All Forum Posts by: Jared Vidales

6173 W Pierce St. Phoenix, AZ

$135,000 Cash or financed

3/2 Bed  

1,500sqft  (Enclosed carport to expand living room)

Project ~10 days from completion. Will update with pictures as time progresses. But wanted to give BP the first crack at an excellent hold property. Full renovation, will rent for $1,100-$1,200/month. Huge corner lot, directly across from park / horse track. 

Brand new electrical, plumbing,  HVAC system (unit, ducting, stats, permited with airflow cals)

[email protected]

530-219-6792

Condition during acquisition:

Current Stage:

6067 W Earll Dr. Phoenix AZ 

Wholesale Opportunity, personally have under contract. 

For Sale As-is! Cash or financed buyers only!

Excellent Fix/Flip, or Buy/Hold Investment opportunity, in the heart of Maryvale.

1960 | 3/2bed | 1,260sqft | Private Pool | $105,000

6 month old HVAC system (Unit, ducting, stats).

Contact if interested 530-219-6792
JSVInvestments@G

mail.com

Interesting. Ill look over the PDF when i have a chance.

Thanks for the input!

Jeeze....41k.....I could flip a house with that...

Hi All,

I'm 25 years old, so social media plays a big part in my life (or used too). I quit my full time job January 1st, and blocked out all outside distractions in my life, which included FB and instagram. As I'm starting to get into my REI career full swing, im questioning if I should get back onto social media? I'm meeting tons of new people, and want to show the world what I'm doing. I feel being plugged into social media and would be a good form of advertising, and may even attract investors.

Whats everyones take on this?

Welcome. Im in Scottsdale if you wan to connect

 I plan to call myself, I just want to be set up with an auto-dialer where I can specify a specific zip code. 

Midnight thoughts here, so please forgive me if this is crazy talk--

I'm currently flipping in a low income area, roughly 80% Hispanic demographic. Our buyers for our projects have no credit, and most of the time, no social security #. However, they do have 20-30k mattress money to put down on a house, and they typically finance the remainder through a private money source, 12-year @ 14.5%. Pretty crazy terms if you ask me, but they have no choice. Also keep in mind these houses range from 80-130k. 

So i was thinking...there's a conventional loan program available to me that only requires 3% down, and I can finance the remaining 97% over 30-years @ 3.7%.

Would it be crazy for me to pick up a property, and seller finance the property to one of these Hispanic buyers @ 20% down, financed 15-year @ 10%? I can make an immediate COC return, and cash flow the property over those 15-years, and have ZERO property maintenance. Sounds ideal right? Is it legal?

@michael