All Forum Posts by: Scott Scharl

Fix & Flip JV Opportunity in Phoenix

Experienced Sponsor: Blue Sky Homes (www.nickblue.com)

NEED: $200k CASH Investment

1-4 Investors: One investor can do the entire amount or we can diversify up to 4 investors at $50k each.

PROPERTY: 3,200 Sqft Home in Premier Neighborhood
Purchase Price: $650k
Rehab Cost: $100k
After Rehab Sale Price: $950k-$1M
Projected Profit: $120k (Pre-Split / 50/50 JV Partnership)
Projected Time for Investor(s) Return: 6 Months

ROI: 30%
Investor(s) Cash: $200k
Investor(s) Return: $60k
ROI: 30% in 6 Months

CONTACT: Nick Blue, Executive Director of Blue Sky Homes

480-688-8904

[email protected]

Thanks @Mindy Jensen!

Hey @Lenna Mau, welcome to the forums! You'll find lots of useful info and make great connections here on BP.

I work for a development company, Blue Sky Homes. Let me know if you have any off-market properties that you think would make great flips or new build opportunities. Thanks!

Hey BP Admins,

Have you considered adding a box under the "Social" category where we could include the link to our LinkedIn profile? I think many more people use that than Google+. 

Thanks!

Hi BP Pros,

Anybody have experience with refinancing an entire rental property portfolio under one global loan? My company is considering the idea for assets valued in the ballpark of $3 million.

Would appreciate hearing about how you employed this strategy, and if you have any recommendations to lenders in that space.

Thanks!

Thank you very much for the advice, @Bill Exeter.

Posting a question for a friend who's not on BP. I was interested in hearing the answer, so I figured I ask what you all think:

In 2004 he sold a rental in CA to buy 3 rentals for cash in Idaho via 1031. If he now want to buy 3 rentals in AZ w/ leverage via 1031 could he do each transaction separately? Would he have 45 days to identify and 180 days to close for each Idaho property? Or, because it started with one rental in CA, does he have to keep the three Idaho properties lumped together to sell all at once? Thus having to identify 3 properties in AZ at the same time.

Thanks for your advice

Hey @Dillon Dolansky, welcome to BP! What are you thinking, maybe buy a property that could double as a vacation rental while you're at sea?

@Taylor Campbell, is this deal still in consideration?