Real Estate and Beyond Blog

DO YOU DO WINDOWS? YES WHEN FIXING AND FLIPPING HOMES PHOENIX, ARIZONA

Here is another beautiful home that we purchased at the Arizona Trustee Sale. Phoenix, Arizona continues to experience a high foreclosure rate. Banks continue to sell of their homes at the Arizona Trustee Sale. The only thing this home needed was paint, carpet, appliances, and clean up. I many people who live outside of Arizona contacting me to take advantage of this great market. The Real Estate and Beyond Team has created a one stop for real estate investors. We make things happen for you. We take real estate education into real estate application.

The house above took only one week to finish to get back on the market. This will be the first fix and flip for this particular investor. He was joking around with me the day we toured the house. He asked me "Do you do windows?" The windows in this house were dirty. I said, "Yes, we do windows." He was surprised at the answer. We have a cleaning crew clean each fix and flip house before we list the home for sale. It gives the house an overall clean look with a great smell. I believe first impressions do mean a great deal when it comes to selling a house.

We must become experts in our own field when it comes to real estate. I am big on processes and procedures this way every fix and flip home goes through the same process. There are no surprises for the investor down the road. Yes, there is a science to the madness when it comes to fixing and flipping homes. Do you want to swim with the sharks on your own or work with the Real Estate and Beyond Team?

HOW DOES A REALTOR CHANGE WITH THE MARKET?

The real estate market continues to be a roller coaster in most cities across America. Many real estate agents have been able to shift with the market as we continue to read the blogs on ActiveRain. However, I am meeting many real estate agents that are having a rough time in this market. Why? Have they made a personal decision to change with the market? Are they still doing things the old fashion way? Yes, this is a tough real estate market. However, a Realtor is expected to know about distressed properties. Agree?

Personally, I have focused on distressed properties and working with real estate investors. I really enjoy working with investors to purchase distressed properties from the Arizona Trustee Sales. Then, we fix the property to market value for sale. This would be considered fixing and flipping. There are not too many agents in my local market who have developed a one stop shop for real estate investors here in Phoenix, Arizona. What are you doing in your local market.

I attended the monthly investor association meeting to receive local update information along with connecting with the local real estate investment community. We continue to get hit with distressed properties as banks continue to foreclose on properties. Here are the top 4 ways people are purchasing homes in our local market

1. Cash
2. FHA loans
3. Conventional loans
4. VA loans

Real estate investors in a cash position are making some great money. There are some great deals available to all investors. However, one needs a real estate mentor to make sure it is a good deal. The number one problem most real estate investors face is to determine whether the deal is good or not. We make our money at the purchase. Let's make it happen.

Tell us how you are shifting with the real estate market.

TERMITES DISCOVERED DURING HOME INSPECTION ON FIX AND FLIP HOME PHOENIX, ARIZONA

I am working with a new investor doing a fix and flip house in Phoenix, Arizona. The investor purchased this home at the Arizona Trustee Sale at a great price. So, the investor did all the repairs on his own. He was very excited to have a full price offer within two days of being listed on the real estate market. The buyer is very excited about the house. We are in the ten day inspection period by the buyer. I received an Email with the termite report attached for my perusal. I noticed that the home has termites. There are two types of homes in Phoenix-homes with termites and homes that will get termites.

I Emailed my investor the report. He was a little concerned about the report. He asked me if this was going to kill the deal. I informed him that the damage is light. The termite report gave an estimate of $700 to repair the termites with a one year warranty. Again, I have sent the report to my General Contractor to see if he can obtain a better price for the termite treatment. Overall, this is not a major thing that will kill a real estate transaction. It is customary for the seller to pay for this treatment to ensure the buyer receives a house free of termites. The seller has agreed to pay for the treatment.

The Real Estate and Beyond Team was created to assist real estate investors.

SEARCH FOR FORECLOSURES

ARIZONA TRUSTEE SALES FIXING AND FLIPPING STRATEGIES TO OBTAIN MARKET VALUE PHOENIX, ARIZONA

Every real estate education course will tell you that one makes their money at the close of the real estate deal. That is true. The Real Estate and Beyond Team continues to assist real estate investors to purchase homes at the Arizona Trustee Sales to only to fix and flip the home for profit here in Phoenix, Arizona.

