Power House Flipper – 28 of 31 Homes Purchased at Phoenix Trustee Sales Sold this Year
Hal Feinberg has found a nice niche in the Valley of the Sun fixing and flipping single family residences. In fact, he’s sold 28 of 31 homes purchased at Phoenix Trustee Sales this year. But even with the nice chunk of change he’s been making on each property, his desires have been changing… “I’d like to get back to buying and holding.”
It isn’t any mystery what Feinberg has in mind, he wants to create positive cash flow by renting out more of the homes he purchases. This probably means Feinberg is generating enough cash by quickly flipping homes to fore-go the 18%, 80/20 LTV ratio hard money loans in favor of dropping cold cash on the next several properties he picks up at Phoenix Valley trustee auction sales.
Feinberg, who’s now a full-time property investor, understands the importance of having intimate knowledge of Phoenix metro neighborhoods in order to know how much to safely bid. The trustee sale auction game isn’t for amatuers. Buyers need lot’s of cash or access to hard money loans. And since often times the investor never gets to see the interior of these homes, having the experience or the guidance of an experienced hand can help buyers avoid unpleasant surprises and pitfalls.
To see the original article on Mr. Feinberg’s success fixing and flipping homes in Phoenix, AZ… click the link below.
Click HERE for Power House Flipper Article