Who are we?
Taylored Properties is a bidding service and property management company in Maricopa and Pinal Counties in the state of Arizona. We have been in business for 20 years. Our goal is to offer the best bidding and information services for our investors. We provide real estate foreclosure information for investor and bid on their behalf at live auctions occuring daily Monday-Friday. Currently we purchase over a hundred properties a month for our clients. We are one of the top bidding services in Phoenix and the most trusted by investors.
Our Services
- Auction List
- Drive Reports
- Bidding
- Live Auction Results
- Title Checks
Taylored Properties provides investors with a daily list of properties going to Auction. The daily email includes opening bids, estimated values, year built, subdivision, sq. ft., links to tax information and status updates if a sale has been postponed or canceled. In addition to the daily list we also provide a secondary list of auction homes that have opening bid amounts below 70% of the market value called our “Top Picks For the Day”. That list includes a detailed market analsis. The completed list is then emailed to investors at their request. Investors place bids via texting, calling, or emailing the information in to the bidders.
Our staff of expirence and proven professionals works closely with investors to assit them in making wise and prudent investment decisions. The ultimate decision to buy a property is always up to the investor but our staff is here to help.
About the Auctions
Auctions occur at 9:30 am, 11:00 am, 12:00 pm and 2:00 pm. Morning auctions typically happen at various trustee or attorney offices and afternoon auctions occur outsie on the Maricopa County Courthhouse steps. The number of properties going to auction varies from 800 to 2000 on any given day. Many properties will be postponed or will not be good buys, the experts at Taylored Properties will help you find the right properties for your strategy!
How to become a bidder & fees
To get complete access to our website, please visit:
http://seantate.bidtrustee.com/register.php
and click on get started to register. Or call Sean Tate: 480-688-2447 and we will get your account setup for you.
Foreclosure Research
Before placing a bid we request that our investors do as much investigation on the property as they can. Listed below are our recommendations of additional due diligence that will help to ensure you get the best possible deal.
Drive the property
- Find out whether the home is occupied or not
- Look at the condition of the home from the outside, look in the backyard if you can
- If you have access to view the home from inside, do so
Taylored Properties confirms back taxes and will do a title search on the properties that have bids places to ensure that the deed of trust that is going to sale is in first position. We recommend that investors verify information before placing a bid. Below are the recommended steps:
Confirm Taxes in Arrears (Back taxes)
- Visit Maricopa county Treasurer’s Office
- http://treasurer.maricopa.gov/parcel/default.aspx
- Type in the 8 digit tax parcel associated with the home
- View tax information
Also confirm Federal IRS Tax Liens
Title Search
Placing a Bid
After careful research on properties of interst, investors can then submit a bid. Taylored Properties provides serveral means for placing a bid. Below are two of the methods for submitting bids.
Via Email
Via text
Send text to Sean.
Sean Tate- (480) 688-2447
With both methods you will need to provide the following information
- Property Address
- Vesting name
- Your name
- Best phone number
- Maxium bid amount
- Datails and Notes
- Include a not if hard money is required
Winning a Bid
Receipts
If you are a successful bidder at the auction, a deposit of $10,000 is required. The auctioneer then provides the bidder with a receipt. Receipts typically no do include the property address and only include the trustee information addociated with the sale. We will email you the receipt and breakdown of payment to Trustee. Full balance is due to Trustee by 1 pm in our office the following business day so we can drive to Trustee and pay for the property. If wiring the funds, the wire must be sent no later than 10 am and the office must be notified.
Deeding
At the time of placing a bid, vesting information will need to be provided. The vesting information is how you will take title on the deed. Examples of vesting:
- Larry Smith, a single man
- Company, LLC
- Joseph Brown and Linda Brown, joint tenants with right of survuvorship
The Trustee will issue deed one to two weeks after the sale. The procedure in our office is to receive the deeds and record them at the Maricopa County Recorder. The recorded deeds are then mailed to the investors.
If you have questions on your deed please contact
Shari Tate slyn8@aol.com
Hard Money
Taylored Properties uses six Phoenix based hard money lenders. Lending criteria does vary fron lender to lender; however, we do ask borrowers to plan for the following:
- Up to 70-80% LTV (Winning bid amount)
- 20% to 30% of purchase price down payment
- Lending fees up to $1000
- 15% per annum (APR)
- Three to six months notes
- Monthly interest payments
- Capital requrirement of at least $100,000
- Some previous knowledge and expirence with investment real estate
As state under the Place a Bid section, include in the notes whethe hard money is required. If
your bid is successful, our office will contac the lenders and provide them with the following information:
- Information regarding the property purchase
- Property address
- Purchase price
- Trustee
- Trustee sale number
- Lot legal
- Tax parcel
- Buyer information
- Vesting
- Buyer address
- Buyer phone
- Buyer email
- Any llc documents if vesting in a company name
- EIN or Socail Security number
Investor Process
The process after the property is acquired at auction is a very important part of investing, it is not just about “buying right” but about managing the property correctly once purchased. We take a very hands-on approach, each Realtor meets with the rehab crw at the property and completes a walk thru to identify what needs to be done. The Realtor communicated with the owner to assist in such details as picking out colors, tile and carpet selection, landscaping ideas and other details of the rehab. Our crews are licensed and are highly regarded craftsman who understand the need to work quickly and efficiently in order to maximize profit and get the property “inspection ready”
Red Brick Realty is our brokerage and is full service brokeage and has developed a proven track record with REO, short sale and MLS listings. We take great pride in Providing the services we do for our clients and look forward to a long and prosperouse relaioships!
Taylored Properties Service Offerings:
- Bidding though Trustee/ Foreclosure Auctions
- Research properties and send out master and filterd list daily
- Drive properties and send reports (if requested)
- Cheack title and lien properties (title check guaranteed)
- Bid on properties
- After successful bid, send a copy of the receipt and full payoff info
- $3000 service fee
- Applies to both single and muti-family properties; fee structure for muti-familt varies
- Project Managemtn/ Investment Oversight
- Handle all aspects of property acquisition whether from trustee sale or otherwise
- Evaluate and make plan for rehab
- Manage rehab and subsequent sale
- This arrangement is setup in advance with apartnersip agreement (available upon request)
- Applies to both single and multi-famil properties; includes installation of property management
- Capital Investment at Fixed Rate of Return
- Utilize capital to create and manage an investment vehile fitting to your needs
- Examples include:
- REIT investment
- Manage money ad hard money to other investors
- Build a portfolio of rental properties
- Buy into completed projects with fixed returns for lower risk threshold
- Hard Money Lending
- $1295 doc prep fee
- 6 month renewable note term
- 18% annual interest rate
- Up to 80% LTV of acquistion price
- Hard money available for muti-family properties, terms and rates vary
- Consulting / Project Mentoring / Investment Training
- Provide expirence consultion for all aspects of real estate investing
- From specifics to complete walkthroughs from project start to finish
- Novice to expirenced investors
- Ares include: single and multi-family flips, rehabs, LLCs and company plannig, finding, investors, busincess plans, presentations and more
- Prices and packages negotiable, rates star at $150/hr