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Tuesday, February 24, 2015

Phoenix Real Estate Investment - Wholesale - Flip Properties - REOs - Short Sale

Short Sales Creates Low Housing Inventory in Scottsdale and Greater Phoenix, Arizona Markets

Expert Author Todd J Sullivan
Why Such Low Housing Inventory for Scottsdale and Phoenix, AZ?
As most people who are involved in the Scottsdale and greater Phoenix, AZ real estate markets intimately know, the number of active listings is at an All Time LOW of 16,218 homes for sale as of February 29th, 2012.
By most indications, a balanced market for Maricopa County is between 24,000 and 26,000 active homes for sale. These numbers indicate that Maricopa County, which includes greater Phoenix and Scottsdale residential markets, are approximately 8,000 homes under a balanced market.
With such a lack of inventory, a normal market should drive prices up with hyper activity until the residential market stabilizes at its natural equilibrium.
But, it's not happening this time.
There are several critical questions that this lack of inventory raises for real estate agents, home buyers and home sellers. These questions are:
Why are the normal market functions not working with such low housing inventories?
How will the Banks and their distressed properties affect the housing markets?
How long will this lack of greater Phoenix and Scottsdale housing inventory last?
Although a real estate crystal ball would be great (and I wouldn't be writing this article if I had one), I believe we can partly answer the above questions by examining the current housing and banking trends to better predict the future.
The first question regarding why normal market conditions are not working to drive prices higher with low housing inventories is truly defined by using the word "normal" in describing current market conditions. There's nothing "normal" about our real estate markets. Without going into great detail, a normal real estate market is partly defined as willing and able sellers selling homes and property to willing and able buyers who purchase at fair market value as defined by the natural laws of supply and demand and who intend to use the property is their primary home. I probably don't need to elaborate further on these statements as most home sellers are not "willing" (short sales) or do not even consist of the original owner such as a Trustee/Foreclosure Sale or the sale of foreclosed homes by the banks. When lending restrictions are so dramatic that cash buyers make up a large segment of the home buying population, normal market conditions cannot exist.
For Maricopa County, it is not a normal real estate market which means low housing inventories do not necessarily create rising housing prices. Scratch that key presumption.
Although we do have some general answers to the second questions, it truly requires a crystal ball for better clarity. We do know several key things about the banks and their changing programs for distressed homeowners. The first fact is that due to a number of legal issues and the economics of foreclosure, most banks are now promoting short sales instead of foreclosures after other alternatives such as loan modifications and refinancing fail. The lack of bank owned homes for sale in Phoenix and Scottsdale are illustrative of the lenders new focus on short sales. As banks are focusing on short sales, the timeliness of the transaction has dramatically increased.
According to a recent Wall Street Journal article, new data indicate that foreclosure timelines have increased significantly. Arizona foreclosure statistics illustrate this point with loans under $250,000 taking an average of 410 days from initial delinquency to foreclosure. For loans over $1 million, the average number of days is approximately 620 days.
Finding data that measures Arizona short sales from the date of the homeowner's initial delinquency to close of escrow is difficult at best. However, in managing my firm's distressed property division, most short sales will close very near the foreclosure date and often will extend past the foreclosure date by requesting short sale extensions. I believe it would be conservative state that most short sales in Maricopa County will close escrow within 80% of the actual foreclosure date. Using this data, a Scottsdale or greater Phoenix short sale as measured from the initial date of delinquency to close of transaction would average 328 days for loans under $250,000 and 496 days for homes with loans over $1 million.
I believe the third question regarding how long will the low housing inventory last in Scottsdale and the greater Phoenix residential markets is actually answered by the first two questions.
Normal market conditions do not exist at this time. As such, low inventory does not necessarily mean that more homeowners will place their homes on the market for sale as they simply cannot sell their homes until general values exceed general mortgage debt. The normal market functions of low inventory creating higher prices which trigger increased product to balance supply and demand of the residential markets will not end this shortage of homes for a long time.
A large number of people believe that the banks will release a large number of homes that are held in their "shadow inventory". I do not believe that this is a factor that will increase the supply of homes as the banks have changed their foreclosure practices from foreclosure to loan modification and short sales. Assuming homeowners cannot sell their homes due to debt issues, to balance the market the banks would need to place homes that they currently own into active listings at around 8,000 homes per month. I believe this is unrealistic at best.
In conclusion, due to the banks changed focus to short sales and the length of time for foreclosure or short sale and normal market supply and demand processes that are not working, the greater Phoenix and Scottsdale residential markets will face a significant shortage of inventory stretching into 2013.
If you are a real estate agent, the old maxim "Lister Last" could not be truer.
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Wednesday, October 29, 2014

