There are a few key property profiles that bring in the big guns… and the big BUCKS.  People look for homes in areas with certain features that they value.  Now, you as the real estate investor in search of fix-and-flip or buy-and-hold properties want to find the best deals in those areas.  When you purchase an investment home in a hot area, whether you intend to hold and rent the property or fix it up and sell it, you will attract the best tenants or command the highest price at resale.

So what do people look for?  Well, let’s start with school district.

Let’s say you’re looking for an investment property with the intention of holding it for a few years and renting.  You want great tenants.  You NEED great tenants.  Great tenants are often families in search of the best school system for their children.  (Hint:  THAT is a great tenant profile!)  So, let’s take a look at one of the hottest, most in-demand school systems in the Phoenix area:  the Madison School District.

Located between 32^nd Street and 7^th Avenue, Northern Avenue and Indian School Road, this is one of the most in-demand school districts in the state.  The Madison School District was founded in 1890 and many of Arizona’s most famous sons and daughters were educated there.  Homes located here range from historic to new, in a variety of sizes, styles, and price ranges.  The area is famous for its large green trees and expansive lawns.

Because there is such a wide range of price ranges in this area, the real estate investor will find something no matter what the desired price range.  Rents are 20%-30% higher than many other areas for comparable properties and the tenant profile is correspondingly more desirable.  Cap rates are extremely high in this area as is the potential for appreciation.

Looking for the hottest area in Phoenix to purchase rental property?  Contact us for a list of what’s available in the Madison School District and a rental analysis.  You’ll have the jump on the rest of investors who haven’t yet discovered this secret!

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NOTE:  We pride ourselves on bringing you the most informative, up-to-date, and accurate information possible about the often-confusing world of real estate investing.  Nothing we post however is intended to be taken as investment, real estate, or legal advice.  You should always contact a licensed investment, real estate, or legal professional for information and advice about your own unique investment scenarios.

Artisan Real Estate Group is one of the top boutique real estate firms in Arizona.  We provide an end-to-end suite of services to our investor clients, including a full range of residential and commercial real estate services, income property location service, investor services, property remodeling, restoration, and rehabilitation, real estate finance consultation, REO and bank-owned property services, trustee sale consultation and bidding representation, and new home builder services.  Our international team specializes in helping investors from all over the world with their Arizona real estate transactions.  Our goal is to find the best properties with the highest cap rate and ROI for our investor clients.  Contact us today to find out how we can help you grow your personal wealth and investment portfolio.  Artisan Real Estate Group, http://www.artisanrealestategroup.com/  or call us at (602)644-1280.  Email: info@artisanrealestategroup.com

Builders, mortgage analysts and economists say in a survey being released today that the poor economy will continue to hurt housing prices, the Wall Street Journal is reporting.

The Journal reports the economy’s impact on housing will be felt for years. Home prices are anticipated to drop 2.5 percent this year, according to the Journal, and rise 1.1 percent through 2015.

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An agreement for the Arizona Association of Realtors and its member groups to buy the Arizona Regional Multiple Listing Service, (ARMLS) is on hold. The deal would have given Arizona the largest statewideMLS in the country. But after a year of research and surveys to members to see how it could work, the Southeast Valley Realtors Association voted against it.
ARMLS CEO Bob Bemis said a similar plan was voted down before, but there are many supporters of a statewideMLS in Arizona so discussions continue about creating one.
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Many Maricopa County homeowners were pleased to recently see a small drop their property taxes since their home values have plummeted during the past five years. However, not all homeowners were happy.
An Arizona Republic story that ran Aug. 30th reported metro Phoenix homeowners could expect to see their tax bills fall an average of $60 from last year. Homeowners were asked to contact us if they saw their tax bills drop more than expected or climb significantly. Most homeowners we have heard from have seen their property tax bills shoot up and don’t understand why.
Arizona has one of the …

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It could be the heat or the economy, but August wasn’t a great month for metro Phoenix’s housing market.
After a few months of record sales, small price increases and drops in foreclosures, many of those key market indicators reversed their course last month.
Lenders started foreclosure proceedings on a 1,000 more homeowners in August than it did in July. There were 5,105 notices of trustee sales filed in Maricopa County last month, compared to 4,015 in July, according to the Information Market.
Foreclosures, or trustee sales, were up as well but not by as much. There were 3,400 trustee sales, or foreclosures …

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Recent reports say foreclosures are declining in metro Phoenix and large numbers of homes are selling.
But many homeowners feel trapped in houses they can’t sell.
Some real-estate agents can’t find enough new listings to keep up with demand from buyers.

But others say there aren’t enough buyers, and homes are selling too slowly.
The housing market in metro Phoenix may never have been as confusing as it is today.
Nearly five years after the beginning of the housing crash, the region’s market has fractured into countless different niches.
Each niche is defined by who’s selling, what kind of home is for sale and where the …

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Arizona dropped of the top 5 list of state’s with the highest number of foreclosures.
New data from the Mortgage Bankers Association show’s Florida is no.1 with 14.4 percent of all foreclosures. Nevada is no. 2 with 8.2 percent. Then comes New Jersey, Illinois. <Maine and New York are tied for the fifth highest rate of foreclosures.
Foreclosures have been dropping in metro Phoenix during the past several months.
  …

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