All Forum Posts by: David Avery
David Avery has started 2 posts and replied 980 times.
Post: Should I become a real estate agent at 18?

- Flipper/Rehabber
- Phoenix Arizona
- Posts 1,023
- Votes 686
Sorry for updating.
I would shadow top agent.
Post: Should I become a real estate agent at 18?

- Flipper/Rehabber
- Phoenix Arizona
- Posts 1,023
- Votes 686
Congratulations on.your goals and ambition
I wouldn't shadow one of the top agents in your office.
He/She will teach you more than 20 books and 10 seminars on Real estate.
Go with he/ she to.show houses, filling out the offer, and making all the procedures to closing .
Get your hands wet , experience
.
Post: Best areas to invest in starting out?

- Flipper/Rehabber
- Phoenix Arizona
- Posts 1,023
- Votes 686
Invest where you live is best.
Get a great Agent
Get a great Contractor
Get a Mentor to make it happen
Phoenix area doubles in value every 4 years.
Post: Which are the good areas in/near Phoenix to buy an investment property in?

- Flipper/Rehabber
- Phoenix Arizona
- Posts 1,023
- Votes 686
Single family home.
4 bedroom 2 full bathrooms.
Lots of area's in Mesa. ,Apache Junction,
Get a great Agent, Contractor , Mentor .
Good luck Ashni. !
Post: When would you buy a property with a negative cashflow?

- Flipper/Rehabber
- Phoenix Arizona
- Posts 1,023
- Votes 686
In Areas of Phoenix .
Scottsdale, Gilbert, SanTan Valley, Queen Creek.
House's have double in price in 3-5 years.
Who cares $200 negative first 6-12 months than positive cash flow.
This is why people from all over the nation love this place. 😀
Post: Advice on repairing basement and potential structural issues

- Flipper/Rehabber
- Phoenix Arizona
- Posts 1,023
- Votes 686
Engineers cost more than attorneys and theirs report could" kill the deal"!
I would have a plumber or hansyman . Dig a spot in basement that could accommodate a sump pump .
Even if you half to cut through 4-7 inches of concrete. Make sure it's by an electrical Outlet.( That could cost a little)
The Engineer cost is still going to more and his report will suggest all that I stated plus much much more
Good luck
Post: Can Cash Buyers Submit Offers Directly to Sellers' Agents?

- Flipper/Rehabber
- Phoenix Arizona
- Posts 1,023
- Votes 686
ABSOLUTELY YES
Because you're agent has 3% of play in sharing the 6% commission.
Hopefully this makes sense.?
Post: Are Realtors required to present offer?

- Flipper/Rehabber
- Phoenix Arizona
- Posts 1,023
- Votes 686
I only hire Realtors that are very good negotiators. My agents would never waist my time with low ball, non negative deals.
MY agents know my lowest acceptable price.
Post: In search of a mentor

- Flipper/Rehabber
- Phoenix Arizona
- Posts 1,023
- Votes 686
A good Mentor should have.
1- Years of Construction experience.
2- Years of Real Estate experience.
3- Listening and answering questions and concerns.
PEASE don't fall for the 25 year old , that took classes on the above.
Post: Should I sell my rental?

- Flipper/Rehabber
- Phoenix Arizona
- Posts 1,023
- Votes 686
Quote from @James Haggard:
Quote from @Theresa Harris:
If you sold it, what would you do with that money and how much income would that generate compared to keeping the house with the added costs of buying out your partners? Are there any major repairs that are coming up in the next few years (eg new roof)?
Thank you!
If you don't need the money, buy them out minus commissions and closing costs, etc.