All Forum Posts by: Brendan Delahooke

Hi BP Team,

I am doing fix and flips in the Phoenix market, but recently my contractor took a large project out of state that is going to lock him up for several months. So now that I'm in need of a contractor, wanted to see if anyone has recommendations? 

Thanks for your advice. I reached out to a realtor I know in Prescott (not where I'm investing though) and they said doing this without permits wouldn't be an issue for resale or appraisal purposes based on prior experiences. They said it just needs to be done in a professional manner. I am NOT adding square footage or moving load bearing walls, just a face lift and new floor plan. I know there is a risk of being fined, but I'm seeing other flippers turn homes around in 30 days sometimes and there's no way they got the bedroom permitted. It seems like the changes would be easy to explain to a buyer + them knowing a licensed contractor did it. Am I missing something?

I am looking at buying a home that is a one bed, two bath 2,600 sqft home and adding some bedrooms. There is a very large living room that I want to build walls and create bedrooms out of to add value to the home. If I do the work unpermitted by a licensed contractor, is it illegal to advertise it based on the added bedrooms? Permit timeframes are long and I'm looking to flip the home. 

Hi Team,

I'm considering buying my first investment property out of state in AZ City and it's new construction. I'm a big BRRR fan and have done this to my primary and current rental in CA where I live, but don't think it's realistic to do out of state. If it costs me $55K to buy this property and cash flow $170 monthly before expenses/management, is this worth it vs looking for a larger return? The market has softened by $30K on the values in 9 months ($255K vs $225K). A little nervous since there's no major value add with it being new construction… thoughts? Experiences with new construction investing?