Arizona in general there's like a church

every block

is everyone Mormon yes so many wait oh

it's a heavy Mormons do you know how

like they have like the Bible Belt in

East the Eastern United States no I

never heard of that

um so it's like called the Bible Belt

it's like where a lot of Christians are

a lot of the event evangelists are okay

so in the Church of Jesus Christ they

have something called The Book of Mormon

belt where it's Idaho Utah Arizona I've

seen that play yeah so it's like that

it's like the Bible Belt of the Book of

Mormon belt wow so Arizona's like

third or fourth most populated state for

members of the church nine days ago and

they dropped the price from 490 to 425

holy smokes yeah that see now this is

where the prices start getting juicy

again uh let's go talk to this is a good

catch

all right number two that's exciting all

right let's take a look go ahead guys

there's no it's vacant right well you

guys can go run around and then go to

the park

[Applause]

okay

so interesting this is a pretty small

front family room

uh and then here's your I guess this

would be more your living room

interesting okay so now this one they

started at 490 on this one huh yes and

in January they were together

in January 2020. hey 2022. yeah yeah oh

my gosh uh and so they've been on for

almost six months here yeah okay

meticulous home in the Willows so on the

way over here we noticed

it's getting newer yes okay is that a

big attraction absolutely and so I don't

know if you guys took great road but

there's there's off that was just

put

it that's like the three level golf when

you get Top Golf yeah

oh interesting that's the sign okay

interesting it's not a surprise it's not

kept up because I don't know that

anybody's actually really using this huh

this is like something you park a little

barbecue here on and you spend most of

your time inside that makes sense how

often do you guys have AC issues and

maintenance like I imagine in the summer

you know you're running them all the

time yeah you can't even sleep without

it so the big thing is specifically the

rentals every six months yeah just

getting it serviced oh really oh you

just preemptively service these things

every six months because if there's two

things that always are going to be a

huge issue with rentals which you

probably know yeah here's 8C units and

roofs wow wow okay yeah that's

incredible if for some reason your AC

breaks in the summer oh you're gonna get

ripped off well you have to pay for the

tenants hotel stay oh no way oh so the

AC goes down you're putting people in a

hotel exactly yeah yeah it's interesting

this is it's not very large down here

with the newer homes you're getting

smart saving stuff it's I a it's

surprising because I thought okay more

land out here we'd be seeing larger

right that's interesting uh but now

you mentioned that you're not seeing

more turnover because of that people are

used to that no so the guy that guy that

was just here he's the um real estate

agent listing it oh okay yeah

tenant was here for four years oh wow

and then again my couple of rentals I've

had the same kind of like six years

that's incredible what would I mean so

this is probably gonna go out for

somewhere around four uh they should

just go to 399 and try to get somebody

right away

yeah exactly open that pool up but

beyond that this is nice the hinges are

newer you get the nice two panel doors

you know people go crazy they spend

money on like solid core doors like

nobody cares do people don't even know

uh unless you're a homeowner who's

trying to just waste money those are the

only people who care about that easy you

know one of the things I found with

these ceramic bowls is the water just

eats them away and that's what's

happened here in this one you all have

hard water out here yeah you're okay so

you do water softeners out here too

thumbs up or thumbs down from the kids

on the park

uh did you see the inside the house only

the downstairs yeah I was surprised it's

a a little bit on the smaller side

downstairs what year is it 2011. yeah

that's surprising

is this true that the new construction

homes they're only three inches or

they're not making like this was a four

no I know but like for your new

construction or the most newest

construction they're three and four

three four okay I just yeah I was

surprised by how small the kitchen was

um and I didn't see upstairs I mean and

obviously we could I mean if I would

imagine if you just go to uh 2400 square

foot or you're paying 600k but now

you're getting the larger space this is

1600. so they are more I mean you're

fitting four into 16 maybe it makes more

sense yeah but I I did I have to say I

did think uh well especially and I

already figure out what year did you say

to that 11 11 yeah I mean to me like

that seems like the at least it should

be a bigger kitchen right I thought so

but but then again you know maybe that's

just the square footage we're looking in

yeah the longevity of tenants has

actually been really good out here I

could see it I I have a Vibe of it being

very family friend friendly and I think

the people want that Community feel so

they stick around for that especially do

you ever have crime like really crime

issues Gilbert's one of the safest in

Arizona but interesting thing two years

ago Gilbert was actually voted the

number one family oriented city in

Arizona yeah it was a big deal here and

everyone yeah are people coming then

from like uh New Mexico or Phoenix or

where Cali that's where all right I'm

like what's going on in California yeah

Newsome

I have these family friendly aspect

because the families want to stay

grounded and created and not move a lot

well yeah because then all the high

schools like once you get your kids in

one high school you don't want them to

leave and yeah schools are a big pride

thing here so you want to see your kids

all the way through High School District

and you get the families here yeah

because then people have kids and then

they're like oh my gosh we wish we had

more people

okay all right let's go to the next one

all right hey people are intrigued why

like open door and offer pad and all

those eye buyers start here this is

always like the testing grounds oh they

start here yeah well so now they're

selling here

they're unloading here now yeah but um

one of the things the reason for that is

it's one of the very few cities where

the same county you can get to any

particular City within 30 to 45 minutes

oh wow and that's very intriguing for

them especially for finding workers or

whatever now we're in Chandler I have no

idea what to expect in Chandler but

supposedly it is a sister City of

Gilbert it did look like the median

income of handler was about two thousand

dollars less than what you get in uh

Gilbert median income's about 44 in

Gilbert here it's about forty two five

okay only one and a half thousand dollar

difference however Scottsdale 49.2

000 then you go to Phoenix or Mesa only

31.6 so big difference is in median

income very interesting we're looking at

the middle right now Phoenix being low

Scottsdale being high this be in the

middle okay

sweet larger single story yeah thanks

Phil

nice I smell the fresh paint they did my

favorite part for me that's interesting

they painted but left the kitchen cabs

hey quick interjection and reminder to

check out househack.com we're going to

be opening that up for non-accredited

investors within the next couple of

months which we're really excited to do

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get some benefits like extra free

