Here’s another rehab deal for someone to pick up, fix and flip, or hold as a rental! There’s plenty of equity to make it a smokin’ deal! Medium rehab required- check out the video walk thru!

2215 W Roeser Rd, Phoenix, AZ 85041
Price: $88,000

I have an opportunity to bring you REO’s at 50% of their appraised value. These are all homes worth a MINIMUM of $50,000, but you’re buying them for $25,000. They are GUARANTEED to appraise for a minimum of $50,000 or the bank will trade it out for a different property. These are all over the country. Here’s the fun part, we’ve had homes that appraise for $75,000 to $150,000, yet you still only pay $25,000. What a great deal! Where else can you buy homes for $25,000 at 50% of their GUARANTEED Appraised Value? I challenge you to look- you won’t find it. Sure there’s lists out there, but who’s going to GUARANTEE their value, and agree to switch the home out if they appraise for less than $50k? No one…  Not only that, but I’ll teach you how to flip these houses for some quick and easy profits, if that’s what you’re looking to do! You can be in and out of the deal within weeks, with a nice, hefty profit to boot. Roll those profits into more of these properties for a RAPID GROWTH in your portfolio! If you are interested, contact me IMMEDIATELY before this opportunity is gone.

ok- I’m going to throw together some quick numbers for you guys on this new deal in the West Valley. These are rough estimates, but, if you’ve done deals in the past, you’ll see it’s fairly accurate.

Let’s say this Investor flips the deal to you at $130,000 (remember, it appraises for $210,000 or more). Here’s how I see the numbers playing out.

You’ll list it on MLS for $190,000. Yes, it’s worth $210,000, but in this market, you want to list it cheap to get them to sell fast!  This is NOT the market to get greedy in! Here’s some figures…

    $190,000  - Sales price on the back side
    - $11,400 - Realtor’s Fees (assuming you pay a full 6%)
   - $2,500 - Title/Closing Fees (again, over estimating)
   - $10,000 - Rehab/repair costs (paint, carpet, etc)
   - $12,000 - Holding Costs (using Hard Money, credit cards, utilities, etc)
 
Sub-Total = $154,100.  Take out the $130,000 you paid for the property (maybe another $2k in closing costs on the purchase) and you get…

$24,100 NET PROFIT

Now, doesn’t that sound decent? Not too shabby for one slam dunk deal. Or, you can hold it as a long term rental for easy cashflows. There’s soo many ways to work deals, it’s not even funny. Contact me if you want to pick up some deals yourself.

I locked up another deal under contract today. At the request of my buyer/investor, I can’t say too much about this deal in the moment. It’s in the West Valley, appraises for $210,000 or more. We got it under contract in the $120’s.  House is in pretty decent condition, not too much rehab needing to be done (paint, carpet, etc). The buyer will most likely flip it to another investor for a very quick and easy profit. I’ll keep you guys posted once it closes escrow…

Hot off the wire! An Investor Group I know of has a package of 59 New Construction Homes under contract at 50% FMV all over the Valley. They are putting in $250,000 themselves, and are looking for an additional $9 Million for the rest of the funding. These homes are all from a single builder here in the Valley, who’s obviously dumping his inventory to stay afloat. The plan is to wholesale out the homes at 70-75% FMV and be completely out of the deal within 6 months. Here’s the facts I know in the moment…

• 59 New Construction Homes
• $9Mil required, will be secured by Title Reports, 1st Position Trust Deeds, and Fresh Appraisals
• Acquiring properties at 50% Fair Market Value
• Wholesaling them out at 70-75% Fair Market Value
• Total Holding Time: 6 Months Max
• Willing to pay points + return to funding entity
• Can assemble multiple investors for the take down, but would prefer just one or two

Most of the time you hear of these deals, they’re complete BS. However, I personally have known this investor for 7+ years, and feel confident in the deal. They’re looking to fund within 3 weeks, if possible. If you know anyone looking to get into this opportunity, please let me know ASAP.

ok guys, time to gear it up here. Just came across a SMOKIN deal in the Gilbert/Chandler area. Here’s the specs-

1750sf, 3 bed/ 2 bath, No Pool, Single Level, built in 2005, It is a Bank REO, and the Fair Market Value is anywhere from $250,000 to $300,000+. We can get it for less than $190,000.  Did I mention it’s in a gated community? It’s off of Germann and McQueen, roughly. This is a GREAT DEAL for someone as a rental, or, owner/occupy. If you are interested, give me a call and we’ll go snag it! A deal like this WILL NOT last long, so we gotta move fast!

I’ve been showing property all weekend to my relatives who are relocating down to Gilbert, AZ. They were looking for an Active Adult Community, 55+ with golfing. They love to golf, and Trilogy at Power Ranch has a beautiful coarse with very reasonable fees. We ended up making an offer on one property, which looks like it’s going to go through. However, throughout this process, we’ve come across quite a few motivated sellers who are looking to get their home sold NOW. Many of the agents I spoke with said that their clients would accept a much lower price in order to close quickly. I see some outstanding opportunities here for anyone looking to move into Trilogy. I’m shocked at the size and quality of home my clients are purchasing for less than $230,000. Every home we looked at was in excellent condition, ready to go. If you, or anyone you know, are considering purchasing in Trilogy, please contact me and I can assist in finding you a great deal.

I’ve got some great information on large parcels of land about 20-30 miles NORTH of Rocky Point, Mexico. An acre of property in Rocky Point is typically selling for $200k or more, from what I’m told. These parcels average out to $60-75k/acre. An unlike Peurta Pinasco, these parcels have warm water, no undertoe, sandy beaches and are ready for tourist development. Starting at $2mil for 26 acres, it’s a GREAT DEAL for someone looking to develop it out, or, just buy and hold for a while. There’s a US Highway running right into the parcels, and total driving time is just under 4.5 hours. Guys, the views are amazing. If you’re interested, please contact me directly for more information. These WILL NOT LAST at this price, I assure you…

UHHH! I can’t believe I missed this one! This past 2 weeks I’ve been super busy with other aspects of my life and business- but not looking for deals too actively. I’m in the middle of developing a new database for finding deals- and most of my time and attention has gone there (well, not to mention putting up Christmas Lights!) I just started lightly ‘grazing’ the MLS and I came across this beauty.

It was listed in MLS for just under $200k. 1700+ square feet, 4 bed, 2 bath cookie cutter home. In great condition (could use a little modernizing, but definitely livable). NOT in foreclosure, but the seller was over it and just wanted it sold now. The subdivision was very popular and well established, housing many upper-tier homes (not to mention man made lakes, waterfront properties, clubhouse with pools, tennis/raquetball courts, the works). Days on market in this subdivision are some of the lowest in Gilbert due to it’s popularity. Centrally located and less than 1 mile from the I-60- it doesn’t get much better than this!

It comps for $320k.

By the time I found this little gem, it had already sold. I can’t believe I missed that one. $120k in equity, in a great neighborhood. Unbelievable. So how motivated am I to get back on track and go find some others like it? VERY. And guess what- there’s PLENTY OF THEM OUT THERE! If you’re interested in sharing in the abundance of deals- contact me or sign up for my Deal Alerts and let’s make some money! Let’s just make sure to not miss any more like this one!