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All Forum Posts by: Lisa Schofield

Lisa Schofield has started 2 posts and replied 12 times.

Post: Anonymity-Virtual address set up for an LLC

Lisa SchofieldPosted
  • Real Estate Investor
  • Phoenix, AZ
  • Posts 12
  • Votes 2

That will not work.  It has to be a real address.  I am looking for an Attorney or Finance person who knows how to set this up properly.

Post: Anonymity-Virtual address set up for an LLC

Lisa SchofieldPosted
  • Real Estate Investor
  • Phoenix, AZ
  • Posts 12
  • Votes 2

Does anyone know how to properly set up a virtual address and Statutory agent for your LLC to remain anonymous? This is to house your investment propeties in.

Post: San Diego Realtor

Lisa SchofieldPosted
  • Real Estate Investor
  • Phoenix, AZ
  • Posts 12
  • Votes 2
Originally posted by @Gloria R.:

I understand from others that I should only invest in areas that I'm familiar with. Since I am unfamiliar with every where I thought that the closest landlord friendly state is Arizona. A couple of years ago a 10+ CAP was easy...now they are around 6-7.

Bottom line, I'm looking for a state where I can have excellent property management (not me) and CAPs of 10+ and low maintenance multi-family 2-4 unit properties. Resale is not as vital as cash flow because I'm in it for the long haul. 

Yet, if I end up with a property that is not what I thought it was, then resale will play a vital role.  If I do enough research and stick with my plan then I shouldn't have to sell anything before I'm ready.

Arizona is VERY landlord friendly. I evicted a non paying tenant in two weeks. bye bye. You cannot do that in CA. They favor the blood suckers over the hard workers and homeowners. I am sure there are some slumlords but ultimately, who is creating a home and business and economy? The ones taking the risk, the homeowners/investors and in AZ we have laws to protect them. The constable will be at their door and give them 5 minutes to vacate! Thank goodness! If you want to make investments outside of your area of familiarity make sure your work with someone who cares that is in the industry and can show you the pockets and trends in that area. In other words there is documentation showing what they say whether it is from the MLS past sales history or reports from a trusted unbiased site like Crompton, RPR.....

Post: Low cost finishing materials (flooring/counters)

Lisa SchofieldPosted
  • Real Estate Investor
  • Phoenix, AZ
  • Posts 12
  • Votes 2

Hi,

Skip the wood floors, you can buy tile that looks like wood.   Also there is a very inexpensive product that looks like Stone that is applied directly over the laminate counters.  YOU WOULD have to consider the market you install this material as it is not going to work in a community where everyone else has true granite counters.    Also stage the home for potential renters just like you would a buyer:)   They think Almost the same way!    I hope this helps.    Lisa Schofield/HomeSmart Assoc. Broker, Investor/Flipper/Renter/all around loves real estate

Because I have questions to ask before giving out advice so I know which to share depending on the individual needs and solutions that have not already been explored.    It sets me apart.  I already had a lady from Boston call me for an entirely different scenerio and I was able to help her and give her advice based on her feedback.  I make nothing from giving out this free advice but I do not believe it putting it out blindly if that makes sense.   I would be happy to help you if you ever have questions please do not hesitate to call:) 480-540-1443

Kindly,

Lisa Schofield

Hi Megan,

I had a house like that in Phx that was priced correctly.    I am the expert on problem solving and in addition to lowering the price there a bunch of other techniques that work. Best, Lisa Schofield/Broker Associate-My Home Group

Post: Epoxy Resin Kitchen Counter Contractors?

Lisa SchofieldPosted
  • Real Estate Investor
  • Phoenix, AZ
  • Posts 12
  • Votes 2

Justin, He did a fab job! Thx for the referral 

Post: Epoxy Resin Kitchen Counter Contractors?

Lisa SchofieldPosted
  • Real Estate Investor
  • Phoenix, AZ
  • Posts 12
  • Votes 2

Thanks Justin!    I am meeting him tomorrow.  disregard the message I mistakenly left you.

Cheers,

Lisa

Post: Epoxy Resin Kitchen Counter Contractors?

Lisa SchofieldPosted
  • Real Estate Investor
  • Phoenix, AZ
  • Posts 12
  • Votes 2

Hello,

I am in the Phoenix AZ area and I need a referral for a Epoxy Resin contractor who also does tubs...........?   Any suggestions?   Please text me 480-540-1443.

Thanks,

Lisa

Post: Streamline 203k Loan

Lisa SchofieldPosted
  • Real Estate Investor
  • Phoenix, AZ
  • Posts 12
  • Votes 2

Sean,

There is a better loan now.  Call Mike Weldy at Prime Lending........480-538-4959

Let him know that Lisa Schofield from My Home Group in Phx sent you.   I just met with him about their new upgrade loan and he said it is miles above the Fannie Mae and many times he can negate the Mortgage Insurance!   Best, Lisa Schofield/Broker Associate-480-540-1443