warrants if you decide to invest early

check that out and learn more by going

to househack.com we'd love to have you

here you actually have a yard

uh probably pretty much nobody who can

really look in I don't think I don't

know if that's a bedroom that looks like

a staircase window up there Christian

you can see that window there with the

uh the circle window on top usually that

is a staircase usually not always but uh

I I generally don't see those little

half circles in bedrooms so you do have

a busier Road here what what this is the

one we pulled in on I think oh yeah okay

yeah so you've got no one behind you and

you've got some kind of

park or something back here

okay

so this looks like a uh like a Jacuzzi

pad or something here I don't see any

power though something that does affect

longevity for tenances if you could hear

a lot of road noise people could tend to

leave

what are you doing Jack Jack there's no

pool you said there was a pool

you're wrong it probably said pool no so

for a hundred grand you're looking at

four to five hundred bucks more in rent

so that might be what if see that's

probably what we were feeling is that

maybe people want the bigger space and

so you're actually seeing a

disproportionately higher rent because

of that like if I if I did I don't know

if I divided it out

uh I'll play some math on it I jack I I

saw it

that's interesting so the one that's

although but then again there's a 2151

over here why did that one rent so

little

that's interesting see there this

because this is our neighborhood that

one ran it for 350 bucks less oh and

it's active actually is it active so low

I wonder if it if it's vacant maybe we

can see it see what's wrong with it yep

you're Rod yeah they epoxied the floor

jack you see how it's painted with

Flakes and it's gray that's called Epoxy

paint and if you don't prime it well

it'll peel up because of those

lines the Expansion Joints yeah you do

that with concrete so it doesn't crack

yeah we're gonna have to fix that that's

unacceptable yeah I actually like screen

doors like this

see this is this is not just your

typical screen door it's also a security

door uh which then you wonder is there

more crying but uh you got the double

deadbolt which I saw they did that in

the garage as well and usually you will

you'll you'll you know have the flippy

thing here uh the Double key deadbolt is

interesting because then you can lock

people inside maybe it's Andrew Tate's

house foreign

different here

you got the fake security camera you got

the

double deadbolts everywhere you got the

security door they got a security door

too yeah slightly less I would say less

I love the fake security camera yeah

there's no way it's real

that's like one of those 12 stick ups

tonight yeah

any difference in crime that you've

noticed between the two so I'm just look

I saw this one garage and here they

locked it both ways like this so you

locked on the inside they got the fake

security camera they got you know like

they got the security door over there

Gilbert's

um less crying okay

Chandler butts up against the old the

old part of Mesa the median

um income is like one of the highest oh

that's your highest ZIP code right here

interesting that said not Satan Village

but what do people call it out here

yeah okay

my dad was just saying that if you have

a lot of rocks in the front you're

reflecting maybe more Heat against the

house so maybe a strategy is the part

that's close to the house you have a

little bit more Turf I don't know the

science on that that would be

interesting to look into it's a theory

we'll look into it all right well let's

go

oh you can't do rocks against the house

because of that yes but not in this uh

this size anymore what do you mean the

size you have to have some green on that

between oh oh you're saying like it

can't all be Rock like you have to have

some green in there okay oh that's it

because of heat the Heat and it reflects

the environment it's not good for the

environment oh interesting contributes

to global warming yeah okay let's go

now these houses look nice see the

problem though is as soon as you have

one person in the neighborhood with a

three-car garage everybody's jealous of

the three-car garage person this is what

I was talking about though

see you do a lot of rock see they did

Rock over there where it doesn't matter

you got a little seating area brilliant

that's another way you can separate up

the front yard the walkway rock rock and

then some grass even how they cut it off

over here brilliant

that's this this is a very nice front

yard so you've lowered your actual total

sod by 60 percent