There are not too many real estate agents that specialize in purchasing from the Arizona Trustee Sales to fix and flip. Also, you can buy and hold a home from the court house steps by using private money to convert into a conventional loan. We have the systems in place to assist you. Why pay Retail? Go to the court house steps and pay wholesale.

What does the inside of a home look like when you first go into it? That is a great question. Here are some sample pics of this home above this sentence.

STEPS TO DO AFTER WINNING THE BID AT THE ARIZONA TRUSTEE SALE

 The interior of the home only needs a fresh coat of paint and new carpet. The ktichen is very spacious as one can see from the picture to the right of us. The stove, dishwasher and microwave was left behind. Yes, they all work perfectly fine because all the utilities were turned the same day as closing. One must have systems in place to be successful. People purchase McDonald's Franchises for their proven systems and procedures and not for the Big Mac. People work with me because I have proven systems and procedures in place for the first time real estate investor as you can see from this picture. Also, I have many local contacts that will only benefit the client.

It is easy for first time investors to over spend on repairs. Why? They will not be living in the house. There are many times when I have toured other investors homes that are on the market for fixing and flipping that shows they have put too much money into the property that does not justify the costs for that neighborhood. We have teamed up with an excellent General Contractor that understands real estate investments and an investor himself. Real estate is a team sport. Real estate investing requires to have a team in place. Why? There are many steps to climb in order to get to the top of the stairs successfully. I would not recommend to play this real estate game alone.

Where do you go shopping for materials?

 One would think the most obvious choice to obtain materials fix and flip homes would be Lowe's or Home Depot. Again, why pay retail? Have you thought about checking out Craigslist? Discounted Construction Lots? Habitat for Humanity Outlet Store? Search your local area to obtain wholesale prices on items. Finally, your General Contractor will have set up discounts with his/her suppliers that will be passed down to you. Every dollar one spends meas less profit at the sale of the home.

We have a game plan set in motion for each home that we purchase from the Arizona Trustee Sale. We share this plan between the General Contractor, investor and myself. Then, we implement the game plan to ensure the home gets back on to the market as soon as possible. The investor will always receive an update for complete communication. Everybody must be involved in this process to be succcessful. Each investor loves the process in place. They all want to purchase another fix and flip with me.

Please feel free to visit my web site for further information www.960RealEstate.com

ANOTHER WINNING BID AT ARIZONA TRUSTEE SALE GILBERT, ARIZONA

Well, I just wanted to share another real estate investor winning the bid at the Arizona Trustee Sale. This will be his first fix and flip. My investor is a single man 26 years old part of the Generation Y. His parents think he is completely nuts and fell off his rocker. However, this investor is very excited to get started in his real estate investment career. He called me because he heard of my real estate mentor services. Yes, I take on clients one on one when preparing them to purchase homes at the court house steps. There are not too many real estate agents that do what I do in the state of Arizona. I pride myself in having a very efficient Real Estate and Beyond Team when it comes to fixing and flipping homes.

I know many of you watch the popular TV show "FLIP THIS HOME." We all loving watching other people making money. Not me! I totally believe in the application of real estate. This home was bought and paid for on 2/25/2010. Here is a time line to get it back on the market

• 2/25/2010 Closed on property with private money
• 2/26/2010 Locksmith re keys front door. General Contractor bids the job. Receive bid three hours later. Investor reviews home with the bid. OKs bid.
• 3/1/2010 General Contractor will start the project in the morning. Estimated three days to comlete job.
• 3/4/2010 Install carpet throughout house
• 3/5/2010 Home is on the market FOR SALE

We have a great system for others to invest in real estate. Please review information at www.960RealEstate.com for further information.

HOW TO PURCHASE A HOME FROM THE ARIZONA TRUSTEE SALE

I have many people that wish to purchase a home from the Arizona Trustee Sale.Here is a typical home going up for auction in Surprise, Arizona. It is a three bedroom, two bath no pool about 1,500 square feet. The opening bid on this property was $57,00. The estimated value of this home would be about $85,000 in this current market. Investors from Arizona and out of Arizona continue to contact me to utilize my proven fix and flip team to bid at the auction. Let's go over the steps to purchasing a home from the Arizona Trustee Sale.

