You can buy fixer uppers and add value by improving the property.

First let me suggest that you complete your profile with a pic, people like to see who they're corresponding with.

Here is the way I have done it:1) Setup an LLC that will solely hold this new investment2) Draft the asset specific investment plan with your target strategy, timeline and projected return profile 3) Get an operating agreement together wherein you would define what would be your duties as the Managing Member and what would be the duties of the Members.

Interesting question.Deja vu all over again.I've been in Phoenix for 25 years, primarily in commercial real estate; although, I have served as a receiver for raw land, improved lots, and tract homes in Phoenix and Prescott.

I would recommend adding a profile picture, I think it helps build the sense of community here at BP and enhance member interaction.

I would recommend adding a profile picture as it really enhances interactions with other members and helps build the sense of community.

But, after the first home, I've always won them over by doing good work and improving the neighborhood.

View my profile for my contact information and we can do lunch one day and talk about what our goals are and see what we can do to help each other.

However (unless i change tactics) ill only be buying properties every 2-3 years as thats how long it should take US (me and my tenants) to pay the latest purchase off.Im open to suggestion for improvement.

Check it out and I think most of your questions will be answered.Otherwise, please consider filling in your profile pic so we can better get to know you as you engage here.