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21 February 2025 | 14 replies
Try a resident turnover, if it doesn’t go so well then you can go back to the PM.
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4 February 2025 | 1 reply
I ask if they are US citizens or green card holders, and I ask for past addresses for the past 5 years as well as any other names they used in the past (maiden name, nickname, etc).
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12 February 2025 | 0 replies
Despite the challenges, the project was a success, proving that well-planned investments can lead to significant profits.
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20 February 2025 | 3 replies
Well now it's empty and market rent is $1295 vs $1300 for Section 8/ HUD program.
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12 February 2025 | 4 replies
I think you have the basics of meeting partners and people to work with in your local market and seem to be well on the way with two deals going already so big congrats there!
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20 February 2025 | 1 reply
Successful flippers are:- Building relationships with reliable contractors- Ordering materials well in advance- Being strategic about which renovations will truly deliver ROI Regulatory EnvironmentRecent changes to Phoenix building codes have emphasized:- Stricter energy efficiency requirements- More rigorous inspection processes- Additional permits for certain types of renovationsBe prepared for longer permitting timelines than in years past.Financial ConsiderationsThe financing landscape has evolved significantly:- Hard money lenders are offering more competitive rates (7-9%) than the 12-14% seen in 2022- Several Phoenix-specific investment groups have emerged that pool resources for flips- Traditional lenders now offer more renovation loan products tailored specifically to the Arizona marketThe Bottom LineThe Phoenix market in 2025 offers solid opportunity for house flippers who approach projects strategically.
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6 February 2025 | 1 reply
You didn't write how much 'sweat equity' you put into this place, but it was likely well worth it given the $400K cash out.
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20 February 2025 | 8 replies
Be sure to call all prior landlords as well!
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19 February 2025 | 2 replies
I ended up entrusting five properties to their management, and I know of two other out-of-state investors who used them as well.
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12 February 2025 | 4 replies
Not only cities but property types as well.