All Forum Posts by: Brett Tvenge
Brett Tvenge has started 15 posts and replied 254 times.
Post: Looking for wholesalers in the Phoenix area.
- Flipper/Rehabber
- Phoenix, AZ
- Posts 268
- Votes 152
Originally posted by @Lisa Caracciolo:
Hello All!
I was hoping to get some contacts to wholesalers that people are having luck with in the Phoenix AZ area. I've been looking at the properties that some wholesalers are sending me and none of them are 15% - 20% below market value....I'm not sure if I'm just running my numbers wrong or if anyone else if having this problem as well. I'm even seeing properties being offered by wholesalers that are taken from the MLS (pending status in the MLS)....Is this normal? Any contacts or information/insight would be greatly appreciated :)
This is absolutely true for our local market. Wholesaler's are getting to 95% of the MLS deals, locking them up and blasting them out to the buyers (you, me, etc.). I used to buy almost exclusive from wholesalers and over the last 9 months it has shifted tremendously.
Post: Looking for wholesalers in the Phoenix area.
- Flipper/Rehabber
- Phoenix, AZ
- Posts 268
- Votes 152
This is absolutely true for our local market. Wholesaler's are getting to 95% of the MLS deals, locking them up and blasting them out to the buyers (you, me, etc.). I used to buy almost exclusive from wholesalers and over the last 9 months it has shifted tremendously.
Post: Wholesale Real Estate
- Flipper/Rehabber
- Phoenix, AZ
- Posts 268
- Votes 152
@Ethan Neumann no, you never take title of the property. You never “own” the property.
Post: Modern Phoenix New Build Duplex
- Flipper/Rehabber
- Phoenix, AZ
- Posts 268
- Votes 152
@Luke Basler nice job, I saw this one pop up on MLS about 2 weeks ago. I thought you did a nice job. What was your role on this property?
Post: WHAT DO YOU THINK?? PAINTING RENTAL HOME
- Flipper/Rehabber
- Phoenix, AZ
- Posts 268
- Votes 152
@Jay Lee the bid would be on overall square feet of home. For example my painter is $1 a foot NOT including paint. Or roughly 1.50$ including paint.
So on a 1500 square foot home, $1500 labor and $750 in paint roughly.
We only use Dunn Edwards for all paint projects including interior, exterior, cabinets, etc.
Hope this helps!
Post: MF Conferences You Are Attending in 2021 (Virtual or IRL)
- Flipper/Rehabber
- Phoenix, AZ
- Posts 268
- Votes 152
@Spencer Gray following
Post: What Expo’s/Summit’s/Conference’s do YOU attend?
- Flipper/Rehabber
- Phoenix, AZ
- Posts 268
- Votes 152
Hey BP, I have been on this site for awhile now. I currently flip in the Phoenix,AZ market and invest in rentals here as well.
I am curious as to what expo’s/summit’s/conference’s you have gone to or are looking forward to going to in 2021!
One of my goals this year was to attend more, that is the reason for this post!
Post: Mid Century Dream Home for sale- Phoenix (full gut complete)
- Flipper/Rehabber
- Phoenix, AZ
- Posts 268
- Votes 152
@Brett Tvenge at a 595k purchase price the margins are paper thin in this neighborhood. Best of luck!
Post: Mid Century Dream Home for sale- Phoenix (full gut complete)
- Flipper/Rehabber
- Phoenix, AZ
- Posts 268
- Votes 152
@Lisa Caracciolo Lisa do you own the property now? What is your goal for this property?
Post: Path of growth in Phoenix - Taiwan Semiconductor
- Flipper/Rehabber
- Phoenix, AZ
- Posts 268
- Votes 152
@Austin Manke Hey Jason,
Austin nailed it. Exactly why bought it the ‘newer’ area right off the i17 and Sonoran Desert. Our subdivision was built between 2015-2018 and homes are reselling for almost double what homeowners paid and going over list price by the end of the weekends. It is a great time to be in real estate but especially in the North Phoenix area.
If we were to rent out our property we would cash flow over $1100 a month.