stevesan's blog

I learned alot in a few pages of the new book. Some thing else I stumbled on and it worked that was brought out in these pages. I had an idea and went with it. I found a foreclosure website and looked for houses that didn't sell at the auctions and still own by the bank. I looked for houses that are dirt cheap in nice areas. I found one that was 100K. Took Dean's advice and offered half, 50%! What do I have to loose. They took the offer. I made some minor repairs, fresh paint and a little yard work. Now the houses is listed for 249K in an area the other houses are valued at 329K plus. It's amazing!

I have found Arizona has made it extremely difficult for investors to do double closures due to the amount of investors and the high foreclosures rate. One of the requirements is that you must live in the house for 90 days before it can be flipped. Title companies have put a ton of restrictions on flipping. I'm still looking for solutions as I'm not in the position YET to buy and then rent out these properties.