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Arizona

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.

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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.

Share and Enjoy:
  • Digg
  • del.icio.us
  • Facebook
  • NewsVine
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  • StumbleUpon
  • Google Bookmarks
  • Yahoo! Buzz
  • Twitter
  • Technorati
  • Live
  • LinkedIn
  • MySpace

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