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Arizona Real Estate Article
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Arizona Real Estate
from:Arizona is a popular destination get-a-way, especially for senior citizens making the purchase of Arizona real estate an investment opportunity waiting to be pursued. With the history, the numerous attractions and the great climate, investing in real estate in Arizona is an opportunity not to be passed up. Rather you invest in commercial buildings, an apartment complex or trailer park or single family dwellings there is sure to be something to help diversify your portfolio and meet your needs.
Finding a good real estate agent
The first step will be to find an Arizona real estate agent. Look for a local real estate agent where you are now if you do not live in the area you wish to invest in and ask them if they know anyone in that area. If that fails, contact the better business bureau or the local convention and visitors bureau. They may be able to guide you. Once you have located a real estate agent take the time to meet them in person. Don’t be afraid to ask for references and if you are considering purchasing a foreclosure ask what kind of experience they have in dealing with these types of purchases. If you do not like the answers you receive or are in any way uncomfortable, keep looking. Finding the right real estate agent to help you purchase Arizona real estate is essential especially if you do not live in the town you are buying real estate in. You will need the agent you choose to be honest and trustworthy.
Learn these real estate investment strategies
Before you begin investing in Arizona real estate learn the various investment strategies that are commonly used. There are three investment strategies that are based on facts and generally have great results. The bargain purchase method is the first option. Investors who use the bargain purchase method when choosing a property pay twenty percent less than market value for the property. This allows them to make up to a twenty percent profit using this real estate investing strategy and is a great strategy to use when purchasing foreclosures. The second strategy is known as the increase value strategy. Using this strategy the building would be purchased at current market value. There must be some improvements that could be done within a six month time period that would increase the value of the building by twenty percent for this strategy to be successful. Finally, many real estate investors use the double digit cap rate. The double digit cap rate strategy is used for buildings that have a capitalization rate of ten percent or more. A capitalization rate is the net operating income from the property which is then divided by the purchase price. These are harder to find unless the market is depressed or you are looking into small market niches. Purchasing Arizona real estate is really not any different than purchasing real estate in your own hometown once you find the right real estate agent to work with.
Arizona Real Estate News
M&I Hires Veteran to Lead KC Commercial Real Estate Team
LEAWOOD, Kan., May 21, 2012 /PRNewswire/ -- Ty Garver has been hired by M&I, a part of BMO Financial Group, as Director, Commercial Real Estate for Kansas City. In his role, Garver oversees sales and relationship ...
Read more...4 Family Dollar properties sold
An Arizona-based real estate investment firm recently bought four Volusia County properties and buildings that house Family Dollar discount retail stores for $6.43 million.
Read more...Hispanic Real Estate Leaders Call on Arizona Governor Brewer to Use Settlement Funds to Aid State's Ailing Housing ...
PHOENIX, May 9, 2012 /PRNewswire-USNewswire/ -- The National Association of Hispanic Real Estate Professionals, Arizona Chapter (NAHREP-AZ), a non-profit 501c6 trade association, is calling on Arizona Governor Jan Brewer to use 100 percent of the funds awarded from the mortgage servicing settlement from the five largest mortgage servicers to help the state's ailing housing market. Hispanic real ...
Read more...Arizona leaps in commercial real-estate spending
Spending on commercial real-estate development and construction in Arizona rebounded along with similar spending nationwide in 2011, an industry group reported.
Read more...Arizona Traditions Home Listings Now Available via LREP Mobile and MyAzHomeSales.com
Luxury Real Estate Partners today announced a partnership with Smarter Agent to provide Arizona Traditions Home listings on smart phones and tablets.Phoenix, Arizona (PRWEB) May 01, 2012 Arizona Traditions Home Listings Now Available via LREP Mobile and MyAzHomeSales.comLuxury Real Estate Partners today announced a partnership with Smarter Agent to provide Arizona Traditions Home listings on ...
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