All Forum Posts by: Mike Dmuchoski

I like the proposal @Bob E.has and I've seen it work in South Phoenix but it can be a tough place to start.  

I'm partial to fix and flips but my advice is to start with a smaller project to prove proof of concept, develop some relationships, and ensure your investor gets their return.  It may not be a great payday for you but at least you'll get realtor commissions and you'll learn a ton.

If your buyer is financing with FHA, you have to wait 90 days from your purchase date.

This is an extremely interesting and exciting space.  Developers just completed a project in Downtown Phoenix.  It combines sustainability with architecture and affordability, and is a big gentrification trend.  

http://www.containersongrand.com/

It seems a little high but it may depend the removal labor. It mentions flat roofs which are sometimes a bear to remove. Also, the OSB sheets are a high number, if they end up needing replacement.

Try to get better clarification of where the expenses are coming in 

Impressive story. Took a lot of cojones! I'm sure the confidence you've gained from that transaction will take you far 

Casey, you can always the residential purchase contract that licensed agents use, and remove / amend as appropriate.

https://www.aaronline.com/wp-content/uploads/2015/09/Residential_Resale_Real_Estate_Purchase_Contract_Form_September_2015-SAMPLE.pdf

Sounds like you're on a great path. Welcome to the site and best of luck in your REI adventure.

PM me and I'll be happy to recommend a good, investor-friendly brokerage.

@Bob E. Just PM me and I'd be happy to provide a preferred vendor.

For a full unit, I'd guessestimate starting at $4-5k and going up from there depending on several factors eg SEER, location (roof?), brand.

Jane, PM me and I'd be happy to recommend the tax professional that I use.