We Need Listings! #NotABubble

Come on already! Why are you hording your own house? Put it on the market already! Don't get cast in that hypothetical TV show, "House Horders"! (Is this a show already? I'm not sure. I would probably watch it.) Weather-wise, it's becoming an early spring, and it's the perfect time to begin selling your home! Yet as you can see by my trusty chart in my video, house inventory is as flat as a pancake. Everyone in the Milky Way is moving to Phoenix, and why wouldn't they move here? We have sunshine and happiness all year round. There's no digging yourself out of snow, mud, or other kind of natural disaster. (I can't guarantee you won't … [Read more...]

What’s the Easiest Way to Invest in Real Estate?

A friend of mine recently asked me about investing in a REIT, which is a Real Estate Investment Trust. There's been a lot of them poppin' up over the last 15 to 20 years - especially online. This particular one that she was looking at had $1,000 minimum. My friend asked, "I don't have the $1,000 now, but if I did is this a good idea?" The online REIT that she's looking at is so super-hipster right now too (because my friend who asked is also a hipster). The site talks about crowd-sourcing and how you can become a real estate mogul just like everyone else! It's real sexy, amazing, gnarly, yadda yadda yadda. A lot of REITs invest in … [Read more...]

Buying Real Estate the Smart Way in a Tight Economy

Ok, so as mentioned in my previous blog, we are due for another recession. Every 5 years, a recession occurs. We haven't had a recession in 7.5 years. Yikes! So it's time to tighten up the proverbial expenditure belt. And you might be thinking, "Well, crud, I wanted to finally buy a house this year!" NEWS FLASH: The #1 reason to buy a house is NOT, "Oh, it's not a recession right now -- Let's buy a house!" There are actually some very good reasons to buy a house right now. Reason #1 Interest rates are still really, really low. Even in the fours, they're still historically low. I mean, they may not be this low again when they … [Read more...]

Happy New Year 2017 – Looking Ahead in Phoenix Real Estate

We have spent 7.5 years in an awesome growth period as a country. On the flip side, this makes us well overdue for a little recession. That's pretty amazing though - considering we've come a long way from foreclosure and losing our homes back in 2008. The interesting thing about being overdue for a recession is this: It's kind of like being overdue for a major earthquake in Los Angeles - except a tiny recession is much more likely to happen yet won't leave your life in shambles. This mini-recession will not be anywhere near as bad as 2008. We won't have to rebuild an entire city, or country, for that matter.   Here are … [Read more...]

HUD Homes – $100 Down Payment, Oh Yes!

A low down payment opportunity that has been flying under the radar lately is the growing inventory of HUD homes. Owner occupants can, in most cases, purchase homes for only $100 down and HUD will help out with closing costs. One of the few low down payment programs available close in and a nice alternative to USDA financing. Although HUD properties might have the reputation of being in very poor condition, many are actually very nice homes. And, the HUD sets up the bidding, owner-occupants have certain advantages over investor buyers. … [Read more...]

Cash Flow for a Turn-key Rental – Real Estate Investing By the Book

Analyzing cash flow is one of the most basic steps in evaluating a possible investment property. Today’s lesson is from Gary Keller’s book “Millionaire Real Estate Investor”. It shows how to determine the cash flow for a turn key condo property to see if it’s a positive (makes money!) or negative (costs money) opportunity. Real Estate By the Book - looking at real life examples of basic real estate investment skills & strategies according to some of the top real estate investment authors. … [Read more...]