Phoenix Investors - Moon Valley Country Club area
Hey Phoenix Investors,
Just looking at the area around Moon Valley Country Club. Anyone doing any investing here? It looks like there are some potential opportunities for Fix N Flips (obviously market conditions are fluid right now). But wondered if anyone has targeted this area and wondered what kind of results you had.
Happy Monday!
Bob
Quote from @Bob Willis:Flips are a little hard to find right now in Phoenix. Some of your answer depends on if you will be flipping from out of state and whether you will be moving into the property when you are finished of if you will be putting it on the market.
Hey Phoenix Investors,
Just looking at the area around Moon Valley Country Club. Anyone doing any investing here? It looks like there are some potential opportunities for Fix N Flips (obviously market conditions are fluid right now). But wondered if anyone has targeted this area and wondered what kind of results you had.
Happy Monday!
Bob
I'm making offers on a couple of off market properties in Phoenix and Mesa that will make good flips and I'm buying them at prices that will make sense even if the Phoenix area market drops 10% to 15% which is projected. It can be done, you just have to be tied in to the right circumstances.
Quote from @Bob Willis:
Hey Phoenix Investors,
Just looking at the area around Moon Valley Country Club. Anyone doing any investing here? It looks like there are some potential opportunities for Fix N Flips (obviously market conditions are fluid right now). But wondered if anyone has targeted this area and wondered what kind of results you had.
Happy Monday!
Bob
Moon Valley is a huge mostly untapped subdivision that could benefits from some flippers going into. I have flipped all around it just not specifically in Moon Valley, entry points are too high for our business model.
I fix and flip valleywide. All that matters to me is margin. I'm not subdivision/city focused.
If the numbers work for you then do the deal, Moon Valley or elsewhere.
That said, I don't like to be the trailblazer in a new area. I always check to see that at least 1-2 other properties in the neighborhood were flipped and then I "mirror" their finish styles.
Good luck Bob!
- Accountant
- San Diego, CA
- 289
- Votes |
- 617
- Posts
If you are unsure of a particular deal, ensuring you have multiple exit strategies can shield you from potential plans going off course. For instance, I was chatting with a borrower who had a good ARV but would lose money if they rented it out. They are betting the entire project's success on hitting that ARV. Ensuring you have multiple ways to make or not lose money can really help you and your lender if you use one get comfortable with the deal.