All Forum Posts by: Evan Bell

Adam Bird welcome! I am from Maricopa and just getting back into investing after a few years away. Patrick McCandless I'm gonna send you a colleague request so I can add you to my network.

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Joyannah Lonnes welcome to the community!! As a new parent to a beautiful baby girl, I fully understand your need to make sure your daughter is taken care of in the future. My wife and I are completely motivated by being able to spend as much time as we can with our daughter. Good luck with your investing! Jeff Greenberg I would be interested in talking to you about passive investing as well as MFH as these are two aspects my wife and I will be looking at in the next couple years.

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@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!

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Interesting topic as I am a new investor in Maricopa, AZ and have never bought a house at auction. I'm thinking it might be a good strategy for my plan to fix and flip and eventually transition some of that money into buy and holds.

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@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.

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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.

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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.

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Jay Hinrichs what does MHP stand for? Will Wu l hope to one day have this same problem! If you dot mind sharing, how were you able to buy so many properties so quickly?

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Stone Jin Matt Morgan Douglas Davies Jayden Pudney Bevla Reeves thanks for the insight. I did a flip in 2010 for an all in of $66k that we sold for $99k. I haven't done any investing since then, and therefore have no idea what the sub $100k market looked like, or if it even still existed. I figured it might not still be around, sad to hear... Jayden Pudney can you add me to your buyers list and send me any properties you have in inventory please? It'd be much appreciated. Please PM me so I can give you my email address. I'm thinking that partnering with another investor might be a good way to go. I'd have to keep my all in number somewhere around $60k-$70k right now. I wouldn't be able to invest again until sometime this spring, so I am working on building a solid network right now. I do appreciate all the help everyone has been thus far.

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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

Post: New Invest from Phoenix AZ

Post: Investor, currently living in CA

Post: New member - Orange County, CA

Post: Buying at Auction in Phoenix, AZ

Post: Time, Money and Simplicity

Post: When is it time.

Post: The Journey has begun!!!! Closed on 1st property

Post: From 0 to 140 houses in 2 years. Now what?

Post: Fix and flips in Arizona