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27 January 2025 | 3 replies
Stay disciplined and avoid rushing into deals without thorough due diligence.Resources for InvestorsIf you’re new to investing in distressed properties or looking to expand your portfolio, consider leveraging resources like:Local Realtors: Realtors specializing in distressed properties can assist in locating off-market deals and navigating complex transactions.Community Forums: Attend a local investor meetup or join online forums for the Phoenix market.Educational Tools: Search out webinars, workshops, or courses on investing in distressed properties.Final ThoughtsThe distressed property market in Phoenix is creating some excellent potential for the right investors willing to go the extra mile necessary to take on strategic risks associated with this category of real estate.
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19 February 2025 | 13 replies
When smaller PM companies don't have the resources, manpower, and processes in place...they tend to let things like this fall through the crack.
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6 February 2025 | 2 replies
You can use this property to hedge any others that you add that may only cover themselves, or require supplement until they are paid off.HOWEVER, if you have decided that your goal is to use Real Estate as a stepping stone to build wealth by upgrading the property you hold each time (condo to house, house to 4-plex, 4-plex to 8 unit, etc) then I think you are right to sell now while you think the property is at the top of it's appreciation.It will be hard for anyone on BP to tell you what to do as we don't know your goal.You are right.
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14 February 2025 | 15 replies
Your ARV should be about the top 20% tranche of sales because you probably won't be remodeling to the same level as a flip since you will be renting it.
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17 February 2025 | 71 replies
@Jonathan Klemm is a great resource!
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5 February 2025 | 15 replies
If I don't do any of these courses, any other resources someone suggests for help in getting started on arbitrage?
20 February 2025 | 5 replies
Hi @Akshay Kumar, it's never a nice surprise to see your property left in a rough condition after a tenant moves out and on top of it damages the yard.
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4 February 2025 | 6 replies
As mentioned above, DealMachine or Propstream is a great resource.
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10 February 2025 | 12 replies
Learn and Network:Learn as much as you can about house flipping by using online resources, books, or courses.
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28 January 2025 | 15 replies
However, I find myself uncertain about how to structure such deals and whether I could successfully secure them.I was wondering if you could offer any recommendations for educational resources that might help me better understand and navigate the intricacies of creative finance and seller finance deals.