Two points traditionally hold true in terms of investment dollars going around Arizona. In the best of moments, investors go full force on the real estate property bandwagon - recently funding everything from subdivisions in far-flung cities and towns to eye-catching urban condominiums in downtown Phoenix and Tempe.
In the worst of times, buyers also gravitate toward real estate property, searching for bargain buys on foreclosed homes and industrial properties as they bank on population increase to help Arizona's economic system rebound.
Stan Barnes, boss of Copper State Consulting in Phoenix and a former state lawmaker, said individuals with founded profit in the Valley still feel more comfortable investing in real estate property advancements - even after market breaks just like the recent one - rather than taking chances on startups or entrepreneurs.
Individuals in California run after new high-tech firms. Men and women Texas drill for oil. People today Arizona buy real estate. That is just the way it is, and likely would be so long as we are the fastest-improving state in the union," claimed Barnes, whose business does political and marketing communications consulting for private-sector customers.
In a lot of places in Arizona, especially the Phoenix Metropolitan, there's too little conventional sales. As much as 75 percent of the market may consist of short sales and foreclosures, restraining the choices of numerous buyers. Arizona Investors looking to flip see good opportunity in rehabbing and selling properties to these customers, eliminating the wait time of short sales, or the issues bank-owned properties may come with.
Arizona property investors are also seeing the chance in holding real estate property long term, as both rates have come down and in many places rental rates are up. We have most likely never witnessed a better time to invest in real estate as we do in 2010, as real estate property income and return on investment are the best they've been in more than a decade.
In the worst of times, buyers also gravitate toward real estate property, searching for bargain buys on foreclosed homes and industrial properties as they bank on population increase to help Arizona's economic system rebound.
Stan Barnes, boss of Copper State Consulting in Phoenix and a former state lawmaker, said individuals with founded profit in the Valley still feel more comfortable investing in real estate property advancements - even after market breaks just like the recent one - rather than taking chances on startups or entrepreneurs.
Individuals in California run after new high-tech firms. Men and women Texas drill for oil. People today Arizona buy real estate. That is just the way it is, and likely would be so long as we are the fastest-improving state in the union," claimed Barnes, whose business does political and marketing communications consulting for private-sector customers.
In a lot of places in Arizona, especially the Phoenix Metropolitan, there's too little conventional sales. As much as 75 percent of the market may consist of short sales and foreclosures, restraining the choices of numerous buyers. Arizona Investors looking to flip see good opportunity in rehabbing and selling properties to these customers, eliminating the wait time of short sales, or the issues bank-owned properties may come with.
Arizona property investors are also seeing the chance in holding real estate property long term, as both rates have come down and in many places rental rates are up. We have most likely never witnessed a better time to invest in real estate as we do in 2010, as real estate property income and return on investment are the best they've been in more than a decade.
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Head to these sites www.PrimeAZrealestate.com and www.JenWehnerBlog.com if you'd like more information about Arizona real estate investments
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