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Fix ‘n Flip…by the numbers

Fix ‘n Flip…by the numbers. Tom Ruff AZREIA May 14, 2012. In the beginning…. Tracking daily real estate transaction since 1983 Tom Ruff Director or Operations AZ Bidder, LLC.

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Fix ‘n Flip…by the numbers

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  1. Fix ‘n Flip…by the numbers Tom Ruff AZREIA May 14, 2012

  2. In the beginning… Tracking daily real estate transaction since 1983 Tom Ruff Director or Operations AZ Bidder, LLC

  3. “One way to think about it is, the longer a household formation stays down the greater the pent-up demand is, and it's like a rubber band — you keep pulling back on it. At some point, when you let it go, it's going to snap back in a very big way. So that's very likely to happen in the housing market. We can debate exactly when it happens, but happen it will.” - NarimanBehravesh, Chief Economist of forecasting firm, IHS

  4. Tom Ruff “Before I tell you what I know… …let’s go over what I don’t know”

  5. Methodology • Data set: June 1, 2011 thru March 31, 2012 • Flips are defined as properties purchased and resold in within a 6 month window • Subtleties • No cost considerations • Wholesale model/Deed considerations

  6. “The reports of my death are greatly exaggerated.” ― Mark Twain

  7. Short Term Trends Increasing

  8. A deal is a deal wherever you find it! Speculators Returning

  9. Standardized Breakdown

  10. Sales - Median

  11. Sales Average

  12. Flipper’s Target

  13. Flippers like a sure thing • Over the last 10 months, “9027 Flips” have accounted for 11.11% of all sales • 98% have had a positive return • They know their market • Time

  14. Time

  15. Range

  16. Tidbits: • Purchases 93% cash or hard money • On the flip side 65% are financed • The median price paid at auction by flippers is $10,000 higher than the median price of all homes purchased at auction, $107,000 compared to $97,000 • April flips were 13% of the normal market • Prices continue to move up in May

  17. Ancient History

  18. Single Family ResidenceRecorded 5/10/2012

  19. Recorded 5/10/2012 6507 E ENCANTO ST Purchase Price: $ 97500 Sold Price: $ 157,000 Spread: $59,500 3rd Party Auction: 56 Days on 13026 W ALEGRE DR LITCHFIELD PARK, AZ 85340 Purchase Price: $192,500 Sold Price: $249,950 Spread: $57,450 3rd Party Auction: 56 Days on Market 4419 E JAEGER PHOENIX AZ 85050 Purchase Price: $225,000 Sold Price: $329,900 Spread: $104,900 Short Sale: 104 Days on Market

  20. “A deal is a deal is a damn deal.” - Tom Ruff Thank you!

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