Hey BP,I’m relatively new to the industry with about 1.5 years of experience, but I’ve already learned that automating common tasks is a huge game-changer for efficiency.

Biggest red flag, many EXPERIENCED and NEW LOs do is overpromising and under delivering. 

For example, avoid wasting time comparing new construction with sun-soaked windows to basement units with stained drop ceilings.

Stay disciplined and avoid rushing into deals without thorough due diligence.Resources for InvestorsIf you’re new to investing in distressed properties or looking to expand your portfolio, consider leveraging resources like:Local Realtors: Realtors specializing in distressed properties can assist in locating off-market deals and navigating complex transactions.Community Forums: Attend a local investor meetup or join online forums for the Phoenix market.Educational Tools: Search out webinars, workshops, or courses on investing in distressed properties.Final ThoughtsThe distressed property market in Phoenix is creating some excellent potential for the right investors willing to go the extra mile necessary to take on strategic risks associated with this category of real estate.

We drafted a short-term “use agreement” giving her a couple of months to find a new spot for her outdoor furniture and tools.

I gave her 30k in 2024 and that was to buy a new car to replace her 15 year old Accord (which just keeps on running). 

Not that I don’t enjoy dealing with tenants, maintenance, lawn care, Home Depot and Lowe’s trips and tenant change overs (I recently put new carpets, kitchen floor, appliances, vanity and mirror in the bathroom and fresh paint in my upstairs unit).

Federal Tax Benefits: You can claim depreciation deductions and may qualify for credits like Low-Income Housing Tax Credits or New Markets Tax Credits for eligible projects.3.

I am completely new in this industry but I am wondering how hard money and private investing works for flipping.

Also doing all new plumbing and electric service/panel upgrade to 200amps.