Ahwatukee, AZ Home For Sale!

Our Ahwatukee house (rehab / flip project) is now complete and has been professionally staged ... Home for sale! The list price of our Ahwatukee home is $285,000.



Click Here For The Virtual Tour!. You'll want to see the pool with this home too!

Phoenix, AZ: Ahwatukee Neighborhood - Our Real Estate Project Begins!

In the sought after "Ahwatukee" neighborhood, we will be starting our next rehab / flip real estate investment project in the Phoenix, AZ metro area on Tuesday, 9/2/2008, once the purchase has been finalized:

14863 S. 46Th St.
Phoenix, AZ 85044

This house has considerable trash and will take some cleaning ... updates to follow!

Update September 9, 2008: The home is progressing. We have increased the budget to accommodate the removal of a tree in the front yard and to install granite counter tops in the kitchen and bathroom.

Update September 13, 2008: The installation of the granite counter tops and carpet will begin this weekend and will be complete by the beginning part of next week. Lastly, an epoxy coat will be applied to complete revitalizing the pool. Upon completion, we will be staging this home and estimate that we will be listing this home towards the end of next week or the beginning of the following week!

Update September 21, 2008: This Ahwatukee house is complete. Home for sale in Ahwatukee, AZ!

Our Tempe, AZ Rehab Home Is Now Complete!

Our Tempe, AZ real estate investment rehab / flip home was finished today, 8/31/2008:



717 W. Manhatton Dr.
Tempe, AZ 85282

This house has been staged and is ready to be listed on the market. We're currently reviewing market comps to determine the list price (most likely 250k) for this home.

Please find links to pictures of the finished project below:

Click Here To View The Pictures!

Our thanks to Joyce Hazen with Chariot Home Staging!

Joyce Corsi Hazen,
HSR Certified Professional Home Stager & Redesigner
Chariot Home Staging, LLC.....Your Home Staging Coach Expert
Tel: (602) Chariot (242-7468)
www.ChariotHomeStaging.com

Update September 9, 2008: We listed the home for sale at $250,000. Despite the higher price point associated with this house, we have had modest interest in the home. Home for sale in Tempe, AZ!

Phoenix, AZ - Real Estate Investment Home

Today we purchased another residential real estate investment house in the Phoenix, AZ metro area. This home is in the sought after "Ahwatukee" neighborhood.

"Ahwatukee (formally "Ahwatukee Foothills Village") is an L-shaped neighborhood of Phoenix, Arizona bordered on the north by South Mountain Park and Baseline Road, on the east by Interstate 10 and the cities of Chandler, Guadalupe, and Tempe, and on the south and west by the Gila River Indian Community. It is the southernmost of the city's 15 urban villages. As of 2000, the 35.8 square-mile (92.7 km²) village has a population of 85,000." - Ahwatukee Information Source: Wikipedia

14863 S. 46Th St.
Phoenix, AZ 85044

As with the Tempe, AZ house, this home was purchased at the public Trustee's auction as well.

The budget for this house is roughly 15k and we will be looking to resell the home for near 250k.

Nearing Completion - Tempe, AZ Investment Project (Update)

Our Tempe, AZ real estate investment rehab / flip project is nearing completion. Construction clean-up will be taking place this evening, Thursday (8/28/2008). Upon completion, we will be listing the home for sale!

On this rehab, we expanded the budget and the renovations to make this a higher-end remodel. As a result, we are having the home professionally staged to create a strong visual presence for potential buyers!

Coming Soon - Tempe, AZ home for sale!

Tempe, AZ - Real Estate Investment Home

We just purchased (8/14/2008) another real estate investment home in Tempe, AZ from the public Trustee auction:

717 W. Manhatton Dr.
Tempe, AZ 85282

Before listing this Tempe, AZ home for sale, the house will require a light rehab (landscaping, interior painting, new bathroom counter tops, and updated fixtures) and is currently in the process of being rehabbed.

The project, if it remains on schedule, should be completed before September 1st, 2008. The budget for this home is roughly 15k, plus Realtor commissions, auction fees, utilities, and holding costs. Upon completion, we will be listing the remodeled home for resale within the next two weeks!

We will be looking to resell this property for roughly 250k. Updates will follow!

St. Louis, MO Project Update

Per our second Engineering Inspection today (8/22/2008), the two small cracks in the basement wall ended up being a structural issue requiring a minimum of 10k worth of work, if not more, to properly repair the problem. As a result, we terminated our agreement with the bank in regards to purchasing the home.

With the high inventory levels, there are still too many opportunities available for it to make sense for us to take on this complicated project even if the bank was willing to compensate us for the necessary work to shore the foundation.

On to the next one!

St. Louis, MO - Real Estate Investment Rehab / Flip Project

We have been working to purchase a residential real estate investment rehab home in the general St. Louis metro area. We have an accepted offer on a home and are completing our due diligence during our five day inspection period.

There is one item that may be a potential deal killer ... two small vertical cracks in the basement wall. We're having an engineering inspection today, 8/20/2008, to assess the problem to determine whether this is a major or minor foundation issue. Depending upon their recommendations we may have to terminate our contract or attempt to renegotiate terms with the bank.

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