Real Estate Investing 101

Sorry, I’m not offering the course … I’m currently working my way through it.

Though, to be fair to Jeff Brown (aka The Bawld Guy) of Brown & Brown Investments, his lessons are along the lines of Masters’ Level courses explained where even a curmudgeon like me can understand them. Like …

The first coupla steps are to figure out two things. One you know pretty much intrinsically. Are you a first time investor, some would say, novice? Do you own investment property already? Several? More than several? What’s your level of ‘investor know-how’? It’s important to not only know what you know, but also to know the questions for which you don’t have answers.

Most importantly, however, is to understand there are answers to questions out there, you don’t even know to ask. Those are the answers that can and often will make or break your retirement plan.

It’s a good time to be a real estate investor, assuming you’re in a position to invest – not everyone is …

  • Those folks who purchased homes in Phoenix as short-term investments that became long-term holds? Scarce inventory is leading to rising prices which are leading to an opportunity to make a nearly-graceful exit from the albatrosses hanging around their necks.
  • Interest rates remain ridiculously low. I know a lot of you are like my father-in-law and believe in cash all the way but, after talking to Mr. Brown for a while, there’s a definite advantage to leverage when it leads to multiples of cash flow.
  • Opportunities abound – and not just here in Phoenix. I swear, if I have to hear about Texas one more time … but the cash flow ain’t bad. And it seems like it’s the kind of place where you can invest in the kind of multi-family properties that aren’t nearly as popular here in Phoenix.

What this really is about is a commercial for what Jeff does – purposeful planning to help you get to your retirement. I’m only 42 and the topic is on my mind as I watch the kids grow and realize my parole from children comes in a few short years.

For information specific to Phoenix and what the market’s doing here, call me at 602-502-9693. If you’re ready to get serious and put together that plan to get you on a boat or a beach or whatever you choose, call Jeff at 619-889-7100 and tell him you heard about him here. Might turn into a beer for me down the line.

About Jonathan

Jonathan Dalton is a 30-plus-year resident of the Valley and has been helping folks buy and sell homes since 2004. He can be reached at 602-502-9693 or info at allphoenixrealestate.com.

  • There is no one like Jeff Brown when it comes to investment planning! 

  • Patrickivans69

    Names Patrick, here’s an article on real estate in Arizona

    Arizona real estateArizona real estate: The buying motivationArizona real estate market is really hot. The centre of a lot of action in Arizona is Phoenix metropolitan area. However, when it comes to real estate investing, every area is hot. Based on whether you are looking for Arizona real estate just as an investment avenue or whether you are looking for Arizona real estate to actually live in, your preferences would change a bit. However, one thing which you would always want is a low price. And that is something that would require some effort. If you are looking to get a piece of Arizona real estate for yourself and your family, then you need to consider a lot of different things which will also influence your perception of the lowest (or the best price) for that Arizona real estate piece. Note that the best price for the same Arizona real estate piece might be different for different people (because their level of motivation to buy a particular Arizona real estate piece might vary). So, if you have a lot of friends living in a particular area in Arizona, then Arizona real estate in that area might become your preference and hence increase your motivation level. Similarly your buying motivation will be higher if you are planning to move into the place on account of a new job that you are taking up in that place or if you have been transferred to that place in your current job itself. If you have children, you would have to look around for Arizona real estate which has good schools around it. Again, you would like to evaluate your lifestyle and see if there is place that is in particular suited to your lifestyle. So, there are a lot of factors that could lead to increased motivation levels. Generally, more the motivation of either side (buyer-seller), lesser is their negotiation power. So even if you are much motivated to buy a particular Arizona real estate piece, do not show it in front of the seller. Though hiding your motivation will be a bit difficult, nonetheless give it a good try. If you are looking for Arizona real estate just for investment purposes then you would probably have a lot more time on hand to evaluate various properties before you actually go ahead with one. So your buying motivation will not (and should not) be too high. Remember that if you have time on hand, you can always get better deals (and there are lot of Arizona real estate deals out there, if you were to look properly).  

  • There’s opportunity everywhere right now, even where we are in the Northeast. Although Id like to get a few house flips in Pheonix and write off a stay at the Phoenician!