If its just one spot a plumber can dig it up and repair it for a grand.

You might better off looking at Casa Grande...your a little late to the party now, but its a bedroom community for Phoenix and the prices are more affordable then metro Phoenix

Most investors will give the appraisal/appraisal process a thought or two when considering the grand scheme, but regretfully that is about it.

I rarely buy flips for that reason, the last one I bought we had about 6 grand in plumbing and electrical upgrades (I knew that when making the offer) right away before putting it in service.

Hi Matt, I work with many investors locally and many are buying in towns like Grand Prairie, Cedar Hill, Duncanville, and Desoto for rentals and most are getting a 10% return.. some are turn key and already providing 8-9% coc return and almost all are under $150k so it gives an option to purchase more properties.  

That would equate to a homerun transaction/grand slam transaction every single time.

In practice the people who call us and tell us all about their grand plans are total flakes.

At that time, there was a grand total of 1 vacant unit in the building, and he felt super lucky to get in...Now, there are 20 units vacant....There are 107 units in the building so that is a 20% vacancy rate

280 Grand Ave, Unit 1A, Palisades Park, NJ 07093Looking to sell to an investor or someone okay with doing a gut renovation. 8.2% cash on cash return for a flip.Contact me for additional details (NO BROKERS; ONLY INVESTORS).

At this point the Feds tool of lowering rates is almost worn down and the hope is that the economy keeps humming to be able to slowly raise rates back up and keep inflation stable.