All Forum Posts by: Scott Scharl

Get in the Passive Investment game... no hammers required!

Blue Sky Homes is looking for Private Lenders for our 10% Loan program.

• Loan Contract is between Lender & Blue Sky Homes, LLC
• First-position deed of trusts available on Blue Sky projects
• Monthly interest payments are paid on 1st of the month
• Monthly interest payments commence one month following Blue Sky’s receipt of funds
• Standard loan period is 12 months with an option to extend if both parties agree
• Funds are repaid upon sale of property, refinance or expiration of loan term, whichever occurs first
• Final payment includes full amount of initial loan plus any accrued interest
• Blue Sky Homes retains the right to pay off the loan early without penalty
• Minimum Amount – $25,000
• Maximum Amount – $3,000,000

Since 2009, Blue Sky Homes has borrowed in excess of $60 Million and repaid lenders with a 100% success rate, representing over $3.5 Million in returns!

Contact us at [email protected] to learn more.

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Just finished: a beautiful new build in Arcadia, Phoenix, AZ: https://vimeo.com/165971863

Thanks @Jason Brenizer for the info. We are moving forward, and looking to do several more of these type of deals this year.

Thanks For your reply, Rebecca. In continuing my research yesterday, speaking with both the US DoJ and AZ Dept of Health Svcs., I determined that the opposite was true. since our facility will be neither publicly funded nor open to the public, ADA does not apply. Did I get that wrong?

Hi BP,

Can anyone explain how the American with Disabilities Act applies to an assisted living home? We are converting a SFR into a private, 10-bed assisted living home (our first project of this type), and I can't figure out how/if the Federal requirements apply to this type of property. Any advice you have is appreciated!

@Peter Dodd, this is an interesting strategy. I like the multiple touches with different media. What do you do with the homes that you buy (wholesale, flip, buy&hold)?

Hi @Kevin Ghaswala, what part of the Valley do you work in?

Great opportunity to grab a SFH in the popular but still-affordable
Coronado neighborhood near downtown Phoenix. Buy, rehab, and rent, or bump up the square footage for a value add remodel.

- Photos

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1. 1525 E Granada Rd: 2 bed/1 bath, 1,434 sqft, sold for $380,000 ($265/ft) on 4/28/16

2. 2505 N Evergreen St: 3 bed/2 bath, 1,270 sqft, pending for $365,000 ($287/ft)

3. 1512 E Windsor Ave: 3 bed/2 bath, 1,676 sqft, sold for $358,000 ($213/ft) on 4/15/16 

Home is occupied - Please contact us for access. Wholesale price is based upon a quick cash or hard money sale net to seller price.

Contact Jamie Harvey: 480-227-5848, [email protected]

Hi @Ryan Sweeney, welcome to BP. Just curious- what types of properties do you work with at your day job?