Help Me Find a Fixer Upper to Live In in Phoenix

[Hal Cranmer]

Hi,

I just quit my corporate job after purchasing 5 assisted living facilities and making more cash  from them. I am in the process of moving my family from Minneapolis to Phoenix. I am in Phoenix now and they will be moving down in late July/early August.

My wife agreed to us buying a fixer upper and moving in once we do enough renovations (if necessary) to make it livable. We should have about $100K to put down and I have an offer from another investor friend of mine to put another $300K into the deal as a 1031 exchange if necessary. He needs to find a home for his funds before the tax man comes.

It would be great to flip something after two years and take the profits tax free. Or if we use my friend's 1031 money, we could still make a bunch of cash even if we eventually have to pay tax. My wife really wants to live in the North Scottsdale/Cave Creek area.

Since I'm new to this market, I'm just starting my networking. I have a realtor who helped me find the Assisted Living Facilities, so I don't just need a realtor who will look through the MLS for me. I have that.

I'm hoping there are some investors or wholesalers out there who can find me a really good deal. One that they and I can both profit handsomely on.

Please feel free to PM or reply to this thread if you can help me out. I have excellent credit but I'm not sure how the banks will feel about not having a W-2 any more. Any kind of owner financing would definitely sweeten the deal.

Thanks.