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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.
Scottsdale Real Estate Specific links
Scottsdale Real Estate News
TIAA-CREF Refinances 3,600 Units for $273M
LOS ANGELES-TIAA-CREF Global Real Estate has refinanced a portfolio of 10 stabilized class A multifamily properties comprising 3,500 units in five states for $273 million via loans that were arranged by the Capital Markets Division at CB Richard Ellis Group.
Read more...Property Preservation Specialist, Frank Patrick, Discusses Fannie Maes Need For More REO Agents
Scottsdale, Ariz. September 8, 2010 Frank Patrick, foreclosure trash-out and reo specialist, recently wrote an article discussing how the REO home inventory is outstripping the current REO broker network. During the recent National Association of Real Estate Brokers NAREB conference, Fannie Mae executives revealed that, in many areas, they have too much REO inventory and too few REO brokers...
Read more...Tucson real estate
SALES
Read more...Glimcher buys land for Arizona project for $120M
Retail property owner Glimcher Realty Trust said Wednesday it is buying land for the Scottsdale Quarter development project in Arizona from its joint venture partner for $120 million.
Read more...Healthcare Trust of America, Inc. Obtains Remaining Commitments on $200 Million Credit Facility From Wells Fargo and ...
Healthcare Trust of America, Inc. , a self-managed, non-traded, real estate investment trust, announced today that Wells Fargo and Deutsche Bank have committed to and will serve as Joint Lead Arrangers and Joint Bookrunners for the Company's $200 million unsecured revolving credit facility.Â
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