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Sales

House on a Busy Street: Profit Killer or Killer Profit?

They say there’s no problem price can’t fix. As a matter of fact, I say this all the time to just about everyone that brings me a distressed property deal. Does the house need a new roof? Easy, take an extra $7,500 off the asking price. What about the HVAC system, does it work? No? Then give me a $4,000 discount. However, after almost 15 years in the real estate business I still have a...
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Google Maps: A Fix and Flip Investor’s Most Important Tool

You’ve probably heard the old saying, “Give a man a hammer and every problem is a nail.” This may be true, but hammers are awesome. Especially sledgehammers. As a matter of fact, the sledgehammer is the only tool our crews allow us to use at our fix and flip projects in Phoenix and Milwaukee (if you’re fixing and flipping houses and do some, or all of the work yourself, read this article to fin...
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5 Inexpensive Items That Give Your Fix and Flip a Million Dollar Look

They call it the Happiest Place on Earth. As I child, I loved going to Disneyland because of the rides. Each of them provided a unique experience. One minute I was a swashbuckling pirate sailing through the Caribbean, and another I was traveling at light speed through deep space. Okay, maybe it wasn’t minutes between rides. More like hours. Those lines were terrible. These days when I...
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The North Phoenix Cat Pee House: Before and After

When we purchased the cat pee house in north Phoenix back in July of this year from a wholesaler, Manny and I knew it would be different from any other fix and flip project we’d ever completed. The rehab itself was fairly straightforward. All of the normal stuff was done, like exterior/interior paint, new kitchen cabinets and countertops, flooring, lighting and plumbing fixtures. Bot...
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The iPhone – A Tool Every Fix and Flip Investor Should Have

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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Lightning and Thunderhill Short Sale

You’ve probably heard the phrase “catching lightning in a bottle”. It’s used to explain an extraordinary event – when an elusive energy is captured and subsequently harnessed to achieve the unachievable. Sports coaches and managers often use “catching lightning in a bottle” to describe an unexpected victory. It has become part of their vernacular, a cliché utilized almost as frequently as “we have...
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Phoenix Housing Sub-Markets and Terms of Sale

Prior to the real estate market crash in 2008, determining the after-repair value of a home was much easier. That’s because a majority of homes on the retail market were what housing experts call normal sales. In other words, these houses were not in foreclosure or owned by a bank. With the tidal wave of foreclosures that hit nearly every city in the United States, retail markets were overr...
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House Flipping in Phoenix is Front Page News

I spent 15 years in the TV news business before I got into real estate investing. During that time I worked for 11 different news directors. What does a news director do? The news director is in charge of the news department - from the video editors to the cameramen to the producers to the reporters to the news anchors. The news director is sort of like the head coach of a football team....
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An Open Letter to Phoenix-Area Home Buyers

I am a home seller. I know there are less than 13,000 active listings on the Arizona Regional Multiple Listing Service. I know there are only about 10,000 single-family homes available to buy in the greater-Phoenix housing market. I know in the last 30 days 8,221 houses have sold. And I know there is a 1.5-month supply of homes for sale. These figures make it painfully obvious that the great...
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Simple Staging Tips for a Fix and Flip Deal

I’m no Martha Stewart.  However, I know a kitchen looks better with staging than it does without. Professional interior designers will tell you that a vacant home’s kitchen, dining room, family room and master bedroom should be staged with furniture, pictures, bath accessories and greenery to help “identify” the space (a fancy way of saying these items help the buyer figure out how their stuff ...
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