PATIENCE AND DUE DILIGENCE MAKES A GREAT DEAL HAPPEN IN TIME
It was another busy week in real estate for myself. I specialize in assisting real estate investors to Phoenix Fix and Flip a House in my local market. We acquire the properties from the Arizona Trustee Sale which happens Monday to Friday all day long. Many real estate agents do not touch this part of the business because it is very difficult and moves very fast. However, the Real Estate and Beyond Team is equipped to service new and old real estate investors. We make it happen on a daily basis. How long does it take to obtain a property? It has been my experience that it takes about two solid weeks before an investor will obtain a property.
There are two things that the investor must have in order to be successful when purchasing homes from the Arizona Trustee Sale:
- PATIENCE-Yes, the investor must do work. That means the investor will be riding every morning viewing properties and analyzing the property on the spot. He will need to take all the numbers to come up with a bid. Yes, I do assist in this process since I will be the listing agent after the repairs have been completed.
- DUE DILIGENCE-The bid service checks the property for any other outstanding liens. We only bid on first lien positions. I have witnessed some investors on their own win the bid on a second lien. However, it does not pay to be the Lone Ranger in real estate. Furthermore, the real estate investor ensures that there is A/C on the property along with other major components to the home. We must include these items when coming up with a bid amount.
I thoroughly enjoy what I do on a daily basis. I find it very rewarding when my investor wins the bid. There is more work after the bid. However, I allow my investor to enjoy the moment while I am setting up the close to happen next day by 5PM.
Make the Call, Set the Plan, Do the Deal$!
Feel free to listen to my Radio Show to learn more about the phoenix real estate market, new trends, and the latest opportunities. The Real Estate and Beyond Radio Show Airs every Saturday from Noon-2:00pm on Conservative Newstalk KKNT 960am in Phoenix, Arizona. You can listent to past shows, or stream on-line.