All Forum Posts by: Account Closed

Yes that was the orignal question and good to know Richard, market is changing so fast. I remember when I started I was able to go to the MLS, craigslist, and find deals left and right. You now have to do direct contact with homeowners or run ads to find sellers.

Congrats on your newest acquisitions ! Seems like you have great experience, is this your first deal in Flagstaff? 

Originally posted by @Charlie MacPherson:

Done - and a note of caution on comps. 

Without deep local knowledge, it's not possible to deliver anything better than the random dart throw of Zillow - and those are often so far off as to be laughable.

In the Boston area with an average sale price of $765K, being within 20% of the true market value 79.3% of the time means that the predicted error is $153,000 or less, except for 20.7% of the time where the error will be MORE than $153,000.  Not only is that a useless number, it's dangerous when people rely on it.

This is something that we Realtors have to struggle to overcome.  We talk with sellers who have an inflated view of their home's value because "the Zestimate said $XXX,XXX", but we know it's not.  Investors who rely on these numbers can get hurt too.

I still run comps manually.  It takes me 30-60 minutes to do them, but when I tell a seller what their home will sell for, I'm almost always well within 5% of the actual sale price.

The bottom line on comps is that no data is better than bad data.

Sounds like you really know your stuff, mind recording your screen and sharing with us how you do it ? 

There is free programs that screen record like Apowersoft program

@Richard Trayer

I see makes sense what is your average buying price if you don’t mind me asking do you have any key things you look for before buying ?

Maybe square footage ?

Price ?

Anything else ?

Do you jay to market ? (Don’t worry I am not going into that zip code it is for experienced investors I’m still in the $300k price points plus my main focus is wholesaling & retail sales)

And yes I know exactly where?

Really nice area for sure, south of Paradise Valley. How is the market right now for you in that zip code ? Are they lasting average days on the market ? Still finding good deals ? Where are you getting your deals from ?  

Congratulations !!! Many more to go !

You can find some great ones for $60k in Phoenix AZ 

Hello guys,

What is a good zip code or area that you are currently fix n flipping in where you can buy properties from the market, add 1,000-1,500 sqft and sell it for twice the amount you purchased it for ?

In other words area for experiences fix n flippers

Hello BP,

I was going through my county records and stumbled upon an LLC that buys nothing but sheriffs deed sales for 30 cents to the dollar, but I just can not believe they are really buying for that price even though that is what it states on tax records and the deed says that LLC was the highest bidder.

Does anyone else get these prices at auctions ? 

What is the trick ? 

Hello Guys,

If you were about to 1031 exchange a couple of properties and they are about to profit you 100k, what would you 1031 exchange that money into? In other words what strategy would you use to turn that 100k into more profit faster ? 

-Would you buy 1 single family home ? 

-1 townhouse or condo ? 

-3 townhouses ($32,333 down into each townhouse) ?

-1 Triplex ? 

Please explain your answer, the goal is to create 100k into 500k the fastest way possible. 

-

Does anyone know a reliable and flexible portfolio lender in Phoenix, AZ that you can direct me to ?