STICK TO A REPAIR BUDGET WHEN DOING FIX AND FLIPS PHOENIX
We have been working with real estate investors for the last seven years. It is all about the numbers to an Investor. Phoenix real estate is experiencing another rebirth with homes well below $100k. It is hard not to cash flow a property in Phoenix. So, we work with investors to purchase distressed properties at a great price. Then, we have to rehab the property to prepare it for a rental.
Here are some inexpensive ways to spruce up the rental without spending a lot of money...
- All new electrical switch panels for entire house
- New fans throughout the house
- New light fixtures
- Big mirrors in the bathrooms
- New Doors
- New door handles
- New front door
- Paint entire house including the trim
- Paint interior neutral color
- Paint kitchen cabinets
- Tile the entire floor
It is our job to assist new, and experienced, investors when investing in Phoenix real estate. I have a General Contractor in the Real Estate and Beyond Network that handles all the work. We see too many people spend way too much money when it comes to fixing up a rental property. Why? It is because they fall in love with the property. This is what gets investors in trouble. Create and stick to a budget.
Make the Call, Set the Plan, Do the Deal$!
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.
Phoenix Real Estate Resource Center
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