Let's Make Some Money Together!! 7 posts by 5 users

Posted: 09/08/2007 at 12:18AM

Hello Everyone,

I thought I would let you know a little more about what I'm doing and hopefully we can do some business!

I am a Realtor/Investor specializing in Maricopa County, AZ. I have been on the Acquisition end for the last 4 years, BUT since the turn of the market, I've turned my attention to Buyer Agency. I am constantly working with NUMEROUS Investors & End Users to find great wholesale investments. The types of properties I specialize in are Foreclosures, Fixer-Uppers, Rental Property, Commercial, and Multi-Million dollar REO portfolios.

Thanks,

Rafael

Posted: 09/09/2007 at 11:17PM

Well, I'm just trying to make a difference in the world like everyone else. ;-) Thank you and I look forward to contributing AND networking!

Posted: 09/12/2007 at 07:25PM

Rafael,

Good to have you join us. Please share how you locate these deals and give us some examples of % of FMV etc.

I look forward to getting to know you!

Posted: 09/13/2007 at 11:33AM

Hey Guys....Sorry for the delay, but it's been kinda hectic over here recently. Lots of things going on.

Well, I receive A LOT of my available inventory through various partners/associates I've been doing business with for the last 4-5 years. When I started, like a lot of other aspiring investors, I MAINLY focused on Acquisition. So, I had my marketing & networking efforts dedicated to making offers and purchasing/controlling properties from distressed sellers AND other wholesalers. That worked great in '04 & '05 because I could get something under contract on a Friday and have it in Escrow with a new buyer/investor by MONDAY! In that type of market you didn't need to be good at marketing to SELL your property AT ALL! So, I was a Fix & Flippin/Wholesaling machine.

BUT, when the market changes to a buyer's market you suddenly have your homes sitting on the market for A LOT longer. So, to make A LONG STORY short, that is why I switched to focusing on buyer agency. So, now I focus on getting buyers to work with me and once they are qualified and ready to purchase, THEN I match a property up to what their criteria is.

Not a lot of Realtors have a " Plug" into Private, NON-MLS, distressed, Wholesale deals like I do, so it works in my favor as far as competition goes in my area. The deals I get VARY widely.....Single Family (55-80% LTV...Commercial (same LTV)....Bulk packages, etc.

I am in Maricopa County, AZ (Phoenix Area) so our market is still pretty strong. So, LTVs aren't AS LOW as the Midwest or other Central places. But, our median price range is $250k-300 and we have a strong luxury home market as well.

Hopefully that gives you guys a better picture of what is going on in my neck of the woods.