All Forum Posts by: Liza Rhima

Condo fix & flip investment in Sarasota.

Purchase price: $103,000
Cash invested: $103,000
Sale price: $150,000

DIY light renovation.

What made you interested in investing in this type of deal?

Low price point moves quickly in the local market.

How did you find this deal and how did you negotiate it?

Via REO auction.

How did you finance this deal?

Cash.

How did you add value to the deal?

Modern finishes, ready to move-in.

What was the outcome?

Multiple offers.

Lessons learned? Challenges?

Always check with HOA for approved flooring types on multi-level buildings.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Self financed and listed.

The tenant does have to provide documentation but there are lots of reasons they can be eligible. Order is good for 120 days. I've been hearing of landlords preemptively reducing rents to help their tenants out.

I think we have to evaluate our situations and property on a case by case basis. My family relies on our rental income so we are monitoring local and national laws. Although we have a plan in place if a tenant cannot pay rent due to a documented Covid-19 reaseon, we are not offering a discount until we get a call that there is a problem.

On the flip side, s friend's Dallas landlord reduced her and the other unit's rent by 50%. I don't know the landlord's personal financial situation except that they own multiple units. I do know both tenants are long term and they have great relationships with both. 

Today, Arizona's governor gave the following Executive Order (link to azgovernor.gov) for postponement of eviction actions as they relate to tenants effected by Covid-19.

Thank you Joel. I will check out that resource.

looking for a general contractor to build and fund a spec home to flip. I have the land available. Location: Superstition Foothills, Apache Junction AZ

Thank you for the links. Yes I have read those however no one on those threads indicates that they've actually closed a deal with the system. There are people that are members, watch the videos, listen to the podcasts but the action stops there.

Has anyone closed a deal with the Sean Terry Flip2Freedom system?

I'd like feedback from those investors that are actively using Sean Terry's Flip2Freedom and have completed either double closes, wraps or subject to. I've read a lot about Sean Terry on the forum and even from those that are members but have not heard anything specific from those that have used his forms and information to close deals. Thank you.