Here are some tips to help you get started in the fix and flip arena. Keep these things in mind as you search for your first property.
There’s a learning curve for everything and Fix and Flip Investment in Arizona is no different. From finding the right home to selling the home after you’ve fixed it up, there are helpful tips that can keep you from some of the issues that first-time flippers run into.
It’s easy to jump into a Fix and Flip Investment Property in Arizona and find yourself drowning in the expenses before you can even get it back on the market. What you need to do is have a good idea of what you can spend on the home so that you’re not overextending your capital. If you buy a home that costs too much you aren’t going to have enough to complete the renovations. Speaking with a Arizona Hard Money Lender can help you plan for just that and keep you from drowning in the costs of renovating. Don’t spend more than you can afford!
If you see the perfect property that has the potential for a fix and flip investment in Arizona and is in your price range where you’ll still have the money to renovate and cover the monthly expenses while you’re fix and flip, you need to make your move. Cheaper properties don’t last long and chances are you’ll be bidding against other cash offers. Know your max off you can make and still have the cash for renovations and the potential for your profit, and then make your offer quickly.
The easiest way to find a home that may accept a lower cash offer that will allow you to make the biggest profit is to look at the days it’s been listed. The longer it’s been there, the more likely they are to accept a lower cash offer. Fix and flip investments have to be based on what’s out there so that may be an older home that has no curb appeal, but that’s where you come in! Hard money lenders make it possible for you to make that quick, cash offer by giving you the capital up front and without the red tape of a traditional bank loan.
Once you start your fix and flip investment in Arizona you’ll have a good idea of what this process looks like and what you can expect as far as turn around and actually selling the home. But no matter how many times you’ve fixed and flipped, keep these tips in mind!
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis Dahlberg Broker/RI/CEO
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave | Austin | Texas | 78701
About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.