Phoenix Real Estate Investment - Wholesale - Flip Properties - REOs - Short Sale

The Truth About Shadow Inventory In Phoenix Real Estate Market

Expert Author Jennifer Wehner
With a little bit of analysis, the claim that there is a tremendous shadow inventory on the Phoenix real estate market is easily banished. Unfortunately, homeowners and homebuyers are oftentimes led off the path by faulty reporting, even in major news outlets. There are resources that can be inspected to get a precise evaluation of how much inventory may be available and that is currently with lenders.
Erroneous Reporting
Reuters, one of the biggest news agencies in the world, announced in July of 2012 that price gains in Phoenix - and other so-called foreclosure-heavy cities such as Miami - are largely because banks own a great deal of inventory that they're not putting on the market. The reason given for this is a possible scandal due to robo-signing on the part of banks. Unfortunately, the information put out in the media is inaccurate.
In the Phoenix market, at least, if the banks were to let the inventory that they currently hold onto the market, it would make a trivial or no difference at all in the prices for homes, specifically considering how much demand has increased over the last year.
Not That Many
The Cromford Report follows the amount of inventory that is held by lenders. This tracking is only attainable by subscription, but it keeps record of Phoenix real estate inventory unequivocally. According to these reports, there aren't even 5,900 residential properties in the hands of lenders. Almost half of them are already active, some of them are pending sales and others are off of the market on ARMLS, according to Arizona Real Estate Trends.
Of the inventory not included in that number, lots of them are under leases and are occupied by tenants. The reporting mentions that, even if that housing inventory was released onto the market, it would account for less than two weeks of inventory in the Phoenix real estate market. This would not have any significant effect on the prices of homes in the overall market. In fact, in a healthy real estate market, the inventory is usually somewhere in the neighborhood of six month's worth of properties.
Not Many Foreclosures
Another popular conception is that Arizona is one of the worst states in the nation as far as foreclosure rates go. In fact, Arizona has a foreclosure rate that is below the national average. Currently, according to the reporting, Arizona has approximately 5.9 percent of its homes which are 30 days delinquent and not yet in foreclosure. The national average for that same figure is 7.6 percent. As for homes that are more than 30 days delinquent and that are in foreclosure, Arizona has a rate of 8.7 percent, while the nation as a whole has an average of 11.3 percent.
Though the two states are often mentioned side-by-side in real estate reporting, Florida has a 21.3 percent rate of loans that are 30 days or more past due and that are in foreclosure, establishing that Arizona is in better shape than is portrayed in the media. Shadow inventory on the Arizona real estate market, quite simply, is a fabrication.
visit if you have any questions about buying or selling homes in Phoenix or the surrounding areas.
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Thursday, September 18, 2014

Phoenix Real Estate Investment - Wholesale - Rental - Flip Properties - REOs - Short Sale

How to Succeed at Real Estate Investing

It's not that real estate investing is rocket science, but many newcomers to the game make mistakes. While it would be impossible to account for every eventuality to ensure successful investment, the following three guidelines/strategies will help you to avoid failure. An understanding of the basics elements in combination with knowledge of how to maximize your return on investment as well as some fundamental principles of investment will help you get the most from investing.
The Basics
Real estate investment essentially involves three stages: acquisition, ownership, and sale of property. Even if you never rent or lease a property, a real estate investment can be profitable if you sell for more than you purchase. Generally speaking, real estate investments are favourable to stock investments as you can leverage these properties. Therefore, by investing in this, you have the opportunity to utilize other investors to improve your rate of return while also accessing much larger investments. In addition, once you factor in the potential to rent or lease these properties, you have the advantage of using this cash flow to pay your mortgage; an option that is not available with stock investments.
There are many other benefits to real estate investment. You can gain equity in assets as they appreciate in value, but you also have a physical property to which you can prove ownership. That ownership provides an element of control and security while allowing you to develop a more diversified portfolio. Still, it is also important to remember that with any investment, there are risks. Property values can drop in the short term and this type of investment requires a lot of management. However, many of the most successful investors rely on real estate as a source of wealth, a fact that motivates many individuals to consider it for investment.
Return on Investment
There are many ways that real estate can provide you with returns on your investment. The first obvious return is the cash flow generated from renting or leasing a property. As such, you want to do your best to calculate how much cash flow is likely to be generated from a property. In addition, buildings and properties tend to appreciate over time; the growth in value of a property is one of the main types of return that generates interest from investors. And for the savvier investor, these properties can be developed to provide an exponentially higher return on their initial investment.
Understand the Properties
Real estate investors are not home owners, they are business people. Before investing in a property, learn as much as you can and don't be overly focused on amenities, curb appeal, floor plans or other aspects that might attract home owners. Instead, consider the numbers. Develop an investment goal and create meaningful objectives, making sure to research your market carefully. The more you know about a property and the neighbourhood it is in, the more likely you are to understand the potential for the area to grow and for the property to appreciate or generate cash flow.
For more on real estate investment please visit Platinum Properties Group
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Saturday, February 23, 2013

Phoenix Real Estate Investment - Wholesale - Rentals - Flip Properties - REOs - Short Sale

