Real Estate Hot Sheet - May 30, 2009

This is a list of recent wholesale and cashflow properties. These are true steals, these move quickly. Some deals are from MLS, some are from wholesalers, some are hot off the auction block. If you are interested in one or more of these deals call me at 602-292-5747 and let me know.

These properties will almost always need to be cash or hard money loans. Think about lending to each other, it can be easier to do a rate and term refinance than a cash out.



I have multiple property management companies ready to take care of your property.


Most of these deals to not include a Realtor commission, I give you the real price, I will not inflate prices on you. Please add 3% to price.

1. 12929 w valentine, El Mirage - click here to see a previous listing
4 bedroom 3 bathroom 2124sf, built in 2002.

This property was a short sale, it went to auction and was picked up way under value. Amount owed was $236,000, this is available for $84,550! This property was listed yesterday for $130k, this property comps at $125k- $130k. Listings says it is in good shape.

This would be a cash or hard money sale. If we could get an appraisal of $130k and could get a 70% ltv loan is would be $91,000. Or is you did a hard money loan for $85K. Lets assume $91k.



$91,000 Loan amount


$490 Principal and interest (30 year 5%)
$160 Approximate tax and insurance
$100 Property management

$750 total payment

$1,000- $1,100 Approximate rent

$250 - $350 Monthly cashflow

Approx: $39,000 equity





2. 1809 s 83rd dr, Tolleson AZ 85353 - Click here for previous listing
4 bedroom 3 bathroom 2279sf
Previous listing said: GORGEOUS Greystone loaded w/upgrades. Impressive entry w/Dual Staircase & wood banister. Decorative Windows in Liv/Dining Rm. Neutral Ceramic tile in Kitchen,walkways & Baths. Super Kitchen w/angled island,built-in desk,& rich honey oak cabinets. Grand Master Suite has Garden Tub w/marble surround,glass shower & dbl sinks.Private bed & full bath down.HUGE 18x13 4th Bedrm w/Dbl Closets. Cov. Patio w/stucco columns. Pool sized lot.Close to I-10 & Loop 101. IMPRESSIVE!

Price: $77,550

Rents: $1,000- $1,100

Comps: $110k





3. 4 plex GALORE! - Click here for a list
This is a list of all available 4 plexes in Phoenix, Chandler, and Mesa under $125K. Depending on the area, plexes in the Phoenix area rent for:
1 bedroom: $400- $550
2 bedroom: $500- $700
3 bedroom: $600- $800
So even if you pay $125,000 for a nice four plex, here is what your investment could look like.

$125,000 Purchase price
-$25,000 20% down
$100,000 New loan

$535 Principal and interest (30 year fixed, 5% interest)
$200 Est. tax and insurance
$200 Property management
$100 Utilities (estimate)

$1,035 Total payment
$2,200 Income - 4 - 2 bedroom units renting at $550/mo

$1,165 Monthly cashflow
$13,980 Yearly cashflow

56% ROI

Arizona Cashflow Properties

Thank you for visiting my website. My goal is to help my clients create wealth and passive income streams using the power or real estate!

What do I invest in? This is a common question and there isn't one answer for everyone. There are many ways to go about investing in real estate. Here are the pro's and con's of different types of real estate.

Single family homes - CLICK HERE TO VIEW PROPERTIES

• Easy to rent
• Tenant usually pays all utilities
• More desireable to most renters
• Easy to manage
• Easy to liquidate

Condo's/ Townhomes

• No outside maintenance
• Lower cost, lower rents = more people can afford it
• HOA usually pays water/sewer/trash bill
• Usually separately metered for elecric, tenant pays
• Easy to manage

Small plexes - 2-4 units - CLICK HERE TO VIEW PROPERTIES

• Usually better cashflow
• Easier to cover the note
• Lower vacancy rates
• Hands off- best to hire a property manager
• Cheaper per unit, usually no hoa fee

Service Providers

To be successful real estate investing you need to have a great team. I have put together a great list of professionals to help you build your team. I hope to be your Realtor of choice.

REALTORS

1. Team Ontiveros real estate group - Kris Ontiveros - 602-292-5747 - krisonti@yahoo.com - www.teamontiveros.com. Team Ontiveros specializes in residential real estate. Team Ontiveros consists of the Ontiveros family, Kris, Susan, and Katrina.

CONTRACTORS

1. Ontiveros Family Services - Katrina Ontiveros - 602-486-0955 - ontiscurb@gmail.com - www.ontiscurbandlandscape.com. Ontiveros family services can do it all! Call Katrina for all of your landscaping needs including maintenance, installations, trees, rock, pavers, curbing, concrete paving, fencing, walls, and more. They also do trash outs, housekeeping, re-keying, notary, real estate posts, transaction coordination, and much more.
2. Robinson Trim - Jared Robinson - 480-244-7923 - robinsontrim@hotmail.com. Robinson Trim specializes in high end trim and wood work. Jared is very good at top of the line upgrades including trim, window trim, baseboards, even furniture! Jared can also be the general contractor for your remodeling needs including: paint, plumbing, electrical, carpentry, tile, carpet, and more!
3. LASCORP - Paul Staples -
4. Handyman Plus - Jesse Reeves - 602-228-1072 - reevesaznspect@aol.com. Jesse Reeves has been in the business for quite some time and can do anything that has to do with building or repairing a property. Jesse is also a home inspector, he does almost all of our inspections for our investors and our end user buyers.

WHOLESALERS

1. U Fix Em Properties, LLC - Bob Gomez - 480-695-3229 or Dave Jacobs - 602-809-6622. Bob and Dave have been doing great business for quite some time. Both are active members of AZREIA as well as other sub-groups. Bob and Dave help their clients through the rehab process almost always have properties for sale.

MISC SERVICES

1. Service One Home Warranty - Deke McBride - 602-316-2635 - d.mcbride@s1hw.com. If you need a home warranty for yourself, or if you want to use it as an incentive when you sell your investment property I recommend Service One. I have used them persoally and always received good service.
2. American Property Inspections - Jesse Reeves - 602-228-1072 - reevesaznspect@aol.com. Very knowledgable and very reasonably priced. Never buy a home without a home inspection, a couple hundred dollars will save your THOUSANDS in the long run.