All Forum Posts by: William T Stephens

Investment Info:

Single-family residence buy & hold investment in Phoenix.

Purchase price: $213,000
Cash invested: $47,000

Cute and quaint home! Home features fresh paint throughout interior. New carpet throughout along with newly installed Luxury Vinyl Plank flooring. Kitchen has brand new stainless appliances and painted cabinets. Exterior to be painted! Home is close to shopping and freeways

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $175,000
Cash invested: $25,000

BEAUTIFUL 5 BEDROOM WITH LOFT 3 FULL BATHS ON A CUL-DE-SAC LOT SEPERATE LIVING AND FAMILY ROOMS,FORMAL DINING AND BREAKFAST AREA LARGE MASTER BEDROOM...UPGRADED QUARTZ COUNTER TOPS IN KITCHEN, TRACT LIGHTING AND BEAUTIFULLY UPGRAGED CABINETS UPGRADED BATHROOM COUNTER TOPS AND FIXTURES INSIDE LAUNDRY ROOM CUSTOM CEILING FANS THROUGHOUT

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

Leverage ratio plus ROI works in my favor

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

My real estate agent

How did you finance this deal?

Bank Loan

How did you add value to the deal?

Cosmetic rebab to kitchen

What was the outcome?

Property is looking great cash on cash numbers working

Lessons learned? Challenges?

Getting started bank process is very hard

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

Yes

Well she received the registered mail and I am heading over today Wednesday to get property appraisal done hope we will be able to get in if not can I just open up the door if refused to let us in or  should call the police to help me with this the lease clause state quite time and enjoyment but I have learn its end at 430pm Monday thru Friday but lease only mention quit time and enjoyment no time anyone know of a good real estate Attorney that can talk to  about the knowledge of this situation thanks 

Live in the Phoenix area just purchased a duplex close on  Dec 18th my tenant not wanted to give us access to enter even with 48 hours notice plus I email her the new lease agreement same terms only my name added to it she don't wanted to sign plus I text her about it 3 days in advance no response so I text her about it again this time she blocked me dates pass she still not signing any help on what to do in this case. 

Well I read plenty of books and analyze many properties in the Phoenix area work with few different Realtor this one is a young investor I used a known mortgage broker in Scottdale when first see this deal there was a waiting line to view it so we place a bid and $7000 more but was able to get a lower price since it appraisal came back lot lower than selling price fit my ROI perfect using a rental management company at 5% have a tenant nurse with kids from out of town Great deal

Thanks, i will

I want to thank you all for your motivation in your webinar and I am glad last year when I was referred to watch Brandon Turner on youtube by a popular YouTuber I just close on my first investment property in central Phoenix Arizona very nice deal did all that I have learned from Brandon turner and everyone at bigger packet being a pro member was a great thing for me and really admire your push I am excited and getting ready to do a second one real soon please keep up the good work in Helping others hope to meet Brandon Turner one day have a blessed day.

William

• Avoid increasing, and if possible reduce, your exposure to these financial risks.
• For example, you'll want to avoid becoming a cosigner on a loan, taking out an adjustable-rate mortgage, and taking on new debt all of which can increase your financial risk during a recession.
• If you're an employee, you'll want to do everything you can to safeguard your job, such as performing top-notch work and improving your productivity.
• If you're a business owner, you might need to postpone spending on capital improvements and taking on new debt until the recovery has begun.

Seller will pay 1000 toward repair is this a excellent deal 

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