Phoenix Real Estate – The Land of Investors

If there’s any theme that dominates my observations here, it is the need for perspective. Everything looks different in the reflected light of the heat of the moment; only in taking a step back can we get any sense of what’s really taking place. About a month ago, the Arizona Republic published an article discussing […]

How to Describe the Phoenix Real Estate Market in One Word

Unstable. That’s about it, at least until the market has processed fully the continuing changes wrought by the bubble, the collapse and the nascent recovery. And that’s not going to happen for a while yet, judging by news from other quarters. Word out of Northern California, courtesy of Reuters with a hat tip to the […]

Phoenix Real Estate Investment Primer – Cap Rates, Part Deux

Yesterday, we talked about how to calculate the cap rate – a very, very basic figure that can help investors compare one property to another on an apples to apples basis. Now, let me tell you why you should be a bit judicious in your use of cap rate as an investment measure. On single […]

Phoenix Real Estate Investment Primer – Cap Rate

Which piece of Phoenix real estate makes more sense from an investment standpoint – the $100,000 house collecting $800 in monthly rent or the $120,000 house collecting $900 in rent? If you’re looking for a rather simple, rather simplistic method of comparing possible investments, one way to go is to compare the cap rates of […]

Realistic Investment Expectations in Phoenix

Received an e-mail yesterday from an investor looking for property here in the Phoenix area. Unlike many of the weekend warriors who occasionally drop me a line, this individual was specific in his goals and desires, which was immensely beneficial. The only real problem was the timing, as what he’s looking for doesn’t exist here […]

Investing in Phoenix Real Estate and Some Basic Math

Let’s suppose you’ve got $80,000 burning a hole in your bank account, earning a whopping .0000005 percent (give or take a couple of zeroes) in interest and you’re thinking about investing that money in real estate. Being adverse to carrying a mortgage, you decide to use the entire $80,000 to purchase a house free and […]

Is Your Phoenix Investment Property Giving You a Sufficient Return?

Text from a letter I’m sending out this weekend to investor owners: IF YOUR PHOENIX AREA INVESTMENT PROPERTY HAS YOU ON TRACK FOR THE RETIREMENT YOU WANT, STOP READING NOW. If not … consider for a moment how else you could have your money invested – either utilizing a 1031 like-kind exchange and trading up […]

Accidental Landlords – Take Note

It’s very rare that I do this, so rare in fact that I can’t remember the last time I did. But I urge you, dear readers, to share this post with the people you know who may be in this particular situation. And I almost guarantee that if you live here in the Valley that […]

Real Estate Investors: Go Away, For Your Own Sake

Assuming you didn’t take my advice based solely on the headline, here’s the line of thought for today inspired by an e-mail I sent one of my investors on Monday: In this market, with inventory as thin as it is, about the only way to secure a home is to overpay for it. There are […]