Real Estate Investing - Instant Solution To Your Related Problems

Investing in real estate is one of the trickiest tasks as it involves a great deal of risk and uncertainty. Some people invest in real estate in order to make high amount of profits easily and some invest in order to construct their home in the future. Every individual investing in properties has certain goals and aspirations. With the economy facing a downfall, people nowadays are reluctant in investing in real estate properties. However, the best way of making high profits are to invest in foreclosed properties that are available for purchase a price far below the actual market value.
In order to make a right investment in the real estate, you need to follow certain guidelines. These guidelines are important for all the aspiring investors in order to make an intelligent and successful investment. Some important real estate investing tips are discussed below in this article. You can go through these guidelines in order to invest your money in the right direction.
1. Considering Your Needs
Knowing beforehand about what you want is an important in order to make a successful investment. It is seen that a large number of people purchase a property but they are not sure about what they want to do with it. They are not sure that whether they want to use the house themselves, give the house on rent or to dispose it off when the market value hikes. You should decide beforehand about what is your purpose of investing in the property. If you want to enjoy a regular income then you can give away the house on rent and if you want to earn quick profits, then you can sell the property at higher price after a short period.
2. Avoid Over Expenditure
While purchasing a property, make sure that you perform the certain duties by yourself like fulfilling legal formalities, contacting the owner of the property and others. You need not hire any professionals in order to perform these activities. You may be running at a loss after hiring professionals like real estate agent, lawyer, broker etc. as you have to pay their fees. You may spend the profit amount and even spend money from your own pocket in order to pay these people. So, you should identify the duties that you can perform by yourself and minimize your expenditure. Help of these professionals should be taken only when necessary.
3. Understand The Market
You should learn about the real estate market and should be familiar with the ups and downs in the market. You should educate yourself on the investment trends in real estate by talking to the experienced people and researching about the market.
4. Business Ethics
You should always keep in mind the business ethics and rules in order to avoid any losses. Investing in a real estate property has been just like a business, and becoming greedy for more profits and visualizing unrealistic dreams are some of the best ways of shutting down the business. You should always make sensible decisions in order to avoid any loss in investment.
Therefore, these are some useful real estate investing guidelines that will surely help in making a right investment.
Article Source:

Tuesday, January 8, 2013

Phoenix Real Estate Investment - Wholesale - Rentals - Flip Properties - REOs - Short Sale

Real Estate Investing As We Know It Just Changed Forever! Here's What to Do About It

Expert Author Kristopher Thomas
In the wake of the Great Recession and Real Estate crash of 2008 / 2009, things are still looking grim out there. The real estate market has continued its steady decline in most areas, investors are scared, homeowners are broke and unemployed and the government is doing everything wrong. As a property investor, I bet you are just wondering when real estate is just going to go back to being "normal."
Well, that's an interesting point, because the problem is, what most folks think of as normal, will not be returning anytime soon. And possibly never again.
You see, there is a massive paradigm shift taking place right now in the residential real estate market. One that the average investor may not have any clue exists. But I can assure you that this change will make a profound impact on the way people view investment in residential homes.
My goal with this article is to give you a warning sign. Think of it as a flare going up in the dark midnight sky. Something to alert you to the extreme change that is taking place right under our noses. This powerful under-current in residential real estate is something that none of us have ever seen in our lifetimes.
The result of this paradigm shift will leave many property investors out of business and those that do manage to stay afloat will see their profits shrink as the number of "good deals" out there dwindle.
Looking at what is going on today is similar to when the first Wal-Mart was introduced to small town America. It basically put the mom & pop shops out of business. It's this kind of consolidation that is occurring right now in the residential market.
So where does that leave you, dear investor? Well, the rules of the game have changed and the goal of this article is to give you an advantage over all the other investors out there that are in the dark. I want to show you that there is a way to side-step what is happening and come out on top, and probably even more wealthy than when you started.
See, the real secret to surviving this change of the guard in property investing is to align yourself with smart, savvy individuals and build yourself a strong network of knowledgeable people that can get things done for you quickly and cheaply.
The best way to weather this coming storm is to shelter yourself with the comfort and protection of a community filled with like-minded individuals that can offer you value in return for your expertise.
Luckily for us, there is such a place out there and the folks in this community are well-aware of the massive changes taking place in property investing and are positioning its members to make a killing in the coming months and years.
I have hope for the future of real estate investing thanks to this resource, and I encourage you to explore the option further. It could make the difference between a failing investing business and an extremely lucrative one!
Fortunately, as I mentioned above, there is a place you could go to arm yourself with the right tools, contacts and resources so you can succeed and avoid failure during this titanic shift taking place right now in residential real estate investing... it's called Real Estate Mogul Elite and it is an online community where successful RE professionals go for help.
For more info about Real Estate Mogul Elite, visit my site by clicking the link below:
Here's to a successful real estate investing career.
Article Source:

