Saturday, April 11, 2009

Investment Homes are flying off the shelves in Arizona.

Arizona Property Management and Investments
AzEzRentals.com April 11, 2009
Investment Homes are flying off the shelves in Arizona.
Lead Investment Advisor: Payam Raouf

This is the best market we have seen since the middle of 2006. Multiple offers 10 to 20 percent over the banks asking prices are being turned down! Bad inventory is gone. Good stuff is flying off the shelves. According to MLS, SFR for sale is down 25% since last year in April from 54000 units to 34000.

We dominate Phoenix metro real estate investment opportunity (REO) market. We have investors from all around the world, Canada, England, Germany, Italy, France, Spain, Belgium, China, Hong Kong and Japan.

Recently we are noticing a large number of investors are also coming from Hollywood and South Orange County in California, Seattle Washington, Boston, Massachuset, Rhode Island, New York, Minnesota, Ohio and Virginia.

These are not your 2005-07 speculators. They know the game, know what they want and they already have a large portfolio of residential investment properties across the country.

What are they buying?
http://azezrentals.com/investmenthomes.htm

SFR 2000 sq ft and up, 4 bed, 3 bath, 2000 and newer in certain pockets of new home developments.

Where are they buying?

The school is moving from the west to the east side of the valley as the inventory is diminishing and prices increasing in the west.

What price range?

$70,000 to $120,000, cash flows well, 6% to 8% net.

How long is the hold?

Between 3 to 5 years. They hope to triple their investment portfolio value.

How do they pay for it?

Mostly cash.

Who is leasing and managing it for them?

We do. We are a full service Property Management company with the most advanced computerized system and well trained and experienced staff. 3 regions, 7 districts valleywide.

Please visit us at: www.azezrentals.com or call us toll free 888-777-6664 for more information.

Lead investment advisor: Payam Raouf 623-435-6633 ext: 110