Two things historically hold true with regards to investment dollars floating around Arizona. In the best of times, investors jump full force on the real estate investment bandwagon - lately financing all things from neighborhoods in far-flung towns and cities to appealing urban condos in down-town Tempe and Phoenix.
In the hardest of times, investors also move toward real estate, looking for bargain buys on foreclosed properties and industrial properties as they bank on people growth to aid Arizona's economy rebound.
Stan Barnes, CEO of Copper State Consulting in Phoenix and a previous state lawmaker, said individuals with founded money in the Valley still feel more at ease investing in real estate property advancements - even after market collapses like the current one - rather than taking chances on startups or enterprisers.
Many people in California run after new high-tech companies. Men and women Texas drill for oil. People today Arizona invest in real estate property. That's just the way it's, and likely would be so long as we're the fastest-developing state in the union," claimed Barnes, whose business does political and marketing communications consulting intended for private-sector consumers.
In a lot of parts in Arizona, specifically the Phoenix Metropolitan, there is a lack of conventional sales. As much as 75 percent of the market may include short sales and house foreclosures, restraining the alternatives of numerous purchasers. Arizona Investors aiming to flip see fantastic opportunity in rehabbing and marketing homes to these purchasers, eliminating the wait time of short sales, or the difficulties bank-owned houses may come with.
Arizona property investors are also discovering the opportunity in holding real estate long term, as both rates have come down and in many areas rental rates are increasing. We've likely never witnessed a better time to invest in real estate property as we do in 2010, as property income and return on your investment are the best they have been in over the decade.
In the hardest of times, investors also move toward real estate, looking for bargain buys on foreclosed properties and industrial properties as they bank on people growth to aid Arizona's economy rebound.
Stan Barnes, CEO of Copper State Consulting in Phoenix and a previous state lawmaker, said individuals with founded money in the Valley still feel more at ease investing in real estate property advancements - even after market collapses like the current one - rather than taking chances on startups or enterprisers.
Many people in California run after new high-tech companies. Men and women Texas drill for oil. People today Arizona invest in real estate property. That's just the way it's, and likely would be so long as we're the fastest-developing state in the union," claimed Barnes, whose business does political and marketing communications consulting intended for private-sector consumers.
In a lot of parts in Arizona, specifically the Phoenix Metropolitan, there is a lack of conventional sales. As much as 75 percent of the market may include short sales and house foreclosures, restraining the alternatives of numerous purchasers. Arizona Investors aiming to flip see fantastic opportunity in rehabbing and marketing homes to these purchasers, eliminating the wait time of short sales, or the difficulties bank-owned houses may come with.
Arizona property investors are also discovering the opportunity in holding real estate long term, as both rates have come down and in many areas rental rates are increasing. We've likely never witnessed a better time to invest in real estate property as we do in 2010, as property income and return on your investment are the best they have been in over the decade.
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