All Forum Posts by: David Avery

Joseph way to go,  you may be able to flip a house for $35 K.  It comes down to if the kitchen needs a face lift or re done is all.  Most everything else is workable .  I really think if you find a deal maybe in Mesa, nicer pocket in Phoenix you may be able to land one that needs work.  Have your agent look at homes that have been on the market more than 60 days.  The owner is so  much more willing to negotiate because everyone in this area wants " move in ready".

Any help with the numbers on cost I know an expert at this!!

Good luck and go after your dreams!

Dave

If owner counters half way then he may counter again.  If he counters less than half then he is done with his counters.

If your creative your agent will find out what the owner needs, he may take his payments over time as long as he knows that money is going into the property.   So  many deals are made and lost because the agent did not find out about the sellers position and your agent.

I like the sound of the property but I am a contractor!!  I can fix anything!

I like that in 5 years you will  make more in equity than most people in 30 years of hard work and savings.

But, the first couple years may be like a bad relationship and you can't kick this out!

I worry that you may not be able to get it up and running like you should.

Wish you had 50K that you could just fix it all and that is my concerns!

Khalli,  welcome to getting it going this year.   Think most people are tired of waiting. When people wait 3-6  months in the Phoenix area they just lost $20-30K in appreciation.

My suggestion is jump in, your pretty close to your property to drive by and keep an eye on it.

Make sure your property is sound, great roof, plumbing. electrical, etc.  

Stick to your goal to get a property this year!

Dave                                           ROC 331866

Rita, welcome to real estate in this area , Phoenix.

Good news ,anything you buy will go up in value as this is one of the 

hottest markets, if not the hottest market.  With the interest rates so

low, it is a great time to buy.

Bad news.  there is not much inventory that stays on the market more 

than a few days.

Get a great Real Estate agent ( full time).   Get your money in order.

Down payment , approval letter from the bank. Get good Contractor ( I know one

very well) ! ROC 331866

Welcome and good luck.

Dave

I haven't seen a good wholesale deal since I have been here almost 7 months!

And I can do the work to get it ready to re market!!

Wholesalers dropping like flies here!

If a wholesaler has  any meat on the bone  then they will do the deal!!

Or they have a friend that will do the deal!!!

Almost not opening the email any more  "wholesale Deal".

Hit  Erase!!

I'm all ears if anyone has a good deal!!

Some area's within 30 miles of downtown Phoenix have gone up $30 K in the past 90-120 days.

With almost 320 more people moving here versus leaving it is one of the hottest markets we

have seen.  The economy is great and our state has stayed open during this FLU!

Arizona is where everyone is moving to,  the economy is booming and need for housing is in high demand.

Got a very savvy smart General Contractor in my Pocket!

If you choose this area!!

Good Luck

davidaveryconstruction.com

Most tax notice on Property go to the owner.  If you find out the owner you can just write him a letter.  It is public information to see who owns a property.  I know wholesalers and most Real Estate agents would be able to direct you to this site or if you go to your local state county building and ask them where you go to achieve ownership of a certain property, maybe google this information!

Good luck and way to look outside of the box  .

I would say if you don't have a way to buy the property yourself nor the money to do the work.

Remember part of something is better then nothing at all.

Make sure a good contract is written up, scope of work, and have it reviewed by a Real Estate Agent.

All documents reviewed or written up by  a Real Estate attorney.

With out knowing the partnership arrangement it is hard to really answer your question.

I have done several deals as a contractor!!

I have personally looked at close to 200 Properties since I have been here ( 6 months).

And I can make ' anything look good!

Wholesalers are keeping anything that has any meet on it!

There ARV is $30K overpriced!

And then there is someone that will pay for it at that price!!!

MLS Multiple Listing Service, you either need to make an offer on the very first day

or give lower offers on ones that have been on there 60 plus days.  I am starting to learn that 

if the properties need work, then you have a chance !  If they are ready to move it, there will

be multiple offers.

Need to find someone that can lead you to a good deal and then you need to jump on it

 ASAP!