All Forum Posts by: Brandon LaVallee

Quote from @Gabriella Borukhov:

Quote from @Brandon LaVallee:

It depends on what the location is in Old Town. When does the lease start? Spring training and close to the Giants stadium could be a big win for you. Are you familiar with all the new rules with Scottsdale Airbnb's? I lived in Old Town for 11 years and just moved. Had an Airbnb there as well.  

I'm aware that you have to register for a license to operate as a short term rental. It's not too far from the Scottsdale stadium. It's near Vista del Camino park. The lease starts next week after I sign the contract. How did you do with your airbnb? Would you recommend it? 

I did well, I didn't do the best job of maximizing the spring training months. Summer is definitely slower. I do recommend it. Here is my referral link if you are not a host yet - https://www.airbnb.com/r/brand...

Also here is a link to all the things you need to do outside of registering. https://www.scottsdaleaz.gov/c...

It depends on what the location is in Old Town. When does the lease start? Spring training and close to the Giants stadium could be a big win for you. Are you familiar with all the new rules with Scottsdale Airbnb's? I lived in Old Town for 11 years and just moved. Had an Airbnb there as well.  

Thank you, Matt! Ditto! Hope we cross paths soon.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $395,000
Cash invested: $75,000

South Mountain Flip

What made you interested in investing in this type of deal?

Purchase price vs comps.

How did you find this deal and how did you negotiate it?

The agent found me on the MLS because of the number of transactions I have done.

How did you finance this deal?

Hard Money.

How did you add value to the deal?

Full remodel.

What was the outcome?

Still on the market.

Lessons learned? Challenges?

Bought with section 8 tenants in place. Lots of learnings with this, ask me!

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes, I had three partners on this deal, all agents like myself.

Investment Info:

Single-family residence fix & flip investment in Gilbert .

Purchase price: $440,000
Cash invested: $65,000
Sale price: $605,000

Waterfront in Gilbert. Sold before we finished putting in the floors!

What made you interested in investing in this type of deal?

Waterfront.

How did you find this deal and how did you negotiate it?

The seller found me on Yelp. Yes, I negotiated it.

How did you finance this deal?

Hard Money

How did you add value to the deal?

Floors, carpet, paint, bathrooms, garage, landscaping.

What was the outcome?

Made 100k.

Lessons learned? Challenges?

Issues with the roof from a poor initial roof inspection that bit us on the resale. Many more lessons, ask me!

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes, me:)

Investment Info:

Condo buy & hold investment.

Purchase price: $177,000
Cash invested: $10,000

2BR/2BTH Old Town Scottsdale

What made you interested in investing in this type of deal?

Location

How did you find this deal and how did you negotiate it?

Friend, yes.

How did you finance this deal?

Conventional loan

How did you add value to the deal?

Paint and fans.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Brandon LaVallee (I am a broker:)