All Forum Posts by: Phillip Raetz

I have a deal in Scottsdale AZ.  Perfect for a vacation rental. Less than 2 miles from Old Town and has pool.

PP: $750,000

ARV:$1.250M

Rehab (including furniture): $375,000

Est Vacation Rental Gross Revenue Yearly: $135,000

That $375,000 w/ furniture is an actual bid from contractor.  

DM me if interested!

Hey everyone I have been an investor in Arizona for 12 years now, and with the market shake up, I have seen really an abundance of high end homes (ARV 1mil-1.5mil) selling in the (fix and flip) wholesale price range of 500k-800k. Though over the past 3 months prices have been leveling out, but there seems to be a market to pick up high end homes at a crazy discount! STRs are no secret anymore and if the property is done right, can have a CAP Rate in the 9-15% range (what mine are currently pulling in). No one can time the market, but is this where you try and pick up a deal or 2 with these wholesale prices?!

If you are in the market for a vacation rentals here in the valley, I can help you find a wholesale property, help with the construction to get it to the standard of the vacation rental, furnish the property, and manage it on the back end!  

Let's connect! 

Anyone looking to invest in Vacation Rentals in Arizona?  I have 2 Arcadia (85018) wholesale deals that can really be awesome properties.  Both have a price point in the 50%-60% range.  If you need help with the construction as well, I have the team to do it along with managing on the tail end if you need it!  Let's connect!  Can give you all the details!

Investment Info:

Single-family residence other investment.

Purchase price: $784,000
Cash invested: $120,000

Vacation Rental.
Purchase Price - $784,000
Rehab including furniture - $375,000
ARV - $1,350,000
Average Monthly Cash Flow - $10,500

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

Vacation Rentals have a huge demand in Arizona and we can help you not only find a deal, but help build your vacation rental!

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

Off Market Wholesale Deal

How did you finance this deal?

Hard Money Loan turned into a DSCR Loan

How did you add value to the deal?

Complete Remodel

What was the outcome?

An Awesome Property

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

Contact me to get a vacation rental going! I can find the deal, do the construction & do the Vacation Rental Management!