Shortly after we moved into our Scottsdale condo, we met with our business partners to tour a couple of foreclosed houses they bought at trustee sales. Here are 2 video tours where you can see 2 different houses in the north Phoenix area, one just acquired and one fully fixed up.
Home #1 – Desert Ridge House, Just Bought at Trustee Sale (Before Remodel)
Home #2 – NW Phoenix House, Fixed Up and Ready for Sale
As you can see, both houses are in good neighborhoods. They should both sell at a good profit for the flippers and investors. Now that we’re local, we can get more involved in this business.
After a few months of homeless roaming (mostly in CA and along the west coast), we finally moved ourselves (and our stuff from mini-storage) to a condo in north Scottsdale, AZ. We drove from Long Beach to Scottsdale in about 6 hours, slept on an air mattress for the night, then had the movers meet us at the mini storage the next day.
It took about 4 hours including driving time to get our stuff out of storage and into the condo on the 2nd floor – glad we had help! For the most part the move went really smoothly. The only major glitch is that we forgot to get gas turned on at our unit, thinking everything was electric. Then we found out there was no hot water! Oh, well, lots of cold showers until the gas gets turned on in a few days…
It’s remarkable how little we missed our stuff in the 10×10 storage (it was full with furniture and many boxes). I think we can go down to half the number of boxes and furniture when we move again
It was a beautiful sunny day in southern California – very warm for November in the 80′s and 90′s. David wanted to visit the world’s oldest operating McDonald’s franchise in Downey, CA and drive there in the 1948 Chrysler New Yorker that he co-owns with his dad.
We arrived there safely (you never know with an old – uh, classic – car what might happen) and had our lunch (David had a burger and I had some chicken nuggets) on site, joined by lots of pigeons who seemed unafraid of people. I can see why the Italians called these birds “rats with wings” now. Anyway, we had a good time and here’s the video.
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We took the scenic route from Palos Verdes to Long Beach on the way back from visiting a friend. Here’s the video of our scenic drive along the coast in the neighborhood where David grew up. You’ll also see the ocean view home that we almost bought a few years ago and how we missed out on a couple million dollars worth of home equity!
We were in Scottsdale, AZ last week looking at properties for rent as well as houses that were bought by our partners at the trustee auction to fix up and re-sell. We toured 3 houses being prepared for re-sale, one of them was sale pending already.
House #1 – DC Ranch House Tour (Scottsdale, AZ)
House #2 – McDowell Mountain Ranch House Tour (Scottsdale, AZ)
House #3 – Custom House on Acreage (Scottsdale, AZ)
Looks like the fix-and-flip model is working in the Phoenix area and competition is heating up. Trustee sale bidding is getting pretty competitive for lower-priced houses so some investors (including our friends) are moving up market to higher-end homes with better margins.
