Fix and flips in Arizona

[Evan Bell]

I am planning on doing fix and flips in Arizona, thinking Phoenix proper and surrounding areas. What is the market like for these projects right now? Is it possible to get these done for sub $100k as an all in number? Would like to find properties in the Class B neighborhoods if possible.

[Stone Jin]

Hi,

I think the market under 100K is pretty much gone at this point in Phoenix metro.  The inventory for houses under 200K is very competitive, so I'm not sure the margins will be there.  

You would have to get a smoking off market deal under 100K to make any money, and those are harder and harder to find.  You should network with wholesalers in the area and maybe they can find you something.

Best of luck,

Stone