All Forum Posts by: Evan Bell
Evan Bell has started 38 posts and replied 268 times.
Post: Looking for a good property manager in Mesa / Phoenix AZ
- Real Estate Agent
- San Diego, CA
- Posts 293
- Votes 109
Post: New Invest from Phoenix AZ
- Real Estate Agent
- San Diego, CA
- Posts 293
- Votes 109
Post: Investor, currently living in CA
- Real Estate Agent
- San Diego, CA
- Posts 293
- Votes 109
Post: New member - Orange County, CA
- Real Estate Agent
- San Diego, CA
- Posts 293
- Votes 109
@Kevin Robinson welcome! I'm a new member as well, a SoCal native now living in Arizona. My wife and I have the same plan as you, fix and flips which we will use to build our buy and hold properties. Good luck!
Post: Buying at Auction in Phoenix, AZ
- Real Estate Agent
- San Diego, CA
- Posts 293
- Votes 109
Post: Time, Money and Simplicity
- Real Estate Agent
- San Diego, CA
- Posts 293
- Votes 109
@Sharad M., listening to your podcast episode got me thinking along the same lines as far as doing the exact same basic rehabbing to every property, i.e. paint, flooring, etc. Thanks for sharing your story and helping me to think along the "work smarter, not harder" line.
Post: When is it time.
- Real Estate Agent
- San Diego, CA
- Posts 293
- Votes 109
Originally posted by @Hattie Dizmond:
From your question it sounds like your primary strategy is buy and hold. Is that correct? If it is, then the right time is when you've found a deal that meets your criteria.
You will likely need to be prepared to act quickly, so be sure you have a solid handle on deal analysis. And, make sure you know the answers to the following questions...
1. Do you know and have you written down your non-negotiable criteria. (I.e. max purchase price, min net cash flow, max rehab budget, target prop and neighborhood specifics, etc)
2. Have you decided how your prop will be managed? If the answer is you will self manage, do you know the applicable laws and requirements and do you have everything in place? If you will use a PM, have you interviewed and selected one?
3. Do you have a "purchase team" identified? (Think realtor, property inspector, contractor, etc)
Aside from those questions, I would encourage you to develop an acquisition sttategy, because cash flow deals may be hard to find.
Good luck!!
Good advice Hattie. I think it is important to have minimum criteria to stick to, should make finding a good property less of an emotional decision and more of a business one instead.
Post: The Journey has begun!!!! Closed on 1st property
- Real Estate Agent
- San Diego, CA
- Posts 293
- Votes 109
Congrats! Why did you decide to go into MFH to start out? As a new investor myself, I am curious and interested to hear why other new investors choose to take the path that they do.
Post: From 0 to 140 houses in 2 years. Now what?
- Real Estate Agent
- San Diego, CA
- Posts 293
- Votes 109
Post: Fix and flips in Arizona
- Real Estate Agent
- San Diego, CA
- Posts 293
- Votes 109