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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.
Naperville Real Estate Specific links
Naperville Real Estate News
Former Chiquita building sells for $1.5 million - Gulf Coast Business Review
Former Chiquita building sells for $1.5 million Gulf Coast Business Review William Blalock of Wyman, Green & Blalock Real Estate Inc. represented the seller and Bob Kolton of Michael Saunders & Co. represented the buyer. Veethree Electronics & Marine declined to comment on the purchase. The Illinois-based firm purchased the ... |
Scott Wehrli pioneers a new generation of banking - Chicago Daily Herald
Scott Wehrli pioneers a new generation of banking Chicago Daily Herald By Anna Marie Kukec Scott Wehrli's family was among the pioneers of Naperville. So that initiative was in his blood when he decided to be among the first investors to establish the First Community Bank — Naperville in 2008. Since the bank has outgrown ... |
Inland Real Estate Brokerage & Auctions, Inc. Announces Auction Of Properties ... - MarketWatch (press release)
Inland Real Estate Brokerage & Auctions, Inc. Announces Auction Of Properties ... MarketWatch (press release) Among the properties set to be sold are a residential development sites in Evanston, Ill., a restaurant property in Villa Park, Ill. and a multi-tenant light industrial property in Naperville, Ill. "This auction event reflects the increased activity ... |
Councilman seeks tougher maintenance rules for foreclosures - TribLocal
Councilman seeks tougher maintenance rules for foreclosures TribLocal The city does not keep track of the number of foreclosures, but Councilman Doug Krause, a real estate agent, said he believes there are about 2000 such properties in Naperville ranging from condos to single-family homes. City codes currently restrict ... |
RE/MAX Names Northern Illinois Residential Top 20 for 2011: Chicago Real ... - PR.com (press release)
RE/MAX Names Northern Illinois Residential Top 20 for 2011: Chicago Real ... PR.com (press release) The RE/MAX Northern Illinois real estate network recently honored its associates whose 2011 residential sales achievements earned them coveted spots in the year-end Residential Top 20. Chicago, IL, May 24, 2012 --(PR.com)-- The RE/MAX Northern Illinois ... |