Nick Blog's the World!

The glass is half full! No, I don't know when we will hit bottom in the Arizona Real Estate Market; my best quess if sometime between now and mid 2009.

However, now is the time to consider establishing a real estate portfolio. Many bargins are available today and should be seriously considered.

Don't just run out and buy; establishing a real estate portfolio requires goal setting and a peronal financial analysis.

Even though real estate is my main profession, I am also a Certified Fianancial Planner and always work with my clients in helping them establish realistic goals.

Depending upon the amount you have to invest, the type of property purchased is determined. For starter investors, and in todays market, we recomment quality located single family homes that are in a growth area as far as commerical development is concerned.

Our commerical market is just now showing major signs of a slow down so bargins in purchasing are now as available.Having said that, there are a few good owner user small residential/office zoned homes in various parts of the valley that in my opion deserve a second look.

Most commercial leases can now be negotiated in favor of the tenant.

The most important consideration in real estate investing is having a qulified and experienced Realtor working on your behalf. 

ARIZONA INVESTMENT HOMES

We have been able to obtain loans for our residential investors. As I mentioned in my last blog, Arizona is For Sale, there are some good investment homes available.

A 25% down payment and a credit score of 750 or more will get you a loan under 7%. By purchasing a home in a good location under $300,000, the home should at least break even when rental income and depreciation is considered.

No, I don't know if we have hit the bottom of the real estate market in the Metro Phoenix Area, but as long as the home breaks even or has a positive cash flow and is located in an identified future growth area, this is a good time to purchase.