All Forum Posts by: Brian M.

I second @Matt Morgan 's take.  Consider whether or not you're adding square footage for the sake of adding square footage.  If you have a floor plan that limits your buyer pool (2/1) in an area like MVale, it may be worth the investment to grow that pool.  However, your cost per sqft may make your return on that additional construction a wash.  

@Evan Wiesner , yes, of course.  You are right.  I must've misread along the lines here.  Could've sworn the question was specific to Phoneix, initially.  Whoops.  Good catch.  

Hey @Karim Baker!  Welcome to BP. 

@Drew Brock,

@Evan Wiesner is spot on.  I will share after having attended a dozen or so Auction.com auctions on the Phoenix courthouse steps that you will need to have a $10k cashier's check handy in order to be assigned a bidder's card.  There's a group of good ol' boys who tend to bid together there as well.  They're pretty easy to spot and tend to be on the phone placing bids for third parties.  Lastly, you will need t fund you deals next day if you have a winning bid so have your funding in place,  Your idea about going to friends for funding AFTER you have placed a winning bid is a recipe for forfeiting your $10k.  

Hi @Lenna Mau,

Welcome to the forums.  You're right.  There are so many fantastic people willing to offer insight on BP.  Please shoot me a line on off market deals you come across or let me know if there's something I can help you with.  Feel free to connect ;) 

Hi @David Chailim

Welcome to BP.  Please feel free to reach out to me with questions about Phx.  I'm a native and know it like the back of my hand.  I'm not sure what your goals are, but if you're new you may not know exactly what niche you're looking to move into.  Anyway, all the best!

Sean, 

Will you assume first position on a property that has an outstanding loan? I've got a property I've been holding for 8 months, paid my investor faithfully but am looking for a better term as my exit strategy has changed. I've got $75 of my own cash in a finished property and my investor has $320k. Property has ARV of $455.