Buy-and-Hold investors are dominating the market in Arizona snapping up income properties at a dizzying pace!
As the housing market continues to force homeowners into rentals, more investors are taking advantage of the surplus of deeply discounted distressed homes in Arizona. Most of the investors we’re seeing lately are international cash buyers making bank on Arizona rental properties.
Investors looking to capitalize on the residential market call Artisan Real Estate Group because we are specialists in investment properties! The rates of return our clients are now earning is impressive; as home values are hitting historic lows…rental income is reaching historic highs.
Snatching up these highly discounted homes at trustee sales before these homes go back to the banks is key to buying positive cash-flow investments. To help you get there…
We provide multiple market value assessments including a tax records value and 2 MLS comparison values based on a cost & square foot approach. Our proprietary database of foreclosure properties provides easy to read “quick view” profit margins based on the opening bid values and averages of the comparison values so you can make instantaneous decisions about which properties you wish to purchase.
Achieving a reliable and steadily increasing income for our buy-and-hold investors is our focus. We provide our clients with the most comprehensive trustee sale list available to investors in the state of Arizona.
Our comprehensive approach and attention to detail is what our investors love about our Artisan Real Estate Group…and what keeps them coming back!
Investors are flipping homes in Arizona for big profits!
Even though home prices are down more than a third from their peak, according to the National Association of Realtors, many investors are making big profits!
In recent months, our team has helped investors make anywhere from 12% to 24% and more in profits on many Arizona homes picked up at Maricopa County foreclosure auctions (see our recent profit examples here). With our full service trustee sale acquisition services, rehab services, and 15 years experience in helping investors choose the best deals at auction…AREG makes the buy-and-flip process a lot less difficult to execute.
Properties are selling in many areas of the Valley at deep discounts of $60,000 to $80,000 on homes that once sold for $200,000 plus. Many of these distressed homes are in desperate need of rehab before they can be flipped but with modest fix-up costs ranging $10,000 to $15,000 our investors are making gross margins of 35% or higher and making bank on the sale.
Looking For Luxury In Chandler?
Many areas in Arizona are still showing signs of growth both commercially and residentially. Nearly 18 acres of land was acquired for the grand price of $3.5 million by Investment Property Associates in Chandler. The property lies at the intersection of Queen Creek Road and Arizona Avenue on the southwest corner. Together with P.B. Bell Companies, the intention of this purchase is to create a community of one, two and three-bedroom luxury apartments. These luxury “mini-homes” would range from 727 to 1,258 square feet.
Among the amenities would be features such as covered parking, detached garages, a putting green, resort-like pools and spas, an exercise facility, a clubhouse with a theater room, and picnicking areas with gas barbeque grills for the tenants. Also included as part of the total 50-acre development are commercial office and retail spaces as well as hotels and lots of other services. It sounds to me that if you’re looking for all the comforts of home, with none of the headaches of maintenance, this could be for you!
Source: http://www.eastvalleytribune.com/money/article_470e03b0-6abe-11e0-8021-001cc4c03286.html
A New Bill Concerning REOs And Retirement Penalties
The Housing Recovery Act of 2011 was introduced to the House of Representatives by Bill Posey (R-FL) . In essence, what the bill proposes is that people would have the ability to use qualified retirement plans to purchase a home that has been in the foreclosure process for over a year without paying early distribution penalties. While it may not be a total fix for the current housing situation, at least it’s a step in the right direction by trying to help.
What they are trying to stifle is investors who want to just “flip” homes. The encouragement within this bill is for owner-occupants and second-home buyers to create stability within neighborhoods, rather than the high turn overs (Remember the days when people actually knew who their neighbors were?).
On qualified homes (in foreclosure for a year or more), the buyer would have to use the funds from their Roth IRA, 401(k) or pension plan within 120 days of receiving them by purchasing a home. As the bill is in its early stages, no one quite knows when that qualifying “year” begins on any given home.
Whether Posey’s bill is “the answer” or not remains to be seen, but it appears his heart is in the right place (yes, I said it…a politician with heart). One thing is for certain, since lenders are requiring so much cash down prior to making a purchase these days, at least this bill should loosen up some funds for folks that have been wanting that second home and were previously unable to do so.
For more about buying REO’s and Foreclosure properties, please feel free to contact us or visit our main website at ArtisanRealEstateGroup.com
Test Your Short Sale Knowledge!
If you’re a home-owner thinking about selling your home through a short sale, take a moment to educate yourself on what this really means and what the requirements may be for your situation.
1. Have you really assessed your situation (as no two are exactly the same) to see whether or not your lender will endorse a short sale?
2. When someone makes you an offer, there are important protections to look for before you accept it. Do you know what they are?
3. Did you know that just because a lender endorses your short sale, that it does not automatically free you from the accountability or the debt?
4. Do you know what your options are if you are not happy with your bank’s terms for the short sale?
5. If your lender doesn’t approve of a short sale in your case, do you know what other options may be available to you?
These are just a few of the areas in which a person looking to do a short sale on their home needs to be educated. The process can be frustrating, but the key to coming out ahead is learning about it completely before making the right decision that will suit you best.
Read more: http://www.keytlaw.com/blog/2011/04/ten-questions-to-test-your-short-sale-legal-knowledge/
Using IRA’s to buy Real Estate
Were you aware that Americans are able to use their IRA assets to purchase investment properties? It’s called a self-directed IRA, and with the low prices of foreclosed homes that are currently on the market, there’s no time like the present to invest!
While there is no real way to tell if the market has hit rock bottom, it does seem that there has been a shift in today’s market where less people are walking away from their homes. This means that the window of opportunity for picking up investments for bottom-dollar may be closing!
The nice part about using your IRA asset is that you’re able to put more down and therefore lenders are more willing to work with you. Not only that, but if you buy a property at a very discounted price with the intention of leasing it out, that property has the ability to bring in an annual income of 10%! This is a great way for retirees on a fixed income whose investments may not be yielding the greatest returns at this time! Continue reading
Contact Us Today
(480) 560-5757
www.ArtisanRealEstateGroup.com
Robert Jeffrey, Designated Broker
6245 N. 24th Parkway
Suite 207
Phoenix, AZ 85016
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Together we help make certain you're bidding on a 1st lien hold position and you receive a Fully-Cleared Title Search within 12 hours. |
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