All Forum Posts by: Dustin P.

No problem Michael. To me it's worth it because if even just one person helps you do one deal in some form of fashion, you're likely making enough to pay that $200 membership fee multiple times over. If one wholesaler brings you a great deal, one contractor saves the day and provides a great bid for your buyer, one lender is able to make a close happen on time, etc. That's just the monetary value, the networking and knowledge is invaluable IMO

The best way to approach meet-ups like these is to network with the other investors there either beforehand or afterwards. There are likely lots of people there that are in your shoes - looking to network but not looking to pay for some program/mentorship. Take advantage of this time to chat those people up, get their card or contact information, and build your network that way.

Here in Phoenix for example we have AZREIA and then there is a separate sub-group specifically for networking. In the sub-group there will be time before and after to actively network and then there is a "Haves/Wants" exercise where they pass the mic around and everyone says what they have and/or what they're looking for and provides their number. It's an excellent time to go in and take notes and you can call these people afterwards if you don't get a chance to talk to them at the meeting. I have found investors looking for wholesale deals, lenders to work with my investors and contractors this way.

The Phoenix market is definitely hot right now. There are lots of wholesalers and fix and flip investors out there. Because of that there is a lot of competition, but definitely plenty to work with!

 Hi Brayan

Yes, assignment contracts are common in Arizona. I have a few that I could e-mail you if you want to see an example

@Ken Croskey This property has unfortunately sold but I'll message you

Cross Roads: Indian School and N 12th St

Price: $220k

ARV: $330k

This house is one of the largest in the area but you are seeing comps up to 320-325k that are much smaller and with smaller lots. Comps we pulled do cross 12th St but if you drive the area you'll find that they are conforming. House needs full cosmetic updates with new roof.

Please contact me for further information

360-731-3509

Cross Streets: N 19th Ave and Greenway

This is a Manufactured unit in a really hot area (<10 DOM). It is at the edge of new development's progress. Houses across 15th Ave sell in the mid $200+'s. Dirt value is likely to rise significantly if/when Turf Paradise becomes a MPD.

This deal works in the Fix and Flip or the Buy and Hold direction.

10k Rehab estimate to make it rent ready and should rent for $750-800/mo for around a 10% cap rate

16-20k to flip

Please contact me for further details

(360) 731-3509

In the Phoenix market it's common to see good wholesale deals sell within 24 hours, and really it's more like 3-4 hours. If it's a good deal (In this market I would define that as 80% ARV minus rehab) then investors are not going to pass on it. It doesn't take too long to comp a property, check out the neighborhood and do a quick walk through. There is inherent risk in any investment but you can do quite a bit of due diligence in a short period of time.

Non-refundable down payments are also common here. Consider the wholesaler position: If you have 10-20 people willing to buy a property and you have a set time period in which to sell it, you need the investor to have some skin in the game.

If you are not comfortable with those terms you may find better luck going through a real estate agent and finding MLS deals. You'll get an inspection period in which to check out plumbing/roof/HVAC/etc. and if it's not to your liking you can walk with your earnest money.

55+ Communities in the Phoenix area right now have been pretty solid, as least for flippers. Sun City, Leisure World in Mesa and Ahwatukee all come to mind. The only pain is the transfer fees.

Welcome Melinda! I can recommend a few lenders, I'll message you