No RENTS for the Weary

Are you having trouble finding a rental property in Phoenix right now? Well, you are not alone. Our rental inventory is a fraction of what it was a few years ago. Just to out things in perspective, in 2008,there were roughly 10,000 properties listed for rent in Metro Phoenix. Right now, there are less than 2200 homes or rent, listed on the MLS. And I mean in all of Metro Phoenix, meaning Phoenix and its suburbs.   That figure does not include vacation homes, but good luck there where rents are significantly higher than market rents, due to the furnished and short term nature of these leases. And keep in mind that there were a lot less people … [Read more...]

Phoenix Real Estate Investing – It Ain’t Rocket Science!

Fix and flips? Rental properties? Everybody dreams of success in real estate investing, right? But where to start?? It really boils down to three easy steps: 1. Plan your strategy - are you setting long term or short term goals? For long term goals you are looking for buy and hold opportunities - rental properties. For short term plans, you will be buying property then re-selling it right away. You need to know which way you are heading to you can develop a successful strategy. 2. Know your numbers - Depending on your strategy, you can use some simple rules to determine which properties are the best candidates. For fix and flips, yoiu will … [Read more...]