HOW TO FIX AND FLIP THE CORRECT WAY IN PHOENIX, ARIZONA
There are over 50,000 homes in the foreclosure process in Maricopa County located in Arizona. Those are a lot of homes. However, there is plenty of opportunities to fix and flip here in the Great Phoenix area. I receive many calls outside of Arizona by investors wanting to enter into the Phoenix, Arizona market. The Real Estate and Beyond Team has created a one stop shop for real estate investors. We have created a team of local professionals to make things happen at a rapid pace to ensure we do not miss any opportunities. REAL ESTATE AND BEYOND NETWORK
I have specialized in Arizona Trustee Sales because investors want deals. This is a great resource for properties to fix and flip. Everyone thinks it is an easy process. However, I have explained that real estate is a team sport. The Real Estate and Beyond Network is a team for investors who want to make money in Phoenix real estate market. We are the application team here in Phoenix, Arizona. PLEASE REVIEW ARIZONA TRUSTEE SALES SECTION OF REAL ESTATE AND BEYOND NETWORK WEB SITE. This will explain in detail on how to obtain a property from the Arizona Trustee Sale.
The home to the right of us seems like a normal house on the outside. One never knows what you get inside of a trustee sale. It is like Cracker Jacks as a kid. I have seen it all when it comes to homes. So, the outside of this home seem normal to the rest of the ones on the block. The neighbors had no problems with the owner. However, the owners moved out one day before the trustee sale date. Here is what we found inside of this home. Please review the pictures below.
They left the kitchen in total disrepair as you can see from the picture. They had Chex Cereal box left out along with empty liquor bottles, empty dog food bag and Fido's dinner bowl. They took the fridge and stove. Why did they leave the microwave? They were nice people.
They left a house in the living room. Why? Did they have a greenhouse in the living room? Luckily, there was no water damage in this area. Talk about arm chair gardener. Enjoy this picture
Yes, this is a real picture of the home toilet. It is amazing how some people live in their homes. This is not the standard in most Ameican homes. Pictures tell a thousand words but no odors.
This picture shows actual dog do do in the master bedroom. It was all over the place. They did have a door for the dog. It was all over the house. Yes, we need to replace the carpet in the whole house.
PRIVATE MONEY PHOENIX, ARIZONA FIX AND FLIPS
I just wanted to share some pictures of homes that have been purchased from the trustee sales. However, I would say the majority of the fix up costs are cosmetic only. The structure of the home itself is strong. Home buyers do not care about the asset once they have hit the foreclosure stage. It is very sad.
Let me share some pictures of a home fixed up correctly to fix and flip to an end buyer.
This home has great curb appeal. First impressions are important to the end buyer. The front door was scrapped and painted to have a fresh look to it.
The home was tiled throughout the entire house including the bedrooms with the same tile. Kitchen is open and fresh with new applicances.
Living room has the open look with the fresh look. A mirror was placed above the fireplace to give it a warm look to it. Again, same tile was used in the entire house to give it a fresh look.
The backyard was cleaned up and properly landscaped to make the outside match the inside.
I just wanted to share real life examples for investors thinking about investing here in Phoenix, Arizona. It is a perfect storm for investors with plenty of inventory, mortgage rates low, home buyer tax incentive, material and labor costs are low, and plenty of end buyers read to purchase a home. Please feel free to visit our web site at www.DeliaTeam.com
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