![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2645647/small_1674075132-avatar-mindyn3.jpg?twic=v1/output=image&v=2)
28 January 2025 | 3 replies
I would love to get the name of some of your contractors.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3173668/small_1737745258-avatar-stepanh2.jpg?twic=v1/output=image&v=2)
27 January 2025 | 3 replies
Here are a few to watch out for:Property Condition: Most distressed properties need extensive repairs or renovations, which add to your initial investment.Competitive Market: With Phoenix's popularity among investors, competition for the best deals can be intense.Complex Deals: Foreclosures, auctions, or short sales are much more complicated compared to regular real estate transactions and usually require specialized knowledge.Tips to Successfully Navigate the MarketDo Your Research: Understand the local market conditions, including neighborhood trends, property values, and potential rental income.Build a Strong Network: Work with professionals who specialize in distressed properties-such as brokers, contractors, and legal experts-to make the best decisions.Assess Costs Carefully: Factor in the cost of repairs, holding costs, and any potential financing issues when evaluating a property’s profitability.Be Patient: Finding the right distressed property takes time.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3170741/small_1737072666-avatar-pankajm11.jpg?twic=v1/output=image&v=2)
19 January 2025 | 27 replies
- Why didn't the contractor's insurance cover this?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3165845/small_1736211946-avatar-melissas417.jpg?twic=v1/output=image&v=2)
6 February 2025 | 2 replies
Those numbers look great, and it’s always a win to go under contract within a few days, especially with multiple offers.Now that you've been through the process, are you planning to bring on more contractors for future flips, or are you still looking to stay hands-on where it makes sense?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2375204/small_1736471869-avatar-donyeaj1.jpg?twic=v1/output=image&v=2)
30 January 2025 | 4 replies
Over this time I have acquired my contractor team and have vetted them through my job as a property manager, figured out my strategy(Off Market/Deep buying) and location.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2581031/small_1691160232-avatar-williams874.jpg?twic=v1/output=image&v=2)
30 January 2025 | 8 replies
The furthest properties are the hardest to deal with because my contractors don’t want to travel that far due to their time wasted driving and the cost of gas for their big trucks.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2885953/small_1723578928-avatar-kylec613.jpg?twic=v1/output=image&v=2)
3 February 2025 | 8 replies
Hi @Kyle Carter local PM here should you need any connections with contractors, lenders, agents etc.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2912212/small_1704428939-avatar-sharmap1.jpg?twic=v1/output=image&v=2)
21 January 2025 | 14 replies
I have made some local connections for contractors to do something solo when my current projects wrap up.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3172155/small_1737584733-avatar-ryans1848.jpg?twic=v1/output=image&v=2)
22 January 2025 | 0 replies
Having the contractor relationship in place to move quickly and provide a high quality renovation at a reasonable price.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2910802/small_1737992920-avatar-tios1.jpg?twic=v1/output=image&v=2)
29 January 2025 | 15 replies
I'm a contractor based in Maryland and DC, so the renovation aspect is well within my expertise, having done numerous projects for other developers and general contractors.However, I'm facing a challenge when it comes to choosing the interior design elements, such as bathroom tiles, colors, sizes, fixtures, etc.