Friday, August 27, 2021

Phoenix Construction Costs July 2021

 



I am constantly being asked how much does this or that cost to renovate a house.  While I have spent years renovating houses, I never bothered to write down everything that I spend.  Eventually, I grew tired of the question and finally and formally wrote up an 11 page MS/Excel Spreadsheet with how much home renovation items cost.  

This list is available just for the asking, so feel free.  Keep in mind that I cannot keep the list fully UpToDate as prices change, time marches, etc.  But I do my best.  At a minimum, it will get you in the ballpark.  





If you need to buy or sell a home, see us at www.5kflatfeelisting.com.  We look forward to hearing from you. 


Buyers get: Sellers get:

FREE Home Inspection 5k Flat Fee Listing

FREE Termite Inspection FREE Home Inspection

FREE Home Warranty FREE Termite Inspection


Best,


Geoff Nowlin, Phoenix Realtor Brett Young, Cleveland Realtor

480-466-3737 (216) 703-5740

www.5kflatfeelisting.com by56083@gmail.com

nowlin.geoff@gmail.com

5K Flat Fee Listing Arizona

We respect your email privacy

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Thursday, August 26, 2021

How to get money back when buying an Apartment


 

This hour-long video is very comprehensive.  It shows you some rules of Apartments.  It shows you how to get money back at closing and it shows you how to push off your first payment as long as possible.  All using the rules.  If you are interested in Apartments, this video is a must before you buy. 

If you need to buy or sell a home, see us at www.5kflatfeelisting.com.  We look forward to hearing from you. 





Buyers get: Sellers get:

FREE Home Inspection 5k Flat Fee Listing

FREE Termite Inspection FREE Home Inspection

FREE Home Warranty FREE Termite Inspection


Best,


Geoff Nowlin, Phoenix Realtor Brett Young, Cleveland Realtor

480-466-3737 (216) 703-5740

www.5kflatfeelisting.com by56083@gmail.com

nowlin.geoff@gmail.com

5K Flat Fee Listing Arizona

We respect your email privacy

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Wednesday, August 25, 2021

Neighborhood Selection, important for the Investor



Would you agree that every City in the USA has;

  1. Low Income Neighborhood

  2. Working Class Neighborhood

  3. Middle Income Neighborhood

  4. High Income Neighborhood

Generally speaking, the answer is “Yes”.  Every City USA has these 4 neighborhoods.  It is important to understand that we do NOT do the same strategy in each kind of neighborhood.  This video explains what type of investment strategy is right for which neighborhood and more importantly, which strategy’s should NEVER be employed in which neighborhoods.  Take a peek and let me know your thoughts. 

If you need to buy or sell a home, see us at www.5kflatfeelisting.com.  We look forward to hearing from you. 






Buyers get: Sellers get:

FREE Home Inspection 5k Flat Fee Listing

FREE Termite Inspection FREE Home Inspection

FREE Home Warranty FREE Termite Inspection


Best,


Geoff Nowlin, Phoenix Realtor Brett Young, Cleveland Realtor

480-466-3737 (216) 703-5740

www.5kflatfeelisting.com by56083@gmail.com

nowlin.geoff@gmail.com

5K Flat Fee Listing Arizona

We respect your email privacy

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Tuesday, August 24, 2021

How to perform a double close



Wouldn’t it be great to sell a house on the same day that you bought it.  That’s what the double close is for.  You schedule the Buyer to come into close at 9am and the Seller to come into close at 2pm.  You must first check to see that the Title Company is willing to perform a double close, not all will.  This video shows you in depth how the double close works.  Take a peek and call with questions. 

If you need to buy or sell a home, see us at www.5kflatfeelisting.com.  We look forward to hearing from you. 




Buyers get: Sellers get:

FREE Home Inspection 5k Flat Fee Listing

FREE Termite Inspection FREE Home Inspection

FREE Home Warranty FREE Termite Inspection


Best,


Geoff Nowlin, Phoenix Realtor Brett Young, Cleveland Realtor

480-466-3737 (216) 703-5740

www.5kflatfeelisting.com by56083@gmail.com

nowlin.geoff@gmail.com

5K Flat Fee Listing Arizona

We respect your email privacy

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Monday, August 23, 2021

How do people get a rental house in Phoenix June 2021?

 




Not easily!  That’s the truth.  Today, I took a nice Lady to see 2 rental homes.  By the time I got back, to make application, they were gone.   How can someone rent in an environment like this?  We decided to switch strategies.  Normally, I don’t handle rentals for others.  This case is a personal friend.  So my strategy is gonna be making the application site un-seen.  

This strategy is terrible for the Tenant because they have to spend at least $50.00 per application + the mountain of paperwork required.  In AZ, the Dept. of Real Estate has a standard application (that almost NO property management companies take).  The property management companies want everything on their forms.  Which means not only do Tenants have to give $50.00 to each of them, but they also get to re-write the application over and over and over again.  What a colossal hassle. 

When you select your Realtor to find you a rental.  Make certain they are willing to allow a pre-showing application otherwise you will never get a house.  Happy Hunting. 




If you need to buy or sell a home, see us at www.5kflatfeelisting.com.  We look forward to hearing from you. 


Buyers get: Sellers get:

FREE Home Inspection 5k Flat Fee Listing

FREE Termite Inspection FREE Home Inspection

FREE Home Warranty FREE Termite Inspection


Best,


Geoff Nowlin, Phoenix Realtor

480-466-3737

www.5kflatfeelisting.com

nowlin.geoff@gmail.com




5K Flat Fee Listing Arizona

We respect your email privacy

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Thursday, August 19, 2021

How your real estate offer can compete with cash offers.

 



Typically, when you make your offer at 65% of After Repair Value on your fix and flips, you will have competition.  Your competition is typically:

  1. All Cash Offer

  2. VA Offer

  3. FHA Offer

  4. Conventional 30-year Offer

  5. Contingent upon Sale Offer

The Seller’s Realtor will almost always dump the VA and FHA because they are a pain in the rear to bring home.  They will definitely dump the Contingent offer.  Possibly they will dump the 30-year conventional offer.  The one the Seller’s Realtor really, really, really likes is an All-Cash Offer because they get paid fastest and easiest.    

Using the GETPOF.com proof of funds letter, this hard money lender will give you their bank statement to prove funds.  When Seller’s see this, they lump you into the same category as an all-cash buyer.  Remember, you are not actually paying cash, you are borrowing hard money to make the purchase.  Realtors lump a cash buyer with a hard money buyer because hard money is the equivalent to cash.  Yes, its dumb but that is what happens. 

I have routinely gotten more successful acceptances using the GETPOF.com proof of funds letter.  If you have any questions, please call me.  

If you need to buy or sell a home, see us at www.5kflatfeelisting.com.  We look forward to hearing from you. 





Buyers get: Sellers get:

FREE Home Inspection 5k Flat Fee Listing

FREE Termite Inspection FREE Home Inspection

FREE Home Warranty FREE Termite Inspection


Best,


Geoff Nowlin, Phoenix Realtor Brett Young, Cleveland Realtor

480-466-3737 (216) 703-5740

www.5kflatfeelisting.com by56083@gmail.com

nowlin.geoff@gmail.com


5K Flat Fee Listing Arizona

We respect your email privacy

fathom logo.png

How to cash flow a property

This quick video shows you how to cash flow any property.  The math is basic for any grade level.  The key is to get good software to do it ...