Wednesday, January 11, 2017
West Phoenix Wholesale Property
Kris does a walk through in a West Phoenix wholesale deal. This property needs a lot of work and is being sold as-is. This is a typical deal you can buy well under fair market value. When purchasing a rental or personal home you should consider buying a wholesale deal from Investors Edge Real Estate Group. By purchasing and rehabbing a property (we have all the contractors you need), you will have instant equity. In this example, if you purchased at $115k and put 15k into the property, you would have $20k instant equity, as the property would sell for $150-$155k in today's market.
If you want to discuss anything real estate or wealth building, send us a message and lets connect!
Kris Ontiveros
krisonti@gmail.com
Sunday, November 20, 2016
Flip tip - Appliances
When we are flipping homes we are looking for consistency. One of our consistent items has been our appliances. We use the same builder grade appliances all of our properties up to $300k. We will upgrade for higher priced properties since they are generally pickier buyers. Here are 3 tips to keep in mind when choosing your appliacnces.
1. Use stainless steel: We use stainless steel appliances because it is very popular and is a big bang for the buck. We always want a few WOW!! factors with our properties. People buy based on emotions, so the more warm fuzzies they have while viewing our properties the better.
2. Buy builder grade appliances at your local appliance wholesaler.
We use Frigidaire or GE appliances, depending on what is currently on sale. We receive investor prices at a local appliance store which saves us a little bit each purchase.
3. Skip the refrigerator.
There is alays differing opinions with this one. Many people believe in providing a refrigerator. I've always gotten away without putting them in my flips. Buyers won't be impressed with a cheap entry level refrigerator, and a good double door refrigerator is $1500 - $2,000. When you are flippin 20+ homes per year that really adds up.
We always put in matching microwave, dishwasher, and stove combos. This generally runs around $1,200 installed and with all the installation kits.
We found a system that works and we stick with it. Appliances is now one item we don't have to think about. We just order them and move on to the next issue. The more systems and processes you can incorporate into your business the more time you will have to grow and do more deals.
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COMING SOON!!! Chandler 3 bedroom home - under $160k
160 W Saragosa, Chandler AZ 85225
Coming to market November 28th, 2016. BP Industries has a brand new home for sale in Chandler Arizona. This 3 bedroom 1 bathroom home has been remodeled and is move in ready.
We have amazing loan programs so you can buy this home for LOW to NO MONEY DOWN! Complete our quick application to see if you qualify.
https://docs.google.com/forms/d/e/1FAIpQLSdFT6PP19C933aaYrEwrZDEpWjgCYSxIqOgmfw8yYnTE_TDxg/viewform
Kris Ontiveros
US Preferred Realty
602-292-5747
krisonti@gmail.com
Tuesday, November 15, 2016
Sunday, November 13, 2016
Property walk thru - South Phoenix fire damage
In this video Kris walks through our fire damaged property in South Phoenix. At this point we have gutted the property, removed all drywall, old electric, old ducts, and we are down to the studs. We've replaced the burned trusses and will be putting up the new wood for the roof.
Once we have the trusses and framing in place we will begin with the rough systems. We will be putting in all new duct work, electric wiring (including cable and speaker wire), and plumbing.
Follow us as we transform this burned mess into a beautiful home that will be the nicest home on the block.
Follow us on Instagram @azhomerenovator or @azflipguys and on Facebook @azflipguys and @investorsedgeaz.
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