TOP 8 STEPS TO PURCHASE A HOME FROM THE ARIZONA TRUSTEE SALE

1. One hour session with me to determine if you are able to purchase from court house steps
2. Determine if you have cash or will need private money
3. Must have $10,000 to start bidding on properties
4. Identify an area to purchase for the intent to fix and flip
5. Start putting in bids on homes for the next day
6. Drive the homes in the morning to physical inspect them to determine you want to keep bid or not
7. Keep bidding and driving until you win the bid
8. I WON THE BID

TOP 10 STEPS TO DO AFTER WINNING THE BID

I have many people asking me the following "Can I just go down thereALONEto purchase a home? I always tell them sure if you like swimming with the sharks. I have a picture to the left of us showing what happens when someone swims with the sharks. I have a proven process to assist people in purchasing homes at the Arizona Trustee Sales. I have seen people win the bid on second liens.

WE ARE HERE TO SERVE YOU AT THE ARIZONA TRUSTEE SALES!

TOP 10 STEPS TO FOLLOW AFTER WINNING THE BID AT THE ARIZONA TRUSTEE SALES

This is not the pose one wants after winning the bid at the Arizona Trustee Sale. Why? If one does not act fast, then one can lose $10,000 for not performing on the property. It takes a skilled professional such as myself to ensure the real estate investor has a smooth closing. Then, the fun begins with the property. I have systems and procedures for both fixing and flipping or buying and holding from Arizona Trustee Sales. Let's focus on the fix and flip model for this post.

HERE ARE THE STEPS TO A SUCCESSFUL FIX AND FLIP FROM ARIZONA TRUSTEE SALES

1. CONTACT CLIENT THEY WON THE BID
2. MEET UP CLIENT SAME DAY COLLECT CASHIER CHECKS
3. SET UP PRIVATE MONEY LOAN FOR CLIENT
4. CLOSE ON PROPERTY NEXT DAY BY 2PM
5. INSURE THE VACANT PROPERTY
6. CALL LOCKSMITH TO CHANGE LOCKS
7. PUT ON UTILITIES
8. START REPAIRS ON PROPERTY WITHIN 48 HOURS FROM CLOSING DATE
9. MARKET PROPERTY FOR RESALE
10. CLOSE THE DEAL

I had a gentleman call me last night from my blog asking how to purchase property from Arizona Trustee Sales. He said it cannot be that hard to purchase a property from the court house steps. I informed him that real estate is a team sport. Everyone on the Real Estate and Beyond Teamhas their part to play so that the clients wins. He said he was going down to the court house steps to experience it for himself. I talked him into meeting my bidder at one of the auctions so he has a professional with him. It is not as easy as it looks. I have developed a proven system that works for investors. They keep coming back for more deals. That tells me the process is working.  

ONE MUST HAVE PATIENCE WHEN INVESTING IN REAL ESTATE ARIZONA TRUSTEE SALES

Well, things are very competitive when it comes to Arizona Trustee Sales. It seems that everyone wants to get into the game of fixing and flipping. Also, I am seeing more real estate education courses coming to Phoenix, Arizona. The buzz word is real estate. However, the real estate education companies never refer practicing real estate professionals who specialize in real estate investments. They leave that up to the paying customer. I would be highly frustrated after paying $10,000 for a course. Most people learn by sitting in the classroom and real life experiences. This is where I come in to provide the application part of their over paid real estate education material. 

One must have patience when it comes to fixing and flipping. It is any given day down at the court house steps. We won the bid on a particular property for an investor who has put in over 20 offers. I explained to him that real estate investing does take work. That means one must drive the properties for themselves. I provide them data on such property. Then, they make a decision. There are times when I inform the investor not to get caught up in the emotions of it. One must put in their maximum bid. If they do not win it, then move on. The real estate investor must have several exit plans if the particular property does not sell.

I am seeing some people hire professional bidders to purchase the property for their own personal residence. They simple y use private monies to take down the property. Then, perform a conventional rate and term refinance to get out of the high interest private loan. That is the cost of securing a great deal in this market. We can provide that service to our clients.

If you are interested in purchasing Arizona Trustee Sales, then please view www.960RealEstate.com for further information. I conduct monthly workshops on PURCHASING FROM ARIZONA TRUSTEE SALES.

