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All Forum Posts by: Ben Leavitt

Ben Leavitt has started 6 posts and replied 11 times.

Post: Fountain hills Arizona

Ben LeavittPosted
  • Investor
  • Mesa, AZ
  • Posts 12
  • Votes 1
Originally posted by @Bevla Reeves:

Hi @Jesse Paulsen !

I have bought and sold properties in FTN Hills and it's my experience that sales are very slow and not conducive to multifamily or flips.  There aren't many multifamily properties (mostly condos) and buyers don't seem to be very interested in renovated properties.  It's mostly an older demographic and they want "Price over Pretty" which means, they prefer to pay less for an unremodeled house than pay for new finishes.  Open Door agrees with me.  I had a colleague try to sell them one of her flips that was taking too long to sell and they declined to submit an offer due to the long DOMs (Days on Market).  It's a beautiful place to live though! ;)

I ran into this trying to do a flip in Fountain Hills this last year. My flip sat for months and I slowly watched any hope of profit disappear. There is more than 1 reason obviously for this but a big part of it was DOM, things just don't sell quickly there. 

Post: Investor Meetup in Mesa, Arizona

Ben LeavittPosted
  • Investor
  • Mesa, AZ
  • Posts 12
  • Votes 1

looking forward to it!

Post: Partnering with people internationally (Canada)

Ben LeavittPosted
  • Investor
  • Mesa, AZ
  • Posts 12
  • Votes 1

How have you all set up partnerships with international partners (Canada specifically in this case?) Is there some business entity that is better than others? If the person in the other country is married to a US citizen can you get around some of those taxes/issues by doing business under their spouses name? 

Thanks for the advice and any experiences! 

I have time and I know a guy who has money and we are ready to partner on a deal. The questions is if your partner (the money) lives in Canada what is the best way to set up said partnership? 

Thank you for your advice and any experiences!

Post: Recommendation for broker to hang license in Phx

Ben LeavittPosted
  • Investor
  • Mesa, AZ
  • Posts 12
  • Votes 1

Dave,

I am was getting on BP to ask the same question. Let me know if you find a good place, I will do the same. 

Post: Investor friendly title companies?

Ben LeavittPosted
  • Investor
  • Mesa, AZ
  • Posts 12
  • Votes 1

Anyone have a good a investor friendly title company in Arizona? Thanks!

Post: Buying Property with Liens

Ben LeavittPosted
  • Investor
  • Mesa, AZ
  • Posts 12
  • Votes 1

@Rich Baer Thats along the lines of what i was thinking. Just like to bounce these things around when off other people when I have never done them before.  

Post: Contract for Arizona

Ben LeavittPosted
  • Investor
  • Mesa, AZ
  • Posts 12
  • Votes 1

Found a deal "walking for dollars" that will make a good wholesale. I have never wholesaled before and was wondering if anyone here in Arizona has a purchase agreement they use? Trying to lock the property up ASAP. 

Post: Buying Property with Liens

Ben LeavittPosted
  • Investor
  • Mesa, AZ
  • Posts 12
  • Votes 1

I am still a newbie currently in the middle of a live in flip. I recently took the family "walking for dollars" in the neighborhood and came across a FSBO single family being sold as-is and called the number on the sign. The property has some back taxes and liens and needs a lot of work but comes at a significant discount, falls within the 70% rule.

Since I have never dealt with liens before my question is, what's the best way to lock the property up but still give myself an out in case liens aren't "as advertised" or construction is more than anticipated?

Post: Newbie from Arizona

Ben LeavittPosted
  • Investor
  • Mesa, AZ
  • Posts 12
  • Votes 1

@Charlie Fitzgerald @Paul Santos Thank you all for the warm welcome!