All Forum Posts by: Michelle Ayala

Thanks @Joe Splitrock . ARV is actualy $255k, not $225k. So even better :)

@Joe Splitrock, @Andrew Johnson, @Dustin P., and @Ben Leybovich thanks for responding to my post. I probably should've been more specific. I actually own the property in question. I was considering selling it for $200k as-is and was wondering if at that price it would be an attractive deal for investors out there, either for a rental or a quick flip. Based on my initial research, the property will rent for $1450, but at this point I have decided to put the money into it and list it on the MLS. If you have any recommendation for a reliable, investor-friendly GC or Skilled Handyman in the east valley, please let me know.

Would any of you consider the following property a possible investment deal?

SFR in Metro Phoenix, AZ. 3 beds (plus a Den that could easily be turned into a 4th) 2 full baths, formal living room/dinig room, kitchen opens to another dining area and family room, 1270 sq ft. Built in 1998 in a planned community with an elementary school and High School within the neighborhood. It needs some cosmetic updates: flooring, countertops, appliances, paint, replacing a few roof tiles. In general the property is well kept and it would be move in ready with just some minor repairs. Low-maintenance, well maintained desert landscape.

Sale price $200,000 firm, Possible ARV $255,000 (sale price of a nice rehab in the neighborhood). As-Is, Cash or Hard Money offers only. Annual Property tax about $1,200.

I appreciate the input.

I agree 100% @Luke Aubut, even the smallest effort goes a long way. You can reach out any time!

Hi @Luke Aubut , I am an investor in the Milwaukee area and I am fully bilingual. Being able to speak Spanish definitely helps when communicating with contractors whose first language is Spanish or who speak very little English. Another thing I've found is that there are sellers, buyers, and investors out there who feel more comfortable doing business with people who speak their language. As @Rebecca Knox mentioned, this skill is definitely more helpful in the south side of Milwaukee. As far as it making a difference, if you focus your marketing on communities like the south side, where the Hispanic population is higher, then I can see it being beneficial, otherwise, I don't see it making much of a difference.  

Impressive, Kyle. Thanks for sharing the details of your project. Keep up the good work!  

Hi Daniel -

We have been using a different company for a while and just recently had a meeting with Matt at REIS and have decided to switch over to them. We will be paying slightly more than we were paying before but not more that the average fee other companies charge. Matt is very professional, answered all our questions and provided lots of information. What was specially attractive to us was that for any service call you get the first hour of labor for free and also they guarantee their tenants, so if there was to be an eviction you wouldn't have to pay extra for the eviction and they would take care of it.

I will be able to provide more info on how the transition went and on their actual services after March. Good luck in your search for a PM company.

I use MPI Property Management LLC in milwaukee. I am happy with their services. My contact there is Julie Hilleshiem. Google them.

@Chris Piper

Thank you so much for this information Chris, it is tremendously helpful. This is exactly the advice I was looking for. We did some research and your approach pretty much sums up all the information we found on the subject, so it’s nice to have an actual wholesaler confirm we’re taking the right approach. We feel pretty confident about the numbers. The appointment with the seller is in 3 hours and we are confident in our numbers now. Thanks again!

@Rick H.

I was stuck on the components of the offer I should consider, I’m a newbie so I wanted to make sure I was taking the right approach to on the offer. I found a boat load of information online and Chris’ response (above) helped a lot too. Thank for responding to my post.