Two items typically hold true with regards to investment dollars floating around Arizona. In the best of situations, investors jump full force on the real estate bandwagon - lately funding everything from neighborhoods in far-flung cities and towns to desirable urban condos in down-town Tempe and Phoenix.
In the worst of times, buyers also gravitate toward real estate, looking for discount buys on foreclosed homes and commercial properties as they bank on people growth to assist Arizona's financial system rebound.
Stan Barnes, CEO of Copper State Consulting in Phoenix and a previous state lawmaker, said those people with set up money in the Valley still feel more comfortable investing in real estate property advancements - even after market breaks like the present one - instead of taking chances on startups or business owners.
People in California run after new high-tech firms. Individuals in Texas drill for oil. People in Arizona spend money on real estate property. That is just the way it is, and likely would be so long as we're the fastest-improving state in the union," explained Barnes, whose business does political and marketing communications consulting intended for private-sector consumers.
In many parts in Arizona, especially the Phoenix Metropolitan, there's too little typical sales. Approximately 75 percent of the market may contain short sales and home foreclosures, limiting the options of a lot of purchasers. Arizona Investors aiming to flip see excellent opportunity in rehabbing and advertising properties to these buyers, getting rid of the wait time of short sales, or the troubles bank-owned homes may come with.
Arizona real estate investors are also seeing the opportunity in holding real estate property long term, as both rates have come down and in a lot of regions rental rates are increasing. We've probably never witnessed a better time to buy real estate property as we do in 2010, as real estate property cash flow and return on your investment are the best they have been in over the decade.
In the worst of times, buyers also gravitate toward real estate, looking for discount buys on foreclosed homes and commercial properties as they bank on people growth to assist Arizona's financial system rebound.
Stan Barnes, CEO of Copper State Consulting in Phoenix and a previous state lawmaker, said those people with set up money in the Valley still feel more comfortable investing in real estate property advancements - even after market breaks like the present one - instead of taking chances on startups or business owners.
People in California run after new high-tech firms. Individuals in Texas drill for oil. People in Arizona spend money on real estate property. That is just the way it is, and likely would be so long as we're the fastest-improving state in the union," explained Barnes, whose business does political and marketing communications consulting intended for private-sector consumers.
In many parts in Arizona, especially the Phoenix Metropolitan, there's too little typical sales. Approximately 75 percent of the market may contain short sales and home foreclosures, limiting the options of a lot of purchasers. Arizona Investors aiming to flip see excellent opportunity in rehabbing and advertising properties to these buyers, getting rid of the wait time of short sales, or the troubles bank-owned homes may come with.
Arizona real estate investors are also seeing the opportunity in holding real estate property long term, as both rates have come down and in a lot of regions rental rates are increasing. We've probably never witnessed a better time to buy real estate property as we do in 2010, as real estate property cash flow and return on your investment are the best they have been in over the decade.
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