Category Archives: Investing
Phoenix: The Wild West of Real Estate
“I haven’t seen a beatin’ like that since somebody stuck a banana in my pants and turned a monkey loose.” – Cousin Eddie, Vegas Vacation Last week I wrote about how crazy things have become down at the Maricopa County … Continue reading
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Craziness at the Maricopa County Courthouse Steps
“I have been up against tough competition all my life. I wouldn’t know how to get along without it.” - Walt Disney They say a little competition is a healthy thing. That’s true unless you’re a fix and flip investor … Continue reading
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The Foreclosure White Knight
On the surface the deed seems very noble. You reach out to a homeowner in distress, either by knocking on their door, a direct mail piece or phone call. Their situation is dire. Job loss. Divorce. Medical bills. Or maybe … Continue reading
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The Four-Day Fix and Flip: CLOSED
From the website Answers.com: Question: Why is it so hard to hit a home run? Answer: The ball is small and fast, less than 3 inches in diameter and moving at around 80mph or more in most cases. You have … Continue reading
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Read and React: Cromford Report’s Market Summary for the Beginning of June
The average months supply (active listings divided by monthly sales rate) for the period Jan 1, 2001 to June 1, 2011 is 5.9 months. Right now we have a 3.2 month supply. Yet we read everywhere that there is a … Continue reading
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The Flipping Phoenix Houses Workshop
Stop wasting your time and money flying all over the country attending real estate investment boot camps. That’s what real estate attorney Bill Kozub told me – after I had spent more than $5,000 traveling to Denver, Colorado and Atlanta, … Continue reading
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The Benefits of a Bidding Service
The conversation usually starts like this – Marty, I want to buy a house at the auction. It’s in my neighborhood. I know what it is worth. I’m confident I could rent the house and make $300 a month in … Continue reading
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One Day Listed, One Day Sold
$157,401. We bid $157,401. That’s one dollar over the opening bid. We won 51st Place at a Maricopa County trustee’s sale on April 19th (this is same house I wrote about last week). Winning for one dollar over the opening … Continue reading
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The Four-Day Fix and Flip
I made my way to 51st Place today. Our firm bought this house on Monday, April 18th at a trustee’s sale on the Maricopa County, Arizona Courthouse steps. By Tuesday at 5a we had our contractor, landscaper and pool cleaner … Continue reading
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Be the Bank Using Your Self-Directed IRA
Anything allowed by law. That’s right – you can use the money in your IRA account to invest in anything allowed by law. Best of all, it grows tax free. It’s actually easier to talk about what isn’t allowed by … Continue reading
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