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All Forum Posts by: David Avery

David Avery has started 2 posts and replied 980 times.

Post: Phoenix Arizona BRRR/HH Analysis – 1st Deal Advise (New to REI)

David AveryPosted
  • Flipper/Rehabber
  • Phoenix Arizona
  • Posts 1,023
  • Votes 685

So , my thoughts and concerns,  Wish the property was 3 miles East and North.  Then you have something that will double in price in 5 years.

The way the listing is written, @ units are occupied and the third is re-habed to the 9's and vacant.

I would make sure to see the other 2 units, They could really be trashed, or they could look ok.  Don't buy it until you look at them, please.  Hopefully your agent is taking care of that. If not fire your agent and hire Don to do it,  I am sure he would.

If the other 2 units look bad , but your still sold on the property, I could direct you as to how to get the most for rent for the least amount or Re-hab.

Get those rents up and the units very nice, Re paint the outside Trim to a light color so the sun won't ruin the facia , etc, etc.

Might be great section 8 rentals also.

Good luck man!

Dave

Post: Questions about Real Estate Photography

David AveryPosted
  • Flipper/Rehabber
  • Phoenix Arizona
  • Posts 1,023
  • Votes 685

Shaun,  this is from my prospective, Pictures make a difference, since we are all visual creatures.!       '" pictures speak a thousand words".

My last agent in Colorado had a professional Photographer and charged him $125.00.

My houses looked so good on the MLS.

Please vote for me and good luck Shaun

Post: What do Investors look for in real estate agents?

David AveryPosted
  • Flipper/Rehabber
  • Phoenix Arizona
  • Posts 1,023
  • Votes 685

Okay, If I give you this advice , I deserve a vote.

After doing of 1000 deals this is what makes a great real estate agent.

1- He takes your calls and text.  He is always available to show you properties, He is always looking 

for great deals and will put his client ahead of his own deals.

2- Learn a bit about construction cost, get a good contractor and have him in your pocket so he can guide you through some of the questions and cost of properties. Maybe learn some of the wholesalers in your area because they do find better deals than the MLS, because he will allow you to list his property when he sales.

3- Just be there for the investor.  If you find a great deal call him up and show him that day.

Good luck Brad

Post: Buying in mobile home parks

David AveryPosted
  • Flipper/Rehabber
  • Phoenix Arizona
  • Posts 1,023
  • Votes 685

Hey Jay, its hard at best  ( Mobile Parks)  The manager without exception is a woman that hates men and her rules are the dictatorship of the world!!!!

application forms and fees, lot fee's, parking next to her fee's.

Lot fee's can kill you.

If it takes you 4 months to buy it , fix it up and sell it and wait for a closing at $300 a month fees thats $1200. If its $500 and 5 months thats $2500.

So be careful, and the rules of the lot can be very hard.

Please vote and good luck man

Post: Seeking Investor Friendly Advice - North Carolina

David AveryPosted
  • Flipper/Rehabber
  • Phoenix Arizona
  • Posts 1,023
  • Votes 685

Hey David, great name by the way!!!

Interview like 6 agents, things to look for prior to the  interview.  

1-Did they answer the phone or respond to your text soon?

2- Did they listen to your needs and respond .

3- Did they set up an appointment to your schedule?

I always go to the top Real Estate companies in the area and talk to the Broker and ask him

who is the best agent for your needs,  It may be the top producer, or it  may be a young agent very hungry to help you.

Interview tell them your needs, maybe they will get a map out and circle the area's for you to avoid

and the area's that are hot !!!!

This is your agent, hopefully he/she can show you properties shortly and get an offer on the table.

My thoughts .  This is what I do when I move to a new area!

Good luck and vote.

Post: What was your "Best house deal ever"?

David AveryPosted
  • Flipper/Rehabber
  • Phoenix Arizona
  • Posts 1,023
  • Votes 685

Home in Midvale Utah, bought for $27,000. 3 bedroom, I full bath, single garage, garden,.  Installed sprinklers and sod, garden area.  painted it out and new carpet and light fixtures and blinds, the usual cosmetic " lipstick".  Rented it out for $600.00 house payment $273.00.  Held on to it for 2 years and sold it for $89,900.  Rent at that time was $900.00.  It was a great deal because I was 22 at the time.  It was my third purchase at that time in my life!!!

Please vote

Post: Small-multi family properties

David AveryPosted
  • Flipper/Rehabber
  • Phoenix Arizona
  • Posts 1,023
  • Votes 685

Mr Evans, if your make your payments on time for 24 months , generally the same loaning company will loan to you again,  If you can start buying a property once a  year, you will be a millionaire in no time and you will dig me up and hug me!!!!!

please vote and good luck man!!

Post: Buying first rental property

David AveryPosted
  • Flipper/Rehabber
  • Phoenix Arizona
  • Posts 1,023
  • Votes 685

Get your Real Estate agent, and if your don't have one, get one.  Have him find you one( duplex) or tri-plex.  Maybe section 8 is a good way to go, Rent paid by the government for one year!

Maybe get your name on the wholesalers in your area and also get a good contractor that can get it up and running for you if it is a little/lot beat up!

good luck man!

Please vote

Post: Buying with unpermitted additions

David AveryPosted
  • Flipper/Rehabber
  • Phoenix Arizona
  • Posts 1,023
  • Votes 685

P.S. please vote

Post: Buying with unpermitted additions

David AveryPosted
  • Flipper/Rehabber
  • Phoenix Arizona
  • Posts 1,023
  • Votes 685

Who care!  If it was done to code and safety then it is fine.  Only thing permits do is take your money.

I have sold hundreds of deals and permit come up, but no one really cares!!!

The inspector should pick up on those issues that are a concern, namely electrical and plumbing.

I wouldn't worry much , even your insurance people are supposed to check your property prior to a policy.

I think permits are a way for a city to make additional money.