All Forum Posts by: Serdar Tuncali

It has become really hard to find fixer uppers in Phoenix unless you have a great network and experience. I was thinking maybe I could buy average houses in nice neighborhoods and upgrade them with upscale features and sell them above market value. Has anyone ever tried it? Would it be too hard to get it appraised even if I find a way to do it low cost and price it at a reasonable price for the neighborhood? Any suggestions?

Joe, Are they on MLS? If not how do we find them?

Thanks everyone for your responses. Looks like best thing to do is to start marketing for motivated sellers. However, it makes me nervous that I don't know much about what to do if I find a deal I can't afford.

Hi,

I have flipped or bought & held couple of houses in Phoenix last few years. I was hesitant to dive in to the business and I waited for all the stars to be aligned. Now that I am ready to dive back in to flipping business, I see no deals out there. I have been looking with my real estate agent / business partner for a while, but I don't see any lucrative deals in our price range. Is the flipping business dead in Phoenix now? Did the price range go up a lot for the same kind of deals? Is only way to find lucrative deals now to get into "we buy houses" marketing business?

To be more specific:

Our price range is below $150K for 2+1 single family in relatively nicer parts of Phoenix metro area (Chandler, Tempe, West Mesa, etc.) with a potential after repair value of $200K

We have seen lots of deals like that previously and actually flipped one in Chandler. However they seem to be gone now.

Thank you in advance for responses.

Thank you. We found this 2 bdr single family house in a nice Chandler area for 75K. There was a roof problem and it scared off the competition. We took the risk, bought it for 70K. After spending 20K to repairs, kitchen renovation, and basic cosmetic put it on the market for 110K. Got an offer for 120K in a few hours. I guess we got lucky on this deal.

Hello everyone, I just joined BP and wanted to introduce myself. My name is Serdar and I am from Phoenix, AZ.

So far I have flipped one house in Phoenix with my parents and another partner to get a taste. I must say I liked the taste and I have been craving it ever since. I am also holding one rental property with the same partner and that was a pretty good deal too.

I work full time in biotech field as a researcher, and I would like to go into real estate flipping business full time. I am also thinking about taking advantage of having a job by buying a few rental properties with mortgage which would potentially pay for itself.

Now I need to dig deeper in this forum and learn more about this business.