Phoenix Real Estate Investment - Wholesale - Flip Properties - REOs - Short Sale

Wholesaling Bank Owned Property in 2013

Expert Author Sean Terry
Wholesaling bank owned REOs has been the source of an immense amount of business and millions of dollars in income for real estate investors over the last few years, but what does the landscape for flipping these distressed properties look like for 2013 and beyond?
Is wholesaling bank owned property still a viable real estate investment strategy, are we at the end of the game for flipping foreclosure homes and if so what's next, going back to the 9-5 grind?
Flipping Houses for 2013 and Beyond...
Despite massive improvements in the U.S. housing market during 2012 and significant gains expected for the next 12 months, investors will be pleased to know that there are still many foreclosures in the works, providing fuel for flipping many more houses.
The pool of distressed properties working their way through the system to become product for those wholesaling bank owned REOs is far larger than the visible number of REOs on banks' book today. It's far larger than the numbers of homes seen going to foreclosure auction in the last couple of months and even much greater than the estimated 70% of distressed homes hiding as shadow inventory today.
In fact, Bank of America just revealed that they alone are holding a massive $64 billion in delinquent home loans on which borrowers are more than 6 months behind on payments, on which they haven't even begun the foreclosure process yet. That's far more non-performing paper than even the world's richest man, Carlos Slim could buy and that's just at Bank of America.
At best the numbers show we might be half way through processing foreclosures from the crisis. This means at least another 4 to 6 years of wholesaling bank owned homes, if not far longer.
Access to mortgages ought to begin getting better in the New Year too, making it even easier for investors to ramp up their volume. However, changes in the rules are coming and investors need to anticipate them.
As lenders and the government begin to believe that they need investors less they will continue to crack down and make it tougher to do some flips. This is already being seen in the paperwork coming out in short sale packages form major financial institutions.
Ultimately some real estate investors will find pooling money to buy in bulk or even going after distressed properties early as mortgage notes a great move.
Adapting to Real Estate Trends
So we may have plenty of foreclosures to go around for wholesaling bank owned homes for years, and this pool may even grow bigger as short sale incentives decline. However, investors need to have a longer term game plan.
If your only game and strategy is flipping REOs you are going to find it pretty frustrating when they do eventually dry up, whether that is 14 months or 40 years from now. Understand that there is plenty of profit to be made without foreclosures and how you can successfully wholesale in this type of market and you will be ahead of the game.
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Sean Terry is a Real Estate Investing Mogul that hosts the #1 Real Estate Investing podcast in iTunes, if you would like more great information on Money Making in Real Estate please visit Today!
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Monday, December 3, 2012

Phoenix Real Estate Investment - Wholesale - Flip Properties - REOs - Short Sale

Buying Wholesale Real Estate

Expert Author George Whittaker
How can you buy wholesale real estate from a wholesaler? First, I have to assume that you know the basics of investing in real estate and you understand cash flow formulas and ROI calculations. Without knowledge of these, you might as well close this page and read a comic book instead. Since conventional financing for investors has all but dried up, I also have to assume you have cash. Without cash, you cannot buy from wholesalers. Let me explain how wholesalers work.
Hey, why should you read this and listen to me? Well, I am a wholesaler who has had my share of flaky "investors" who promise it all and deliver little! My idea is to under-promise and over-deliver. When I have a wholesale "deal" it REALLY IS a "deal" for the end buyer(investor) with cash.
A wholesaler is like a bird dog. He or she scouts around their target area for "deals". When the deal is found, it is put under contract in one of several ways. One way is using a short one or two page agreement that is "assignable". No matter the agreement, it must be assignable. The end result is that the wholesaler will be assigning his contract with the seller to you. You will fulfill the buyer's role and pay an assignment fee to the wholesaler. Now there are many variations to what I just described, but suffice to say these are the basics of every wholesale deal.
Your first step is to find one or more wholesalers out there and give them the details of the properties you intend to purchase. Details like specific target neighborhoods, overall condition of the property, BR, BA, etc. Of course a price range would be helpful; you can't just say "as low as possible". How do you find a wholesaler? It's easier than you think. There are probably more wholesalers in your backyard than you realize. Do you ever see those, "We Buy Houses" yellow signs on poles or in someone's yard? The sign placer is most likely a wholesaler. Ever see Google ads for "We sell houses cheap". The ad placer is most likely a wholesaler. Craigslist house wanted ads are most likely wholesalers. Craigslist house for sale by owner can be wholesalers with deals ready to buy. Use your imagination and find someone you can work with.
When you find a wholesaler, you need to be sure that you can work together to reach your mutual long-term goals. Find out what the wholesaler's goals are for his business and the plans he has to move from wholesaling, if any. A good wholesaler is in it for the long haul and wants to build a successful business out of wholesaling.
You should be looking for a wholesaler to build a long-term relationship with. Like you, a wholesaler is out to build long-term relationships with his buyers. One time purchasers are not the wholesalers' ideal buyers. The first couple of deals you work together with a wholesaler, use the Ronald Regan method to determine the depth of the ongoing relationship; that is "trust and verify". You need to trust your wholesaler to tell you truthfully everything you want to know that he knows. You also need to verify any information you receive from a wholesaler for accuracy, oversights and judgment errors. You don't want a wholesaler who tells you that they know this neighborhood and the house is worth $200k using Zillow's inflated or old estimates when in reality the area only supports $150k properties. Use your own reliable internet resources and if needed, boots on the ground to verify what you are buying. If you buy a dud, don't blame your wholesaler; he most likely is a brand new "investor" himself just looking to get started. It is your responsibility to know what you are getting in to. Trust builds on itself and it's a two-way street. You need to also be trustworthy and buy the property when you say you're going to and pay what you agreed to pay for it.
After a few deals, you will get to know your wholesaler's strengths and weaknesses and you can work around them or if there are too many weaknesses, find another one. If' you think you'd like to work with an established bird dog, go to my website below and check out the ninety-seven dollar report you can get -free.
So visit here and get your own copy of the eBook How To Buy Houses Wholesale without Taking A Bath! Cheap Houses For Sale is just a start.
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Sunday, October 21, 2012

Phoenix Real Estate Investment - Wholesale - Flip Properties - REOs - Short Sale

How Is the Real Estate Market Recovering?

