New investor in Phoenix area

[Kristin R.]

Hi BP!

My partner and I are from San Diego and interested in investing in the Phoenix area. We are looking to build a team to help us get started and manage long distance flips. Any advice and/or recommendations would be greatly appreciated!

V/r,

Kristin

[Melanie Johnston]

Hi @Kristin R.

Congratulations on starting your journey!

A good place to begin is coming over to attend events where the people you want to meet—contractors, etc.—gather and share ideas. I attend the fix and flip subgroup of the Arizona Real Estate Investors Assn (AZREI) as well as the AZREIA monthly meetings (and some of their educational events) and I’ve met some great people who I’m teaming up with in various ways. Go to AZREIA.com for their meeting schedule.

Coming over also gives you a chance to drive areas and increase your familiarity with neighborhoods that are more likely to give you a greater return on your investment. 

Competition for fix and flip properties is strong because our inventory is at historic lows. That said, opportunities still appear on the MLS and on the buyer lists of our very active wholesale community.

Are you financing your flip? I can recommend some hard money lenders you can evaluate.

A key player on your team will be a contractor you can trust. Also have some names for you. And you can meet them during your due diligence road trip.

I would be happy to show you some neighborhoods that are always in demand. And even explore helping you find off market deals.

Melanie