you know the other stuff you don't even

have to replace it's just there for the

next 20 years this is great this is a

really good example I mean they could

have even come down another

you know

chunk over there but it looks great

that's nice see this WOW too Rocky I

don't know my take so offer pad sign

right here when I got in the business

there's Lauren she can corroborate this

when I got in the business and I started

working for my father-in-law's real

estate brokerage right as he was kind of

getting ready to retire

uh I'm like you know what I need to do

is I need to change the name of my

father-in-law's Biz to pad Realty and

he's like no bad dead no way and then

it's like I don't know I wouldn't have

used pad Realty again but it's funny now

there's a company called offerpad and

I'm like that's close to what my idea

was so this is this so pad Realty is uh

is an eye buyer or Pat offer pad or

whatever

okay and they don't do this type of

upgrades to any of the properties they

were just they were paying for them in

the a lot of the residents already had

this done oh so they were buying fixed

up places basically everything that's

dumb so one of the things that happened

was like over the past couple of years

they had like really strict criteria

where they would buy right and when the

market got so hot right that went away

and it was fine everybody they just

bought everything exactly it didn't

matter the location price point well

that's why they're knocking on the door

bankruptcy now yeah that's crazy so they

didn't actually do this work they bought

this from somebody else who just did the

work this is a brand new kitchen they

glazed the spider oh my gosh this used

to be that Ivory kind of yellowed

bathtub they glazed they glazed the

whole thing it looks great

Jack don't

yeah why not

Jack we're not here okay we don't want

to do

we did retali that's true yeah should I

please stop turning the water on okay

this is all glazed too this is all uh

that old uh marble the uh yellowed or

whatever but you could they I don't

think they did the best job this is a

little you can see it's a little

speckled but this whole sink everything

they just glazed all of this together

I mean it looks good but uh they could

have done a better job it just feels

very it feels like rough sandpaper not

that so much matters but yeah they glaze

this too see what's funny is you can

actually see in the drain how it got

painted the drain got painted as they

went to place this they took off the

screens I haven't seen that system

before so you screw it in this way and

then just tighten it in yeah slap it in

tighten the screw done

huh as opposed to actually sitting in

the frame of the window yeah I mean

something like this is moving ready the

gold mine is if you could find something

like this that's a fixer you have to be

fast you have to be there that day for

the 2000 to 2015 style properties

because they just sell so fast but

that's okay we can do that all right

this is nice

those kids are crazy man you guys are

nuts

oh yeah it is a double master see that

is nice Lauren's right that that really

sets you up for you have a guest bath

you have a double master sets you up for

a roommate situation potentially

I don't know if we would go for a two

bedroom ourselves but certainly if we

can find something in an area like this

where uh we can get a fixer-upper they

were coming they're coming now it's also

interesting they painted the baseboards

here the same color as the walls I'm not

a big fan of that blend in style but uh

they're doing that with the door frames

here as well so see this is a good

example again of that the way you can

style a backyard without having so much

Rock so I had no idea what to expect in

Arizona so I came to Chandler and

Gilbert and the first thing I needed was

an amazing realtor and I found one he's

right here Phil introduce yourself shout

yourself out Instagram phone number put

it out there really simple it's Phil

Shaver I work all of East Valley Gilbert

Chandler you can find me on YouTube and

Instagram Phil Shaver AZ awesome man

thank you so much you've been so helpful

and teaching me about the different

areas about the different Customs

tenants you do rental property as well

so useful when you're looking for a

realtor it's a really good idea to find

somebody who also has rental property

that way if you ever have to rent out a

home you got somebody who's got

experience thank you so much absolutely

man thank you so much appreciate it now

before we left we had to stop by and

visit an actual local resident of

Gilbert we also looked at this beautiful

new litter of Labradoodle pups that were

