All Forum Posts by: Clayton Coombs

I have installed shaker cabinets in several of my flips and Diamond kitchen & bath has always been the best prices and quality that I have found.

I know throughout the country CAP rates vary and Arizona certainly doesn't have the best CAP rates. However I was curious what other investors would consider an "Average" CAP rate? Preferably in AZ.

I'm from Phoenix, AZ and have been doing several fix/flips over the last 18 months. I'm transitioning into buy/hold properties and would like some input from other local investors. We all know the higher the cap rate the better (I prefer 9% or better) but those seem almost impossible to find. What would you consider average for Maricopa county (Phoenix & the surrounding cities?)

Secondly I have several people who have seen how well I've been doing in real estate and they want to invest. I'm trying to think of a way I can find them properties that will give a good return (Since the stock market has been so volatile) and take a slice of the pie for doing so. Ultimately I want more residual income and I'm thinking if I can get them a good return and could have a little residual income from each property that would be ideal! I just don't know how to structure it and I don't want to be a property manager. 

By the way I am a licensed real estate agent in the state of AZ. 

Phoenix market is really hot for wholesalers! However finding a deal with good margins to flip is a different story...

I have also had a lot of trouble finding anything close to the 1% rule. I currently have one that I picked up 6 months ago but it's because I got a steal on the house. Purchased for $90,000, Put $20,000 into rehab ($110,000 invested but recently appraised for $165,000). Rented it out for $1,100/ Month on a 12 month lease. I want to purchase more rentals but the high sales prices & low rents has me focusing on fix/flips right now. 

welcome Justin! I think you will really like the bigger pockets community, there is tons of info & people to help answer your questions. I would also recommend becoming a member of AZREIA (Arizona Real Estate Investor Association) that’s a great place to network with people and get local information.

I also live in Peoria,AZ. I grew up here and grew up around real estate investing because my parents have been doing it since I was born. I became a licensed real estate agent 6 years ago helping people buy and sell homes. This year was my first year investing my personal money but I completed 4 flips and purchased a rental property. 

If you would like to connect with someone local i’m happy to help anyway I can. Good luck with your investments! 

Thanks for the feedback everyone! I think I'll stay away from the bandit signs, It was tempting because they are so cheap and get lots of exposure. I just started getting into flips earlier this year and I'm working on my 3rd deal but I found them all from word of mouth really. I'm wanting to do more deals in 2018 and Bandit signs was one of my ideas because they are cheap and don't take much time but it sounds like they are pretty risky. Thanks again!

I see them everywhere but from my understanding they aren't legal. I am contemplating on having some made and putting them on street corners in areas I want to invest in. Does anyone have any experience with them? Are they legal? Will I get fined? I would put my google voice number on the signs which is forwarded to my cell phone and also thinking about putting my investment website where they could also contact me. I imagine each city will have their own rules, I'm wanting to put them in the West valley (Phoenix, Glendale, Avondale, Goodyear, Etc)

Suggestions would be helpful, I don't want to get fined. Thanks