The life and times of an Arizona Investor

This will be my personal journal to document my failures and successes during my real estate experiences in Arizona. All stories, thoughts, and successes will be documented..

Tuesday, May 31, 2005

Notes from Full time investor...

Last week, at one of the sub groups of the AZREIA meetings, there was a guy who talked to the group about his REI business here in town. This was a local investor and was very forth coming with how he approached his business. He's pretty successful, he has bought 10 houses year to date..

Here's some notes:

Price break down:

100k ARV

-10k repair

-4k selling commision ($1000 + 3% to buyers agent for a total of 4%)

-4k closing costs

-4.25k Interest taxes insurances (6 months start to finish)

-25k (profit)

$ 52,5k Maximum Allowed Offer (MAO) WOW he's buying property at 55 cents on the $$

|| Bginvestor, 9:49 AM

1 Comments:

After re-reading this post, you really listed a lot of good information. Thanks for posting!
Blogger Steve, at 7:41 AM  

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