All Forum Posts by: Sean MacDonald

 Hey Ray,

If you're out of state I would say give it a little while at 199 and see if anything bites, if not go for go for the cash offer to break even and call it a day. 

Off Market 2/1! Affordable price point sub $200k! Large lot, with a large spread! Home will need work throughout to reach comparable properties. Zoned R-3 so there is also a lot of opportunity to add value. Selling at $195,000, ARV Estimate: $330,000.

I have had a number of my investors tell me that they are waiting until after the election to pick up their next property. 

As we head toward another election, I’m curious how everyone thinks the outcome will affect the real estate markets. Whether it's policies on taxes, interest rates, housing affordability, or potential regulatory changes, it seems like elections always bring uncertainty to the markets.

For those of you who’ve been investing through previous election cycles, what trends have you noticed in terms of property prices, mortgage rates, or investor sentiment? Are there specific strategies you’re implementing now to either safeguard your portfolio or take advantage of potential opportunities post-election?

Looking forward to hearing your thoughts!

The 2 bed is 900/m, the 1 bed is 850/m. Both month to month, the 3 bed is unoccupied, we think it can be rented out for 1350 relatively quickly.

 Good question Johnathan, realizing now I did not provide much context. We wholesale our properties! We take title to them in a double close and do all of our deals with Cash or Hard Money only. Our market is really only for investors who are looking to fix n flip or short-term hold and rent. We would certainly reach a larger audience and probably get a better price, but that would have to be with someone dealing with conventional financing most likely.

Hey BP people,

I'm selling an off-market triplex in Tucson right now. I'm curious to know how good of an investment these are? 2 of the units currently being rented out and we have it for 399,000 which is well below market value IMO. I'm curious to know what you all think about dups, tris and fours in Tucson? Have you seen good returns?

Not sure if you're still looking but, condos can be a solid investment for long-term rentals due to their typically lower purchase price and less maintenance responsibility, as many exterior tasks are handled by the condo association. I think they also need to be located in desirable, urban areas with strong rental demand, which can make finding tenants easier. It's important to factor in HOA fees, which can eat into your cash flow, and to carefully look over the rules set by the association, some have strict rules on rentals. So they can work well, especially for investors looking for a more hands-off approach, but it's crucial to do the math and understand the specific property's potential.

If you are still looking I would be happy to help you out in your search! We get a lot of condos, I have one in Glendale AZ right now that's a pretty good deal.

Hey Keith!

Welcome to BP, I'm an agent here in the Phoenix/Scottsdale area and I work with a lot of investors on fix-and-flip projects, rental properties, and off-market deals. I've also got experience with HUD foreclosures, so I'd be happy to help answer any questions or point you in the right direction.

Always happy to connect and help out anyway I can!

It's unfortunate, but last-minute changes in DSCR loan terms, like the lower LTV and unexpected fees, aren't uncommon, especially if the broker wasn't fully transparent from the start. If I were in your position, I'd first try negotiating with the lender to honor the original terms or at least reduce the extra fees, especially since you've already paid for the appraisal. If they won't budge, evaluate whether the new terms still make financial sense. If not, you might need to walk away, even though it's frustrating after the costs incurred. In the future, getting everything in writing and ensuring full transparency can help avoid these surprises.

If your tenant left the bedroom with all four walls covered in screw holes, you're looking at costs for both patching and repainting. For a 10x10 room, patching all the holes could run about $100 to $200 depending on the extent of the damage and local labor costs. Repainting the entire room would likely add another $300 to $600, so in total, you're looking at a reasonable deduction of around $400 to $800 from the security deposit. It's a good idea to get an estimate from a contractor to back up your deduction and keep everything transparent for the tenant.