All Forum Posts by: Jimmy Rojas
Jimmy Rojas has started 55 posts and replied 101 times.
Post: Anyone saving liquid cash to invest once the crash comes
- Posts 101
- Votes 22
Quote from @Bob Okenwa:
I wouldn't hold my breath waiting for 2009-2012 prices here in the valley. If a deal pops up and the numbers work, buy it. You could be waiting for another 4-5 years to POTENTIALLY see a bottom if things play out like they did the last time, which I doubt but that's another story for another day.
Median home price is something near 450k right now. Not sure where you got that last property or what is was worth before prices declined, but I seriously doubt anything is going to be selling for 50k here ever again, let alone 1 acre properties with homes on them.
2421 w glenrosa ave phx, az
Post: Anyone saving liquid cash to invest once the crash comes
- Posts 101
- Votes 22
Im located in Phoenix, AZ and saving liquid cash to be ready once the crash comes, back in 2010 purchased a 1 acre property with a 4 bed room home (livable) in Phoenix, AZ for $50k out the door.
Post: Whats your opinion on recent media indicating a big crash
- Posts 101
- Votes 22
I know youtube is not the most reliable source for real estate news, but more than one real estate youtuber is mentioning that a big crash is coming as interest rates go up people will hold up on buying homes, there is a current stall on homes being sold and prices are slowly dropping, I live in Phx,Az and know this is one of the cities that gets hit the worst when there is a crash.
Post: Anyone here investing in real estate in Venezuela?
- Posts 101
- Votes 22
I been watching youtube videos recently on people that show prices (sold and on market) and homes in Venezuela, its insane, beach side condos fully furnished and in good condition for $20k, im pondering real hard in making a small investment and see how it goes, not all of Venezuela is in what the media tells you.
Quote from @Basit Siddiqi:
Closing costs are likely around $5,000 which leaves you $15,000 towards a 20% down payment. This will allow you to purchase a $75,000 investment home.
In Phx,Az you cant even get a dirt lot for $75k lol.
Post: Are real estate prices droping?
- Posts 101
- Votes 22
Post: Are real estate prices droping?
- Posts 101
- Votes 22
Hey everyone, i live in Phx,az and very frequently check out the MLS portal for real estate in Az, recently looks like there is a drop in asking prices and houses are not being swept off the market as fast as before, what is the reason behind this and could it be expected that the prices will drop even more, there is a lot of contradicting information on the matter, what liable place do you all recommend to get accurate info. Thank you.
Post: Wholesale investing in this high market is it possble to profit
- Posts 101
- Votes 22
Hey guys, forgive the ignorance, im new to real estate and would like to get my feet wet, looking for info online i stumbled upon wholesale real estate investing, I live in Phoenix,Az where the market is ridiculous at the moment, is it even possible to find a good deal and sell it as is to investors to make a profit, where do you even find these hidden gems, Im in the car business and whole sellers buy at dealer auctions (need license to access) and re sell for profit at other auctions.
Not looking for real estate agents so please to send me messages marketing me.
Post: Best states to buy cheap real estate to live in , not investment
- Posts 101
- Votes 22
Learn to read, I said preferably..........................
Post: Best states to buy cheap real estate to live in , not investment
- Posts 101
- Votes 22
Im posting this for my pops, he is 70yrs old and looking for his last home, hes a cash buyer and would like to keep it below $150k, single family swelling, not apartment,condo or townhouse 2bdr +, 10,000sqf + property, 1000sqf + living space, preferably in Phx,az as we have family there (I know super expensive market). Always look in the most famous online real estate searchers but by the time you see a good deal , its gone.