All Forum Posts by: William T Stephens

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No only deals on MLS

Just refinance my primary property and pay of all my debt and Heloc for the down-payment 20% but i wanted to find property close to phoenix airport and also downtown phoenix so i am looking all over for property under 200000 but not having any luck i look at listed homes for sale last two weeks but no luck i wasn't trying to rehab any property want something to start produce cash flow anyone live in the Phoenix Area Have any ideas of what we are doing wrong working with a realtor too.

Thanks Exactly in that process

I have a friend with capital want to be partner in real estate with me he don't have much experience in real estate he have some experience in construction should I get a paralegal to form a LLC for both of us should this be a great direction before sharing my lead in fix and flip

@Alexander Hauk can you outline the strategy and see how can it done

Have anyone used AmeriSave Mortgage Corporation in the past and have good reviews on them. i wanted to check and see their rate someone i know used them in the past.

@Frank Patalano living in the Phoenix Arizona area was hoping to meet some private lenders on BP so hopefully soon I will be able to attend some event here and connect with some already investor.

Thank Melanie yes i am connect with AZREI already got emails from from tread i will be more attentive to group meeting just the times wasn't fitting in my work schedule Hope to meet with you soon

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $40,000
Cash invested: $40,000
Sale price: $125,000

OPPORTUNITY! Rarely available in this subdivision. Well kept 3 bedroom / 2 Bathroom home conveniently located minutes from downtown and freeways. Move in ready! Large living room. Sold AS IS.

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

Never have alot of credit wanted a place to move into and fix.

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

Was a bank own foreclosure in a nice area

How did you finance this deal?

First time home buyer FHA

How did you add value to the deal?

Do my own rehab

What was the outcome?

OPPORTUNITY! Rarely available in this subdivision. Well kept 3 bedroom / 2 Bathroom home conveniently located minutes from downtown and freeways. Move in ready! Large living room. Sold AS IS.

Lessons learned? Challenges?

Once you put the work in its possible

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

Yes my real estate agent point me in the right direction and this deal and analyze it looks like a potential opportunity so I make it possible