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4 February 2025 | 5 replies
So you are better off finding someone who wants to rean interest on their money and getting a promissory note signed and giving them a 10% interest rate and having them give you a 15k loan interés only for a 12-24 month period.
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5 February 2025 | 205 replies
Quote from @Don Miller: The following is not to express any level of happiness or unhappiness with the build:Received change orders totaling $14,970 for 18 additional loads of fill dirt over allotted amount in contract (fill dirt arrived in December 2022), 7 loads of septic sand over allotted amount, and rock excavation at the septic site. make sure to ask for the tickets. if they are putting 6 yards of soil in a single axle truck you are getting ripped off.
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21 January 2025 | 5 replies
I'll say 1000 times, I'm so glad I listened to BP for years before doing this, or the stupid hangups would have me jumping off a cliff.
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2 February 2025 | 8 replies
I think that this niche pays off a little better than SFH's.
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29 January 2025 | 32 replies
If you can make me believe your vision makes $, and that your the guy to pull it off, I'm handing you $ in proportion to what my reward can be for it, and how certain I believe you can deliver on it.
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8 February 2025 | 21 replies
Right now, you have to be able to source off market properties or be willing to force cash flow with large down payments.
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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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8 February 2025 | 6 replies
@Anastasia P.Not off the top of my head, sorry.
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23 January 2025 | 165 replies
Even if straight off a cliff.