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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

money from the sky
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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How to Bid at an Auction in Maricopa County, Arizona

They say that truth is stranger than fiction. If this is really the case I wonder why the producers of the new reality show ‘Property Wars’ on Discovery Channel blatantly staged, reenacted and otherwise artificially created drama when it wasn’t necessary (if you’ve never heard of the show click here for my full write-up on BiggerPockets.com from August 3rd, 2012). ‘Property Wars’ pits four inve...
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Phoenix Housing Market Update: 8/17/12

Lately, much of the discussion around these parts has centered around single-family housing inventory, or the lack there of. However, over the past 30 days levels here in greater-Phoenix ticked up a little, around 3-4%. I’ve been noticing a trend lately that may explain the increase. Each day, I bid on 6-8 homes at the auction. Prior to bidding I must determine an after repair value for the pro...
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Phoenix Housing Market Update: 8/10/12

Haboob. Say it out loud. Haboob. Sounds funny right? Almost dirty. What is a haboob? A haboob is a dust storm. So I guess it is a dirty word. In August, haboobs are pretty common here in the desert southwest. These towering walls of dust approach our city limits quickly and cover everything in their path with a thick layer of silt, much to the delight of local car wash owners. But automobile...
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The Exponential Power of a Business Partner

The view of the Hudson River is breathtaking and best enjoyed with a glass of cabernet. Last month, as I relaxed on the deck of my in-law’s house in upstate New York, gazing out at the sunset, I couldn’t help but think of how blessed I was to have such a trustworthy business partner back in Phoenix. Manny Romero and I met four years ago through a real estate investment education company. We hit...
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Phoenix Housing Market Update: 8/3/12

Have a look at the chart below. The only thing that it’s missing is a loop-the-loop. The greater-Phoenix housing market is a roller coaster. Volatile would be another good word to describe the last three years. As you can see we’ve had three bottoms and two tops (although the most recent peak is for August and we’re just three days into the month – under contract price per square foot sales...
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Phoenix Housing Market Update: 7/27/12

"Investors will soon be priced out of the housing market. Consumer confidence and normal home sales have taken over the market." -       Beth Jo Zeitzer, a real-estate attorney and president of Phoenix-based R.O.I. Properties from an Arizona Republic article July 21st, 2012 At last, some good news about the greater-Phoenix housing market. So why would a fix and flip investor like me think th...
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How to Search and Track a Foreclosure Home in Arizona

Okay, I probably just won the "longest title for a blog post in the history of social media" award. Sue me. I couldn't come up with a shorter name. I'm often asked how to find a property in foreclosure. Specifically, a house in foreclosure in Maricopa County, Arizona. Even more specifically, Phoenix, Scottsdale, Glendale, Chandler, Gilbert, Peoria, Avondale, Buckeye, El Mirage, Laveen, Goodyear...
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Phoenix Housing Market Update: 7/20/12

"The huge price gains we've seen in Miami and Phoenix are not built to last. These increases will shrink or reverse as the backlogged foreclosures in these metros hit the market." - Jed Kolko, Trulia’s chief economist from a July 10th, 2012 Inman.com post titled Home price gains at risk in distressed markets. Backlog? What is this backlog you speak of Jed Kolko of Trulia? Surely you didn’t g...
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