Expert Author Ilidio P. Cardoso
The real estate market has suffered a downfall amidst its success in the past years, thus the housing depression that cost trillions of dollars in the past two years alone. We have yet to see its turnaround after hitting the bottom, and it's undeniable how many of the investors and real estate marketers have suffered a great deal.
News about real estate getting back on its feet is running around, and many interested people have been on the lookout for confirmation of its recovery. Some say the problem was due to supply and demand, where new homes were less likely to sell when the market was on the lookout for existing ones, since they were less costly and more convenient for families needing a place to live in immediately.
The truth is, over the past few months, the housing market has shown signs of recovering from the depression, and has been slowly gaining its normal pace. Some have forecasted that it will be back to normal in about two to three months, provided the pace of its recovery is consistent. Values of homes kept dropping, but is now gaining control. If the economy stays the way it is at this present moment, investors and interested businessmen are looking at a healthier real estate market once again in a few years' time, something definitely worth looking forward to.
Proofs of the real estate market's slow but precise recovery over the next few years have also been making it to the news, making everyone on the lookout happy in anticipation. Profits that turned out better than expected, more new homes built, the affordability of most properties in the market, less foreclosures, and a lot more, can prove that recovery is not too far from the housing market's current status. It's not unlikely for us to find this industry booming in success once again in a few years, promising hope once again to anyone ready and willing to take the challenge, learn the basics and then some, and master the amazing art of real estate marketing on their way to success.
Much has been said about the housing market's recovery not being realistic, though, but carefully looking at the facts presented to us helps us determine the trend real estate's recovery is really treading as of the moment, so it's never too late to lose hope, or, unfortunately for some, to stop hoping.
The first few phases of the housing market's recovery has been recently reviewed, and so far, has set better outlook on current and future investors. The recovery of real estate marketing relies greatly on the recovery of the economy itself, too, but most businessmen and marketers are really optimistic in the 2015 forecast.
Want to learn more hidden secrets on the housing market, click here.
Article Source:

Thursday, September 13, 2012

Phoenix Real Estate Investment - Wholesale - Flip Properties - REOs - Short Sale

The Advantages and Effective Steps For Buying Phoenix Foreclosures

The foreclosures are straightforward and hasty process started by the credit finance companies. It is a lawful practice where the homeowner surrenders all his assets to these finance companies owing to the non-payment of the loan amount that is outstanding against the owner's name.
The reason to buy Phoenix foreclosures
Foreclosures can bear productive results for the potential purchasers as it may provide a reasonable inexpensive alternative to have possession of a property in the posh areas of America. Other than buying a property there can be other reasons as well which are listed below.
• Phoenix is most important from the point of view of financial, business, economic, educational and transportation center of Southwestern United States.
• There are close to seven fortune 1000 business groups placed in Phoenix.
• The inhabitants of Phoenix include famous musicians, politicians and other similar rank celebrities.
• Arizona has the major public universities in US, the Arizona State University located in Northwest Phoenix, made 64,394 enrollments of students in the year 2007.
• The city of Phoenix stands as the home for quite a number of high-tech and telecommunications companies.
• The temperate atmosphere in winters benefits the amusement, golf industry and tourism in Phoenix.
The advantages offered to buy the Phoenix foreclosures
Purchasing a possession of assets through Phoenix foreclosures holds some great benefits which are listed below.
Nation's fifth-biggest city - The city of phoenix includes a diverse combination of classy metropolitan area that has a marketplace with an appreciated value of $50 billion, enhancing its grandeur and making it effective for a huge real estate investment including business as well as employment opportunities.
Various art and culture prospect - The city also houses a number of dignified and lively cultures of the Anglo, Asian, African, Native American, Hispanic and Mexican and together they contribute to a prosperous and cultural atmosphere that makes residing at Phoenix more worthy and fun.
Pleasant neighborhood - The nature crafted cities of Carefree, Glendale, Scottsdale and other related locations holds a sophisticated, uphill, juvenile and multi-cultural population with a decent living environment and cultural blends appeal to a large number of people to buy Phoenix foreclosures.
Low cost of living - In comparison to the usefulness of the city with the prosperous cultural influence on its people, the cost of living standards is reasonably low owing to the factors like low taxes, low interest schemes and cheaper living facilities making Phoenix a perfect host for all the people coming to stay here.
Few effective steps to buy Phoenix foreclosures
1. You should come to a conclusion regarding the location, number of rooms, the total size of the house and most importantly the budget. Now accordingly, look for a suitable house in the Phoenix foreclosures.
2. The property owners of the foreclosed houses are always keen on selling the property than preserving it and there is very good chance that you may get the possession of the house by paying a reasonable amount. So negotiate on the price they quote for their property, which is definite to come down in the process.
3. There are various websites where you can enroll online and search for your preferred foreclosed deal. It offers latest information at a nominal fee but finds good bargained properties.
4. You can assess the nearby locality around the property to make sure the place is away from disturbances and it offers the daily requirements without much difficulty.
Writing is my life and I love it. I write a lot of Articles and Blogs to relay all of my experience about Real Estate Investment. To know more Click Here.
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Thursday, August 23, 2012

