Tempe Investment Fix and Flip Update

I wanted to update you again with an excellent rental or fix-and-flip opportunity at 919 La Jolla here in Tempe.

It’s not on the MLS and the seller, a wholesale company, asked me (along with a few select others) to find a buyer. It’s listed at $180,000 firm.

The wholesale company needs to sell it now and will break even.

With $35,000 in improvements the home will sell in this market in 4-6 weeks at $265,000. After you pay a commission on the sale, you can make yourself a quick $33,000 net profit if you call me at 480-414-4220 and act on it.

We need to update the flooring, fix up the pool, get new paint, update the kitchen, and add a garage. I’ll put you in touch with a contractor who will do all the work, and I’ll find buyer who will pay top dollar for the home.

The construction will take six weeks. So from the time you buy it, to the time it's sold, you can get your money in and out in 3 months at most.
You can also rent it for $2,000 a month with about $10-15k for minimal improvements to bring it up to rental condition. I have a property manager who you can talk to who specializes in the area to find and manage the tenants. Most likely you’ll rent to college students.

It’s in a very well established neighborhood and it’s an excellent investment for you if you have the capital – that’s why I’m writing you.



Click here for more details about the property

Email me back or call me ASAP if you’re interested in buying it (or know someone).

I’ll handle all the work – if you want a video of the property or more pictures, I’ll get them. I’ll even arrange the inspection. I'll make sure you're protected and you know everything you need to know.

And of course, if you need to sell your home, give me a shout and I’ll let you know what your home would sell for, or at least tell you what updates you need to make to bring it up to full market price base on what buyers are paying a premium for in Tempe.

Why is Curb Appeal Important?

What is curb appeal?

Curb appeal is what your home looks like from the outside. What does the exterior of your home look like?

Why is curb appeal important?

It is very important because it is the first impression buyers get of your home. A lot of people make an assumption that if the outside of the home is taken care of, that must mean the inside is taken care of as well.

I’ve had certain clients drive up to a house and were immediately turned off because the outside was a mess.

What are some tips on curb appeal?

There are some things you can do to improve your curb appeal: repainting or refinishing your front door, replacing address numbers, replacing light fixtures and cleaning up your landscape.

If you have any other questions on curb appeal or selling your home, please give me call!

Thanks for watching!

New Hot Tempe Investment Property For You!

I have a great fix and flip investment property for you in Circle G Ranches in Tempe, in highly desirable Kyrene School District.

 

It’s in a $1 million dollar neighborhood and the seller is only asking $579,000 (but I think I can help you negotiate to the low $500’s).

It’s going to take 125-150 thousand to fix it up, but based on my experience that once you do this, a buyer today would be willing to pay at least $825,000 for it.

 

The home has been on the market for only two weeks…and it’s a gem. I wanted to get this note out to you in case you or someone you may know may be looking for a great investment opportunity.

 

I have a list of contractors you can hire to get the work done, so call me and they will go out and put together an exact bid for the recommended renovations based on what I know buyers want right now in our market.

 

If you don’t have all the cash to do the deal – and you can handle the risk which I’ll help you minimize – I can also refer you to a hard money lender.

 

From the time you close on the property to completing the renovations it will take about 8 weeks. The average “days on market” at that price range and area is about 60 days – so you can expect to turn your money over in under 4 months.

 

Call me at 480-776-5200 and let me show you the property. I can even get the contractor out there at the same time so you get an instant bid on the work. I’ll make the recommendation for improvements, again, based on what I know buyers want.

 

Here’s a link to learn more about the property: Click here to view listing>>

 

Let's make you some money!

 

Call me at 480-776-5200.

 

        

 

What's Going on in the Phoenix Market?

Watch on your mobile device >>

We have seen a massive increase in home prices, a 24% increase from last year. There are a lot of buyers and little inventory.

How many homes are available as possible investment properties right now?

There is an extreme lack of inventory. There is about an 11-15 day supply of move in ready homes. This is the lowest it has been in four years. Buyers are having a very hard time finding move in ready properties.

This doesn’t mean, however, that there aren’t homes that can be fixed up. It is an ideal time as an investor to create a ready product for buyers needing loans under the FHA loan limit.

What’s the outlook for the tenant and homeowner demand over the next 12 months?

State Farm Insurance is building the largest office complex in Arizona, right here in Tempe. This development is expected to create a lot of jobs and bring more new businesses to Tempe, creating the need for more move in ready homes in the surrounding areas. 

Tips for a Neutral Makeover

Watch on your mobile device >>

You want to sell your home quickly. The fastest way to do so is to start depersonalizing your home to create a blank canvas. You don’t want to distract the buyer with your personal belongings, so pack up the photos, and let the buyer imagine their own photos on your walls and knick-knacks on your shelves all the while saying, “I can see myself living in this home!” 

Less is more. To help create the blank canvas, paint is inexpensive and it will increase the value of your home, but you need to choose a neutral palette. The goal is to appeal to the masses because when you do, you get more showings, which leads to more offers and then, ultimately, the highest price possible for your property.