born we showed those to the kids we had

pizza with them we hung out with them

outside we learned about the areas we

learned about room rentals that they do

in their own rental properties in other

areas and various information about the

local community so getting to know an

area isn't just about looking at homes

it's not just about understanding okay I

gotta find a fixer it's about knowing

which areas do you want to focus on how

much can you learn about everything

involved around that area that the

people what do people do why do people

come why do people leave and then when a

fixer-upper comes up in that

neighborhood that's what you end up

striking on for example a lot of the

homes that we saw on that trip were not

fixer-uppers but that's okay we can look

at other properties to understand them

in the neighborhood and then we can look

for fixtures within those for example

there was one neighborhood where the

kids were playing at the park a fixer

that came up in that 2011 neighborhood I

potentially wouldn't have even Taft to

go out there to look at it I could just

buy it blindly because I know it's a

2011 property and I already know the

neighborhood whereas other neighborhoods

I could say hey that's a good deal but I

don't want to own in that neighborhood

or I don't want to own up against that

pissy road but you have to start by

understanding the area first becoming a

local expert and making sure everybody

in that area knows you and you're there

regularly all right Lauren Gilbert Mesa

Phoenix Chandler what did you think I

was really surprised I actually was kind

of like not super optimistic going into

like I never heard of Gilbert Arizona

before and I was very very pleasantly

surprised with how it gave me a really

nice family vibe there were a lot of

really really great neighborhoods and

then uh they have like these Central

Parks within each neighborhood which is

just like a playground a volleyball

court a basketball court things like

that and it just really adds to the

family Vibe I think with those types of

cities like Gilbert where it has that

family Vibe it encourages people to lay

their roots and kind of stay there for a

while as opposed to a city where maybe

there are constantly new developments

and people are always chasing the next

nice new development so with that I

think that you know people are likely to

stay longer which is just generally good

with uh buying and then renting out or

or whatever you may do well like you

mentioned when people put their Roots

down they also get their family their

in-laws their parents or whatever close

to them and their families we also

learned that the best pool to own is not

your own pool so

have an HOA that has a pool community

pool yeah and I guess out here they do

high schools that that have water parks

attached to them and then they open them

up to anybody who wants to use them in

the summer now it's another thing too

when you said High School

um we were educated that you know with

laying your roots you really want to

maintain this school district so you

want to stay in the same district to

have your same peers through your school

years so I I don't know I just really

think that generally we should look for

this type of real estate market uh

basically family friendly so we don't

have a lot of turnover yeah exactly and

then long-term rentals until we can be

certain that we're not running into an

Airbnb bubble that that's the last thing

you want but I'll tell you right now

rents are still at a level where you can

buy a property cash and actually get a

pretty solid cash on cash return

especially if you get a wedge deal and

who avoid the crazy financing that

everybody else is paying so your cash on

cash return for safe stable long-term

real estate actually pretty impressive

we'll run some some numbers but I was

pleasantly surprised much like you me

too

it's Arizona yeah

yeah maybe more perks for tax savings uh

or lower costs to live or buy or

whatever it may be there usually is a

reason why and there's for this it's

three months is very very very hot but I

think uh I don't know when you go back

to the roots of it being family I think

that you know yeah they have hotness and

other places have snow just you know

people have their their stuff and

everything's got A plus of money but you

know what they don't have to deal with

earthquakes and I don't believe they

have to deal with fires because there

are only rocks to burn out here there's

no vegetation generally just very very

pleasantly surprised if I and no Newsome

I mean yeah

so yeah I liked it it was fun thanks for

coming on our first trip of course