All Forum Posts by: Jared Vidales

Jared Vidales let me know about the next happy hour!

Hey Thank you @Jared Vidales! I would love to make it to a BP Happy Hour! I see you went to Cal Poly! I went to SLO for a short time until the economy crashed and couldn't afford the out-of-state tuition anymore, but man was it a great time and great school! One of my fraternity brothers from SLO has been flipping homes in the Bay Area and is giving me advise and other help getting started! Feel free to PM me for my direct contact info for meet ups! Look forward to connecting with you!

The Phoenix market has definitely become chilly. I have not been able to find deals on the MLS without 11 other offers on the same property, which just drives the prices up to the point of more risk. Foreclosure have all but dried up as well and the same investors are fighting for these like dogs over a bone (thus no meat left). I generally have flipped in the past, but ended up with 3 rental properties pushing my numbers to try and compete. I have been direct mailing, but I think sellers on these lists are definitely being bombarded by a lot of investors out there as calls have been random at best and in areas I don't care to invest in. I have also been tempted to go out of state, but like others the horror stories generally outnumber the successes. Thus, everyone marketing to out of state owners right now. I have seen other investors that used to run 10 employee crews have to cut back to a two man operation as deals are extremely hard to find here and a lot of competition. It appears the glory day of old are over and we are back to trench warfare that weed out the weak and weary looking for the "get rich quick" end game. Investing now will actually take some hard work and a lot of stamina to grow wealth longer term.

I am also interested in a meet up here in the East Valley if one is put together as iron sharpens iron for the long haul and two or more heads are always better than just one.  Best of luck to all.

If you go the money to do so, I believe it is a excellent idea to try for a month or two and see what generates from them. To start off, I personally would probably advertise 200 bucks to 5 people with vans to stick the magnetic poster to their van. I believe this is a brilliant idea in fact and plan on using this myself in the near future for a test ride.