Hi James, the question you ask is very broad. There are investors doing deals in virtually every neighborhood in the valley. The second part of your question is also very broad, different investors have different acceptable criteria. Some flippers are ok with just 10k profit and some are not. Some buy and hold investors are okay with 5% Cash on Cash return and some are not.
I think you will have to ask what type of investing are you willing to do and what type of returns are you willing to take.
@Stone Jin the question came into mind when I was in a forum where buyers were mentioning the class of property and location of property they prefer. I wanted to to have idea of what buyers considered.
@James Cloud What do you mean when by buyer, the investor or the end consumer (buyer of flip, tenant, buyer of wholesale)? There are many different people wanted houses in different neighborhoods, a doctor and a truck driver are likely to want very different product. As you know Phoenix is very diverse so buyers will be diverse.
I still think you need to figure out what type of investor you want to be, then the forum will be able to provide suggestions on which parts of town you want to focus on.
@stone Jin I’m basically saying what condition do buyers the people who purchase the home from wholesaler. Do they prefer a C class property or D class property.
@James Cloud I think I understand your question now. If you were to bring me a deal in Mesa/Apache Junction at about 70% of arv under 200K that needs a light remodel (new floors paint appliances and maybe counters and light fixtures) then I would be interested. However I do not represent the masses. Flippers are sending me anything from lots/ mobile homes to very high end homes. I would say if you are trying to wholesale, make sure that the end flipper can make some money and your ARVs are realistic, that should be your target acquisition.
Is it possible for any of you guys to send me a blank purchase contract and assignment addendum? New investor here from Florida. Please Help!!!
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