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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.
Real Estate Mortgage News
Real estate industry pushes Senate on refi bill - MarketWatch
Real estate industry pushes Senate on refi bill MarketWatch By Mara Grbenick of Medill News Service WASHINGTON (MarketWatch) — Real estate and mortgage industry leaders urged a Senate committee on Thursday to back a plan that would lower interest rates for homeowners with government-owned mortgages. |
Ask a real estate pro: Mortgage settlement prompting banks to make deals - Sun-Sentinel (blog)
 Sun-Sentinel (blog) | Ask a real estate pro: Mortgage settlement prompting banks to make deals Sun-Sentinel (blog) By Paul Owers May 25, 2012 07:45 AM Q: I know some of the major lenders signed a $25 billion mortgage settlement earlier this year. What happens to the rest of the homeowners whose lenders aren't part of the agreement? Are we left out? |
Real Estate and Mortgage Market Update for Thursday 05-24-2012 - Examiner.com
Real Estate and Mortgage Market Update for Thursday 05-24-2012 Examiner.com The bond market is currently down 11/32, which should cause this morning's mortgage rates to rise by approximately .250 of a discount point. Part of that increase is a result of bonds losing ground yesterday as stocks rallied late in the day. |
Speeding Up Short Sales - New York Times
 International Business Times | Speeding Up Short Sales New York Times (In a short sale, a lender agrees to accept less than the balance on a mortgage.) Fannie and Freddie must also respond to initial requests for a short sale within 30 days of receiving the buyer's submission. “Short sales are huge right now,” said Peter ... Mortgage Rates for 30-Year US Loans Fall to a Record-Low 3.78% Are Record-Low Mortgage Rates Hurting The US Housing Market? Realtors(R) Offer Support for Bill to Help Responsible Homeowners Refinance |
24 Top Mortgage Originators Earn the Prestigious Certified Distressed Property ... - San Francisco Chronicle (press release)
24 Top Mortgage Originators Earn the Prestigious Certified Distressed Property ... San Francisco Chronicle (press release) Real Estate and Distressed Market Commentary and Statistics 2. Understanding the Anatomy of the Short Sale from the Realtor and Buyers Perspective 3. The Proper Short Sale Submission Procedures 4. The Mortgage Originators Role in the Short Sale Process ... |