CRAIGSLIST GREAT SOURCE WHEN DOING A PHOENIX FIX AND FLIP HOUSE
The Phoenix real estate market continues to become a Sellers market as the inventory continues to shrink. There are 19,906 Active homes in the Arizona Multiple Listing Service. Is it a good time to Phoenix Fix and Flip a House? My investors are purchasing homes from the Arizona Trustee Sales to sell them retail for a profit. However, it does take a skill set to find the right deal when purchasing at the Arizona Trustee Sales. I see so many other real estate investors either pay too much for home or spend too much money on the remodel.
Here is a perfect example of shopping on Craigslist when remodeling a Phoenix Fix and Flip House. My investors decided to remodel the home on their own. They knew the kitchen had to be replaced in order to get the value in the home. So, they purchased the kitchen cabinets on Craigslist for only $500. The appliances ended up costing on $400 for the entire appliance package. The retail value of the entire kitchen package would be closer to $4,500. This is a great example on how to do a Phoenix Fix and Flip House on a budget.
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An interesting blog post that I enjoyed reading. Thank you for sharing it!
Here to serve
Harry, it looks like a good kitchen too - I wouldn't have thought about CraigsList. Thanks for the tip.
That is a great looking kitchen