How to Be a Phoenix Housing Market Detective

Phoenix housing market detective
There’s more to fixing and flipping houses than knowing how to pass a rough electrical inspection or picking out the right color granite counter tops. If you’re going to have sustained success in this business you need to know how locate and understand information about the market, as well as the property you’re considering buying and its history. I’m presented distressed real estate deals at l...
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4 Ways to Fund Your Fix and Flip Deal

fix and flip funding
You’ve done your due diligence, checked your numbers backwards and forwards and after all your research you determine you have a smoking deal. What now? How are you going to fund it? You’ve probably heard that you can play the fix and flip game with no money out of your pocket, yet you’re faced with the dilemma of having this excellent opportunity and no money to pull the trigger on it. B...
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An Essential Research Tool for the Phoenix Housing Market

Phoenix housing market
There are hundreds of books about how fix and flip houses (shameless plug but I wrote one of them, click here to buy). Nearly every TV network has a show about fixing and flipping. If you live in Phoenix, or any other large city, no doubt you’ve heard radio ads for gurus offering “free” weekend workshops or investor “kits” to help you learn about the business (for what it’s worth there are no k...
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Why IKEA, Fixing and Flipping Houses are Alike

IKEA Fixing and Flipping
I love IKEA! Why? Because IKEA makes me look like a master craftsmen when I see the finished product I just built. Although there are specific and detailed instructions to get to the finished piece, there is a small step that most people miss because it’s not numbered. That step is the little diagram that tells you how many pieces there are and what tools to use to complete the project. Y...
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Are You a Wholesaler or Fix and Flip Investor?

House Puzzle Pieces
The term “flipping” is thrown around a lot by the media, real estate gurus and Realtors. Heck, our site is called flippingphoenixhouses.com. But there’s a big difference between flipping a house and fixing and flipping a house. There’s the person who flips a house for a profit without putting any real time or capital (their own or someone else’s) into the property and there’s the person that in...
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Don’t Be Fooled By The Success of Other Investors

30K profit from one flip
Handy Joe with a full time job and a family of five just said he made 30k profit on his first deal using no money that took less than a month. Then there is Nellie Homemaker that now “controls” over 80 properties in 1 short year. It probably sounds too good to be true right? Well, it must be true. You saw it on your Facebook feed last night and if it was on Facebook it has to be true. Wha...
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Why Do You Want to Fix and Flip Houses?

House with Wrench
No, really. Why do you want to fix and flip houses? Is it because you saw a reality show and decided “Hey, that looks easy, I can do that”? Or perhaps there’s a vacant house on your street badly in need of repair. You think to yourself “if only I could find the owner of that property, I could fix it up and make a ton of money.” Maybe you’re in love with the idea of finding an ugly, outdat...
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Projected vs. Real Profits when Flipping Houses

flipping houses profit
If you read my posts for BiggerPockets.com then you already know my distaste for reality shows about fixing and flipping houses (see Property Wars Distorted View of Reality). More recently the Arizona Republic interviewed me for an article about the same subject and I told them the truth about flipping houses. A big reason for this scorn is the producers of these programs gloss over the details an...
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The iPhone – A Tool Every Fix and Flip Investor Should Have

IMG_0362
The carpenter has a hammer. The plumber has a plunger. And the real estate investor has an iPhone 4s or 5? Why of course. Watch this 4 minute video and you'll see that the panorama camera feature makes the iPhone 4s or 5 a must have tool for the fix and flip investor, Realtor and real estate investor.
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Why I Love Do-It-Yourself Homeowners

Flower Cabinets
Everyone has a weakness. For Superman, it was kryptonite. My business partner, Manny Romero, can’t handle the smell of cat urine (I know this because we walked through an REO house once that reeked of it and he had to make a fast exit after just two minutes). As for me, I get turned inside out for the new, shiny, techy stuff like iPhones and flat screen TVs (the new iPad with retina display is on ...
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