One of the things I specialize in is helping investors find, buy, and rent or sell investment properties.
This is not as easy as it sounds.
Why? Because you need an agent who can not only look at what price you'll pay for the investment property, but what kind of return you'll get. That's the critical part. If you're an investor, you want a decent return on your money. And while you might be able to find a really good priced investment property, is it going to be one you can make money on?
That's a tough question, whether you're doing a fix and flip, or planning on holding onto it and turning it into a rental. Projecting how well a property will rent can be especially tricky. Fortunately, after 4 years of working heavily with property management, I've developed a very keen sense of what will rent, and how quickly.
So I'd like to present you with two crazy good deals on investment properties.
The first is 8015 W Roma, in Phoenix. Its a 1592 sq/ft 4 bedroom, 2 bath home. It's block construction means that it's going to be structurally sound for a long time (it was built in 1976).
It's got tile in the main areas, but carpet in the bedrooms.
It's listed at (you might want to sit down) $29,900!! Thats right TWENTY NINE THOUSAND!
This is an investor's dream! It's in fair condition, so spend maybe $5000 on paint, carpet, and repairs, and put it back on the market for $55,000. That's a quick $20,000 profit!!
Or, just sit on it, put some renters in it at $750-$850/month, and have a positive cash flow of $400+ per month!
The Second Investment Property of the Day is 6562 W. Orange. This one is a 1529 sq/ft 3bed/2bath with two car garage. Again, block construction, so the house is going to be standing for a long time. And again, this one is basically move in ready! Carpet, paint, minor repairs. This one is listed at $37,125, and would be a perfect "fix and flip" or rental!!
Either of these homes would be a fantastic start to a Real Estate Portfolio, or addition to an existing one!
If you have questions about these properties, or about real estate investing, Give me a call!
602 524 0186
or email!
Erin@eringoldbach.com
Vanguard Platinum Realty
Erin Goldbach
Owner/Broker
602 524 0186
Erin@ErinGoldbach.com
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