Archive for the ‘buying a home’ Category

Investing Arizona

Friday, February 22nd, 2008

Two years ago you couldn’t go wrong !  That is what most people thought. Now that the market has crashed a lot of want to be investors have lost their shirts or are losing them. Being in the Real Estate field has helped me scratch my way up little by little. When you start with nothing is when you call it scratching.

The smartest investors are the ones that listen and act on good advice. You must also be able to carry your investments. Unless the market is on fire and you are in the up swing, should you take a risk without the were-withal to carry the investment for awhile.

My highest earning client started with 150K land investment, a 25% down-payment. Taking my advice rolled in and out of properties for three years. He now is holding properties valued at over  3.5 million. We sold enough to purchase others and hold the balance.   He listened and acted on the right suggestions.

When your a scratcher, like myself you need good ideas. Then you need a good client that will give you time to share with them your knowledge. If they trust you and act, not only will they benefit greatly. You will compile a little more for your self.

Lots of investors are out buying houses that have come up for auction or have dramatically dropped in value. With tenants the holding cost are easier to handle. You just have to become a landlord. Houses will rebound, but I believe at a slower pace. Probably 2% per year. This is what it has been historically.

I have never been a huge fan of auctions due to the following reasons. The auctions have a reserve just like on eBay. So if you win the auction and your bid is lower than the reserve you have to match it. There is also a fee usually 5% for the auction house. Then on top of that. Most of the homes are in less that top condition. This means repair cost to bring the property up to rent-able condition. After you add up the total cost you could have hooked up with a licensed Real Estate Agent. Who knows how to find great properties in good condition for the same price if not less.

This  follows the same rules mentioned above. You don’t need to beat the bushes looking for that steal. Their are professionals that can lead you to the right properties. With  good common sense you can analyze what they have to share with you. Act and you will benefit!

Valley of the Sun

Monday, September 24th, 2007

A little geography is all you need to know ! I am guessing Phoenix Metro is approximately 60 miles east to west, and 50 miles north to south. That’s Big !

Working clockwise from north, Phoenix is surrounded by mountains. The Bradshaws, New River Mnts, Continentals, The McDowels, The Mazatals, The Supperstitions, The Santans, South Mountain, Estrellas, and the White Tanks. This is of course were the term Valley of the Sun arose from.

Years past the valley floor was lush sonoran desert. This gave way to farming, then city sprawl. There are bedroom communities or suburbs of Phoenix from one end to the other. Expansion is never ending. Most of the communities have spread out over existing farm land, that is flat and makes for easy development. A few touch on the edges of the surrounding mountains that give way to elevation changes. This elevation change results in lower density housing. Most of these rural areas use to be considered living in the country. Horses and chickens and laid back living.

As time passes the cities continue to expand, and now the rural areas if not surrounded by growth are backed into pocket areas mainly due to the mountain terrain.

Lower density, mostly acre lots, lush sonoran desert, and beautiful views. This adds up to some very nice Real Estate. The cities have brought with them, shopping, banking, schools and entertainment. The rural country now has the best of both worlds.

I have my favorite, North Scottsdale, Carefree, Cave Creek, Desert Hills and New River. They are listed in order of cost to live. I love them all, and my modest abode is located in New River.

The above locations are on my favorites list due not only to the 1,000 ft. higher elevation change, from the Valley of the Sun. But because the areas are tucked in amongst the northern mountains.

Cool nights, Lots of Stars, Mountain Views, lush Sonoran Desert, Yep, Paradise !

It ain’t all work, Jerry

Owner of: www.officeopen.com

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If you are interested in finding your piece of paradise visit some of my listings.

Welcome To Jerrys’ World !!

Thursday, September 20th, 2007

My Daughter in-law recently set me up this Blog due to my interest in Blogging. Been floating here in cyberspace probably about two weeks. Went to a Blog seminar and was impressed at the net working possibilities and thought I would give it a try.

Been working on a web page and found it to be a little work to get up and running. Even though the Internet access to set up the sites are amazing!

My business is Real Estate and Contracting. Been wanting to tie them both together for years. I have tried many angels to do that and have lots of experience. I will share this in my first Blog attack : Investing takes money, credit, and financing. If your missing any one of the above you better be looking for a partner.

Arizona has been my home 30 years! I love this place. I have lots to share about the State and will be doing so frequently. Just moved a little over two years ago into what some people would call the county. YeeHa-Yahoo. Not me, I call it Paradise ! Will tell you a lot more later.

My web will be some how linked to this site eventually and you will be able to search and read about the reasons people move to the middle of the desert and love it. Planning on playing forward every thing that I can. Going to keep this first Blog short and want to thank Miss Talina for all her help!! Talina has an e-gift company and I highly recommend you check it out at: http://www.craftedcustomgifts.com/

It Ain’t All Work, Jerry

Owner of: www.officeopen.com