Phoenix Real Estate Investment - Wholesale - Flip Properties - REOs - Short Sale

Hard Money Tips for Real Estate Investors in Phoenix

Hard money lenders always put premium on the property. They evaluate the feasibility of an investment with the market value of the asset being offered as collateral. Real estate investors in major state and international cities will probably have an easy time finding strong rationale for their loan applications. But with real estate properties in Phoenix, there are hurdles that an investor needs to face and overcome to succeed with hard money in Phoenix. What follows are a few of these challenges, followed by some pointers and insights for the real estate investor to consider:
· Geography
Phoenix's 475 sq. mi. land area is a patch in the northern part of the Sonoran Desert in Central Arizona. Unless property buyers have the propensity for arid sands, an investor in Arizona real estate will have to mine for other facets of the city's geography to create an attractive deal for hard money lenders.
Looking for interested buyers of the property prior to loan application is one way to go about it. With prospects already lined up, the property now becomes a quick sell in the mind of a smart private money lender. Commercial property investors can also focus on Phoenix being placed in the center of Arizona, which makes the city a strategic launching pad for market economy.
· Security
The city has a history of high rate of car theft, murder, and organized crime. Criminality, at one point, became a public safety issue for the Phoenix city government. This is a big stumbling block for real estate investors looking for hard money opportunities. Rather than hide this fact and appear dishonest, investors are advised to be transparent to lenders about it.
In doing so, however, it is important to establish how such data is related to the property, and to note of the significant drop in Phoenix's crime rate since 2008. The city's continuous reforms to improve public safety are information worth mentioning.
· Vulnerability
Phoenix suffered major economic setbacks during the 2007 financial crash. People buying properties that time dwindled to a few, while those still paying up mortgages stood to a default and foreclosed their properties. Even so, many residents in Phoenix could still afford to rent. This, then, has given rise to apartment rentals as opportunities for real estate investors.
Phoenix continues to show promising signs of growth in this arena, which has the potential of reviving the city's real estate market. Construction developments are canned in some of the Phoenix's urban villages, particularly in those close to Central City area, such as Encanto, Marydale, Estrella, South Mountain, Laveen, and Camelback East. Suburban growth is happening in Rio Vista, the newest to become a Phoenix urban village.
Welcoming the challenges mentioned above will make investors better at what they do. Selling a Phoenix property to hard money lenders entails describing a vision of success, which is grounded on present facts. When a private money lender sees the picture, sometimes it doesn't matter whether the property is in Phoenix or in the city adjacent to it. Welcoming the challenges mentioned above will make investors better at what they do. Investors who master the skills of jumping over these hurdles will thrive in the real estate market, regardless of where they are making their investments.
For more information regarding Hard money lenders in your area visit us and we will be glad to help you.
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Thursday, July 19, 2012

Phoenix Real Estate Investment - Wholesale - Flip Properties - REOs - Short Sale

Real Estate Investments: What To Do In These Tough Financial Times

With the crashing real estate market, there has never been a better time to buy. Interest rates on home loans remain very low, banks are flooded with foreclosed homes that they are trying to rid themselves of, and many people are just simply afraid to buy in case the market collapses even further. For those that have the stones and the cash, there has likely not been a better time in their lives to buy a home to live in or an investment property.
Interest rates on homes for properties in neighborhoods have been hovering at a very low level. When I purchased my town home last Spring, my banker was very excited to lock me in or five percent. He could not fathom that the interest rates would drop any further and wanted to lock me into, what he considered, a steal at five percent. What he didn't expect (and few did) was that over the next year, interest rates would fall by another half percent and hover between the four and a half and five and a half percentage. A friend of mine bought a townhouse in Tempe this Spring and got a lower interest rate than I did last year.
Banks are flooded with foreclosed homes that they are trying to rid themselves of. Drive through any Tempe neighborhood and you will see one or more foreclosed homes. During the housing bubble, many less than smart people purchased houses with the hope that the market would keep growing and they would get rich. People were purchasing homes well over their means, with the idea of refinancing on the increased value of their home and have some free cash. This strategy backfired as the home market regressed to sanity. When all of these people realized they were not going to get rich they stopped paying their mortgages and the bank got stuck with the homes.
Many people are afraid to buy in case the market collapses further. Folks often don't understand the concept that the time to buy is when everybody else is selling and the time to sell is when everybody else is buying. This is a simple concept and is also expressed with the concept of buy low sell high. Lots of people got burned by the crash of the housing market and are now afraid to jump back in. This gives the rest of us a great opportunity to buy homes that we can afford.
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Saturday, July 7, 2012

Phoenix Real Estate Investment - Wholesale - Flip Properties - REOs - Short Sale

With the Current Stock Market Malaise, Investment in Phoenix Real Estate Makes Even More Sense