TOP 10 TOOLS WHEN INSPECTING ARIZONA TRUSTEE SALE HOMES GOING TO AUCTION

Yes, this is a picture of me driving to view homes going to auction that day. There are hundreds of homes going to auction on a daily basis. How do you know which ones to bid on? Well, that is why you hire me for my expertise in the Phoenix, Arizona market. I have been doing this for a very long time. I have my team in place to take down the property in 24 hours or less. Then, we fix the property to get it back on the market in a week. Most homes only need paint, carpet, landscaping and few minor repairs. We have the Real Estate and Beyond Team to assist you in all of your real estate investments. I have created a one stop shop for real estate investors to start investing in Phoenix real estate. Power Team is in place.

TOP 10 TOOLS NEEDED WHEN VIEWING ARIZONA TRUSTEE SALE HOMES GOING TO AUCTION THAT DAY

1. GPS is a must
2. Clipboard for inspections
3. Head lamp
4. Pen
5. Keys
6. Screwdriver
7. Blackberry to take photos and send to clients
8. Digital camera
9. Hand Sanitizers
10. COFFEE

There are my top ten tools needed when viewing properties on a daily basis. I must have these tools in order to be successful on a daily basis. I have some other tools that I use now and then. However, I just wanted to share my top tools with you.

The Real Estate and Beyond Team is here to assist you in your real estate investment needs in Phoenix, Arizona. We have created a one stop shop to handle all of your real estate investments. Please visit our main web site for further information www.960RealEstate.com

ARIZONA TRUSTEE SALES PHYSICALLY INSPECTING THE HOMES

It was another day at the Arizona Trustee Sales with driving properties this morning. We are finding some great deals at the foreclosure steps. I am receiving many phone calls about bidding on these properties from investors who live outside of Arizona. Everyone knows it is the time to purchase in Phoenix, Arizona, before mortgage interest rates and home prices increase over the next couple of years. The home in this photo is a typical home going to auction. The previous owners locked it up and just let it sit. There was nothing wrong with this house at all. However, we were not the successful winners on this one. We lost this bid by $1,200. However, we are ready for the next day to bid. The key is not to fall in love with the property. You make money at the purchase of the property.

Yes, that is a picture of my inspecting a home at 10:30PM at night. We must gain every advantage when it comes to bidding at the Arizona Trustee Sales. I love my job. I have many satisfied clients when it comes to fixing and flipping homes in Phoenix, Arizona. I have developed the Real Estate and Beyond Team to create a one stop shop real estate investors. All you have to do is make the call to have access to the Team. Why recreate the wheel? I have created a successful team to serve all of your needs when it comes to Phoenix real estate investing. Have you paid $10,000 for real estate education course? Are you ready to take down your first property? Give me a call! Please visit my web site at www.960RealEstate.com to get started today.

I do early morning inspections on homes we are bidding on that day. What do I look for in a house? First, I must make sure the repairs are not too much according to our bid. So, I walk around the exterior of the house to check for any structural damages. Plus, it gives me a chance to view the backyard. What if I cannot get into the house? There are ways to get into a house. One must be resourceful in these situations. Then, I do an interior check. I have my worklist to complete rough and conservative estimates to resurrect the home to current market value. Here are some quick questions I ask myself

1. Would I live here?
2. Does it have curb appeal?
3. Does it have an A/C?
4. Are there any structural damages to the home?
5. Do I have to replace the flooring?
6. Do I have to paint it?
7. Are there any broken windows?
8. How old is the A/C?
9. Is there enough room to make a profit?
10. How many Average Days On Market? Will it move

These are just some of the many questions I ask myself when reviewing a property. It takes me about three minutes to view a home. Why so quick? Well, I may have ten or more homes to view that day for my investor clients? I have created my own system that works. Again, a true craftsmen makes the impossible seem easy. I have many agents who wish to retain my services. Anybody can do it? However, one must have systems in place along with a great team of people to make everything happen in place. It is my goal to turn the property in a week to get it sold. Time is money.

I hope you thoroughly enjoyed this post. I am never too busy to teach new real estate investors that want to learn how to invest in real estate. I host a weekly real estate talk radid show-click here for more details at www.960RealEstate.com