All Forum Posts by: Hannah Hammond

Hello BP!

I am a Realtor here in Scottsdale, Arizona and am looking to buy a condo in either the San Diego or Las Angeles California areas to be a short term vacation rental. I have not yet invested out of state, nor have I done short term rentals, so I would like anyone's experience and/ or advice. Here are a few questions that I have:

1) Best short term property management company with great rates and great service?

2) Would you recommend Las Angeles, San Diego, or any particular city in between? 

3) One bedroom or 2 bedroom?

4) Any advice/ cautions/ important things to consider when doing short term rentals? 

Thank you so much! 

In addition, I would be happy to talk to a Realtor in either LA, San Diego, or any desirable area in between and have some listings sent over to get a better idea of what's on the market in those locations. I do not yet have a particular Realtor in California that I refer business to, so I am happy to build a new CA - AZ real estate professional relationship. Please message me if you would like to connect :)

Hi Drew! 

I am an investor friendly real estate agent in Scottsdale / Phoenix, AZ and am familiar with house hacking. You may be able to find a better deal from a wholesaler, but it would need to be an all cash purchase. I can set up an MLS search for you and send you the duplexes that are listed for sale with good CAP rates and cash on cash return. You can still find some great deals on the MLS, and I can help negotiate them as well. Message me if you would like to talk further, thank you!

 Joe, thank you for sharing! Please keep us posted on the process of your rehab and sale... I would love to know what the results are and any do's and don'ts that you discover along the way :)

 Hi Brandon, 

I do agree with you, luckily I have the experience of the luxury market here, the connections and the resources to find the luxury rehabs and sell them as quickly as possible once completed. The biggest factor for me to consider is the funding, I would have to have private funding in order to go this route which would eat into the profits, especially with the longer holding period and pricier holding costs, but I think it would still be extremely profitable, if done right.

Hi Greg!

I hang my license with Keller Williams Realty, and would happy to discuss that brokerage with you, as well as the others that I had interviewed before joining KW. Feel free to message me so we can connect. 

Hannah Hammond

 Thank you for your input Mike! I am already an agent that specializes in luxury home sales, I am just inquiring about experiences doing luxury flips. I hang my license with KW and do attend their training classes as well. It sounds like that woman is successful at luxury home flipping.. I appreciate you sharing that with us, thank you!

Hey BP! 

I am a Real Estate Agent in Arizona and specialize in luxury property sales in Scottsdale, Phoenix, and Paradise Valley. 

I have been researching different real estate investing methods for years and have learned a lot about multi-family as well as rehabbing/ flipping. However, I have realized that most of the people that do flips stay in fairly low price brackets. 

Does any one have experience in doing luxury home flips ? I have only heard from one individual that focuses on this niche, and he's had great success with massive profits. I would like to hear from others.

I am aware of the pros and cons of going this route, but would appreciate any feedback from those who have done or currently do investments of this kind.

Thank you!

-Hannah Hammond

Thank you for the mention @Account Closed! 

Ciro, feel free to email or call me any time to discuss, I'm always happy to connect with others in the area and help out in any way I can. Unfortunately, that seems to be the criteria that nearly everyone is searching for right now so it's tougher to find, but I will definitely keep my eyes open for you. Shoot me an email or call any time you like, I look forward to hearing from you! 

 Thank you Matt, I will take note of that!

Hey BP! I am looking to purchase homes below market value in the Phoenix, Arizona market to rehab and sell, and I have been exploring all my options to find properties that fit my criteria. As a licensed agent, I have access to MLS, but in this market there are no deals on there even worth blinking at (and when there is, you better be the first one to see it and perhaps be prepared for war). Some wholesalers have great deals but they have so many buyers and so few properties that you can bet that someone will most certainly offer the wholesaler more, and you will lose at the exact moment that you think you've won. As a newer investor, I am not yet at the top of anyone's "buyers" list, so I am competing with the seasoned flippers that get all the low hanging fruit. What other suggestions do you have to finding great deals in a competitive market? I have heard both victories and horror stories regarding buying foreclosures at the courthouse steps, but have never heard much of a step by step process as to how to approach the auction method. If you are experienced with this, please share the process and any tips, advice, victories, or horror stories. Also, I have been researching some online auction websites, what are your thoughts on these? If you have experience in this area, please share the process, tips, advice, victories, or horror stories as well. The process of buying through auctions is something that doesn't seem to be explained much in the investing books or podcasts that I have read/listened to. Any thoughts and experiences on the subject would be greatly appreciated.

Thank you everyone, I truly respect any and all of your input, recommendations, advice, and experiences. United we stand, divided we fall!