Expert Author David Lorti
The Phoenix residential real estate market represents a great opportunity to individuals, families, and investors who are weary about the stock market and are realizing that their investment portfolios are too exposed to fluctuations in Wall Street. By now, the reality has sunk in with most people - the stock market's decline has hit 401K and other retirement investments hard. As a result, this is a critical time to for individuals, families, and investors to rethink diversification of their portfolios again. Portfolios need to be more highly diversified than ever before.
And it's time to rethink real estate as one component of your diversification in the future in addition to stocks, bonds, commodities, international investment, and low-risk savings instruments, to name a few.
Wall Street, Main Street, and My Street, and Real Estate
There is no doubt that the goings-on in the real estate industry are intermingled with the market challenges that Wall Street is facing, which in turn impacts Main Street and "My Street." But the issues with real estate largely emanated from the many corporations that make up Wall Street combined with lack of government oversight and inaction. Lack of personal discretion also contributed to the problem.
Having said that, here is why real estate should be a component in your investment portfolio once again, and why the Phoenix real estate market is an excellent choice for investment to help you diversify that portfolio.
First, due to the wave of foreclosure-related properties, prices have declined to 2004 and even 2003 pricing levels. This is pricing that is pre-run up. Though there is a risk that prices may drop further, the extent of a further decline may be limited in the short term while the long term outlook gradually gets stronger.
Second, real estate can prove to be a more reliable investment in a normal market environment. Prior to the run-up in home valuations in the second half of 2004 through 2005, annual home appreciation in the Phoenix residential real estate market averaged 5%-6% . Playing the long game as investors should, holding a property for 5-20 years could yield a solid return.
Long term is key here. The investor has to be committed to a lower but steady return on their investment when it comes to real estate. The Phoenix housing market will not likely experience a meteoric rise in valuations like it did again. That's not to say that there won't be some opportunities to turn properties fast (whether through acquisition at a foreclosure auction or wholesale, or a flip), but this model will have the high risk that most investors will and should shy away from.
One note here. At least in the Phoenix area, investors have to weigh the merits of investments in homes and real estate by several components to get a true picture of the return on a property. These factors are growth in appreciation, rental income and offsets, tax benefits, and equity paydown and buildup.
Third, real estate is real. You can see it. You can touch it. You can check up on it (if you buy locally). And it will always hold some intrinsic value no matter what happens. If you have a home in Chandler, it is easy to get across the Phoenix area, to check up on an investment property in Glendale. Or, perhaps the investment property you choose is right next door to your home in Tempe.
Fourth, under certain circumstances, real estate taxation on capital gains growth can be minimal. The same cannot be said of many other investment vehicles.
Fifth, an investor has much more control in determining the value of the property. Smart improvements and renovations combined with effective property management can increase the value of the property substantially.
Sixth, the Phoenix area continues to grow. The Valley saw a 2.8% increase in the number of residents here last year. This trend will continue as Phoenix and surrounding areas are perceived as a stable, optimum climate to live and to work. With the decline in real estate prices, this perception will also be reinforced by a sense that Phoenix and surrounding areas are once again affordable.
Finally, real estate can serve a dual investment/personal objective. For instance, an investment in real estate can serve as a later gift for children. Or, it can be utilized as a sort of savings plan for children's college tuition as a complement to 529s and Coverdell plans. The investment could be a retirement property for later in life. Real estate investments can also be used to create income streams to live off of (when rents and equity buildup eventually turn the property cash-flow positive).
There are numerous reasons to invest in real estate even beyond this list.
Real Estate Has A Role to Play in Your Investment Portfolio
The difficult truth about the stock market is that over the past eight years, the U.S. economy has seen two major disruptions or recessions that were severe enough to have rippling effects for all Americans as seen by the decline in 401K and other retirement savings values. As a result, further diversification of investment portfolios is needed across many different asset classes with a regional focus as well.
Real estate should be one of those classes. Given real estate has seen real substantial pricing declines over the last three years to levels seen before the run-up period, one has to consider that there are real deals in the marketplace for real estate. Coupled with the right long-term outlook and commitment to investment fundamentals, real estate can have a more effectual, countervailing purpose in investment portfolios that can help Americans better weather substantial market disruptions in the future. For investors looking for specific markets that may be worthwhile to investigate, real estate in the Phoenix area is a compelling choice.
About David Lorti
David Lorti is a professional Realtor for RE/MAX Elite in the Phoenix area and helps clients buy and sell homes. He holds a Master of International Management and Bachelor of Arts degrees and his insights have been quoted in several news outlets. He also holds a Certified Negotiation Expert (CNE) designation - one of only 1,600 Realtors nationwide. 
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Monday, June 25, 2012

