All Forum Posts by: Bevla Reeves

@David Nacco

Be in excellence.

Whatever that is for you.

Be authentic.

Be yourself when you're in excellence! 

Cheers to your success, congrats on getting your license! ;)

Yes!  Cut out the middleman and do what the wholesalers do!  

Knock on doors, send yellow letters, look for FSBOs (For-sale-by-owners) on Craig's List and spread the word to your friends and family that you are looking to buy houses from owners who don't want to list on the open market.

It's a lot of work, but just imagine getting paid for it by the savings you make from NOT buying from greedy wholesalers.  

If the wholesaler is charging $10k-$20k too much, then imagine "getting paid" $10k-$20k in sweat equity when you find your own deals!

You can do it!  Even if you just start off a few hours a week knocking on doors or send a few letters a week to out-of-state owners you'll eventually get a deal!

And don't rule out the MLS. I find ALL of my clients' fixer-uppers on the MLS! When the motivated seller is asking too much I negotiate the price down to a fair price and everyone's happy.

Find yourself a great investor/agent or investor-friendly agent with negotiation skills.

Plus, you have more protection as a buyer when you buy from the heavily regulated Multiple Listing Service than you do from the "wild wild west" of wholesaling!! ;)) 

Good luck warrior, I'm rooting for you!

You can screen tenants for criminal backgrounds, but you may be able to protect yourself from possible future criminal behavior by your tenants.

Have your tenants sign this addendum:

NOTIFICATION OF ENFORCEMENT OF CRIME FREE ADDENDUM TO RENTAL AGREEMENT

There's a great website by an AZ law firm with more information and free forms for your tenants to sign, DM me for the web address.

Also, there are 2 local Meetup.com groups you may be interested in:

/ScottsdaleRealEstateInvestorsGroup

/Flipping-Houses-in-Arizona

Cheers to your success! ;)

Do you have no smoking rules for your rentals?

What about smoking marijuana when they have a medical marijuana card?

You as a landlord still have some control over your rules!

Have your tenants sign a Medical Marijuana Limited Use Addendum.

There's a great website by an AZ law firm with more information and free forms for your tenants to sign, DM me for the web address.

Also, there are 2 local Meetup.com groups you may be interested in:

/ScottsdaleRealEstateInvestorsGroup

/Flipping-Houses-in-Arizona

Cheers to your success! ;)

@Ryan H.

Offer price and the ability to close the deal is all that the seller cares about.  Your agent should be an expert negotiator.  But if you go in knowing what the property is worth and it isn't too far away from the seller's asking price, there shouldn't be much to negotiate.

Good luck warrior!

@Clayton Howard

First, find an investor/agent or at least investor-friendly agent and start learning how to evaluate the market and properties in the area you want to flip.

Always remember you make your money on the BUY, so pay close attention to how much you pay for fixer-uppers and how much the MARKET says you can sell them for.

Don't get too fancy with the rehab design starting out until you know what you're doing.  If you don't have design sense, hire a designer!!!!!  I can't stress that one enough!

Follow local house flippers on Instagram so you can see what they're doing in your area, you can learn a lot from them!!

Buy where people want to live! LOCATION LOCATION LOCATION!

Good luck warrior! ;)

@Alan Grobmeier

That's funny!! ;))

When Your Flip Flops

What scares investors most? Is it losing money?

What happens when your hopeful house flip flops instead?

Come meet co-owners of Vig Home Investments, Emily Key and Masrur Huq, our 1-Hour Mentors and hear their story of how one house flip turned into their worst nightmare, how they made it through and the valuable lessons learned.

Is fear of flopping holding you back from taking on your first deal or second or third?

Here's your chance for a Q + A with partners who rose to the challenge, transcended their fear and through their experiences as investors are now teaching others how to be successful.

Fix and Flip Networking

Grow your business through networking!

Rehabbers, wholesalers, contractors, trades, lenders, title companies, and real estate professionals, come learn and network with people of all experience levels, newbies and pros, everyone's welcome!

Need connections, contacts, collaboration, and camaraderie?

Find it at this event. Everyone who attends meets everyone who attends.

You MUST RSVP at Meetup.com --> search for --> Flipping-Houses-in-Arizona https://www.meetup.com/Flippin...!

Must be 21 for this venue.

@Michael L Sakey

It depends on what BUYERS expect in your market.  And what is your competition offering?

Too often I find flips sitting on the market well past 100 days because they skimped on the rehab.

Buyers don't care about your budget and ROI if they don't like the house they're not going to buy it!

Good luck! ;)