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.
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