Phoenix Real Estate Investment - Wholesale - Flip Properties - REOs - Short Sale

There's Never Been A Better Time To Buy A Home In Arizona

Expert Author Maureen Karpinski
Whether you're looking at Phoenix property bargain homes or Scottsdale real estate deals, your dollar will likely buy more house per square foot. So in the end, it's a win-win situation. You'll be able to find great deals in Phoenix, Glendale, Cave Creek, Scottsdale and other cities in Arizona. The homes you'll find will just call for a bit of maintenance but they'll be shockingly affordable.
Arizona is currently the fastest developing state in the United States, beating Nevada, which held the title for the past 19 years. Thus, there's never been a better time to make Arizona your next stop, whether if it's to invest, live or retire. You'll be able to find awesome Cave Creek and Scottsdale affordable prices, as well as a cheap Glendale property for sale. Wherever you are in Arizona, the present median home cost in the state is from $250,000 to $300,000, often with decent home square footage at around 1,000 to 1,500 sq. ft. Pre-owned homes may be sold at even more affordable rates.
While many people step away due to the current economy, now is in fact the best time to consider purchasing a home, particularly in Arizona. The real estate values in the area are almost the same as with the other places in the United States. Previously, most individuals have realized that there is a decline in the home values in some locations in the country. Unfortunately, because of the economic setup, careless financial performance coming from the government and centralized trade and industry processes have triggered distress for many workers. Thus, numerous homeowners have diverted to ARM's. The outcome has been a fluctuation of home values.
Today, the government has looked into these economic problems by supporting both lenders and the workers. This has resulted in an incredible rise in the number of buyers. So if you're considering buying a home in Arizona, then this is definitely good news for you.
1 Percent Down Opportunities
The current economic climate has left several individuals unable to put down enough money to buy a home for their family. However, there is now a program called the Arizona Home Buyer Solutions program that enables those who qualify to own their own home at last. At the same time, Phoenix real estate prices are at a low, so you might want to consider buying a home in that city and contact a Phoenix realtor.
There are companies are offering up to 2.5 percent as a gift for your down payment. Past programs usually had strict standards - you had to be a first-time home buyer, or could only buy single family units or homes that were foreclosed. Today, when you qualify, you won't have to pay the money back, which you obtained as a gift if you maintain the mortgage or property for a minimum of 5 months. You may be able to buy a home with just 1 percent down payment.
If you want to know more about this down payment assistance plan, contact your realtor. Generally, having an idea of the kind of property you want is essential. As you and your realtor start exploring homes in Arizona, make sure to record any features of particular interest about the property.
Maureen Karpinski
Find your Phoenix Arizona Property at Cactus Country Arizona Homes & Properties
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Thursday, June 14, 2012

Phoenix Real Estate Investment - Wholesale - Flip Properties - REOs - Short Sale

Investing in Distressed Metro Phoenix Real Estate - Single Family Homes Is The Way To Go!

Expert Author Ron Cuttler
There has been a recent shift in my thinking a few months ago on what form of real estate investors should now be purchasing in Phoenix Arizona. Up until Jan/Feb, I was a strong advocate for condos, town homes and other smaller attached homes because of the price-to-rent ratio. We were finding town homes priced around $35,000 in good condition that rent for between $650-$700 per month and produced 15-20% cash-on-cash returns. Then some of my clients led me around town looking for inexpensive single family homes and I was shocked at what I found.
I found single family homes that were priced at between $55,000 and $75,000 and were renting for $850-$1,000 per month!
You must be thinking, 'well...those must be older homes in terrible neighborhoods'. No! Not at all! These are homes in newer subdivisions that were built between 2002 and 2006. Three and four bedroom homes of 1,300-1,800 sq.ft. in decent, blue-collar areas with 2-car garages and nice, newer-style floor plans!
When you look at the price of these homes relative to the rent they generate, they produce almost as good positive cash flow as the condos and town homes partly because the HOA dues are typically much less on single family homes than on attached housing - $100-$150 per month less. That lower expense coupled with the higher rent is making the single family homes more attractive. And there are other reasons why I like single family homes over condos and town homes...
(1) At the present time, vacancy rates on single family homes is lower - in the 3-4% range. Why so low? Think of it this way. There are literally 10s of thousands of families and individuals losing their homes in the Phoenix Metroplex through foreclosure and short sale. Where are these people going to live? They cannot qualify for a mortgage to buy another home because their credit is destroyed and do you think someone living for years in a house wants to move into an apartment? Of course not! That is why there is such a current demand for rental housing right now and this trend should continue for at least 2 more years
(2) Rental rates are higher and increasing faster in single family homes. For similar reason as as what I stated above, there is such a demand for homes as rentals, the supply cannot keep up - even with all the Canadians buying homes as an investment! As a result, returns are very strong and will likely increase at a faster pace than apartments and attached housing.
(3) Liquidity is better with single family homes than with other forms of investment real estate. Although real estate has long been known to be a very illiquid form of investment compared to other types of investments, within the realm of real estate, single family homes is the most liquid type of option. the greatest demand for real estate is in housing. This is followed by condos and town homes (attached housing), followed by multifamily (apartments). After that comes land, retail, industrial and office investments (in no particular order). There are just more people looking to buy homes and have the ability to do so compared to these other forms of investments - even attached housing (because of its difficulty to obtain financing).
(4) Financability - Single family homes are the easiest form of real estate to finance. This also leads to its greater demand among buyers of all kinds.
Now don't get me wrong...attached housing is still an excellent investment, particularly if you have less money to invest. And there are still excellent opportunities in this market segment as well with excellent upside. But all things being equal, I would gravitate towards the single family homes as an investment first due to all the factors listed above.
So the next critical question is, 'where can I find these opportunities and which areas are the best to invest in?'
That's a GREAT question. There are MANY areas across the Metro Phoenix market where you can find these opportunities. Most are on the fringe areas but there are some areas closer into town. I tend to prefer area close to highways and employment centers as they will be easier to rent and will likely appreciate quicker due to their proximity to jobs, entertainment and other city-needed access. I know of some pockets of town that are ideal and fit this criteria but I can't share that info openly - especially on such a large forum as this! That information and knowledge is reserved especially for my clients so if you're interested in purchasing homes in great parts of Metro Phoenix for 65-75% off their market highs from 2006 that potentially generate 10-15% cash-on-cash returns, give me a call or check out my website for more information.
Take advantage of this once in a lifetime buyer's market while blood is still running in the streets!
Ron Cuttler
Prudential Arizona Properties