Two things historically hold true in terms of investment dollars going around Arizona. In the best of moments, investors go complete force on the real estate investment bandwagon - recently financing almost everything from neighborhoods in far-flung towns and cities to enticing urban condominiums in downtown Tempe and Phoenix.
In the toughest of times, investors also gravitate toward real estate, searching for bargain buys on foreclosed properties and business properties as they bank on population increase to assist Arizona's financial system rebound.
Stan Barnes, CEO of Copper State Consulting in Phoenix and a previous state lawmaker, said individuals with founded profit in the Valley still feel more comfortable investing in real estate property developments - even after market breaks just like the recent one - instead of taking chances on startups or enterprisers.
Many people in California run after new high-tech corporations. Individuals in Texas drill for oil. People in Arizona purchase real estate. That's just the way it's, and likely will be provided that we're the fastest-growing state in the union," explained Barnes, whose corporation does political and marketing communications consulting for private-sector consumers.
In many places in Arizona, specifically the Phoenix Metropolitan, there's a lack of traditional sales. As much as 75 % of the market may involve short sales and property foreclosures, restricting the alternatives of a lot of buyers. Arizona Investors seeking to flip see fantastic opportunity in rehabbing and advertising houses to these customers, eradicating the wait time of short sales, or the issues bank-owned houses may come with.
Arizona property investors are also discovering the opportunity in holding real estate property long term, as both prices have come down and in many regions rental rates are rising. We have likely never seen a better time to buy real estate as we do in 2010, as property cashflow and return on your investment are the best they have been in over the decade.
In the toughest of times, investors also gravitate toward real estate, searching for bargain buys on foreclosed properties and business properties as they bank on population increase to assist Arizona's financial system rebound.
Stan Barnes, CEO of Copper State Consulting in Phoenix and a previous state lawmaker, said individuals with founded profit in the Valley still feel more comfortable investing in real estate property developments - even after market breaks just like the recent one - instead of taking chances on startups or enterprisers.
Many people in California run after new high-tech corporations. Individuals in Texas drill for oil. People in Arizona purchase real estate. That's just the way it's, and likely will be provided that we're the fastest-growing state in the union," explained Barnes, whose corporation does political and marketing communications consulting for private-sector consumers.
In many places in Arizona, specifically the Phoenix Metropolitan, there's a lack of traditional sales. As much as 75 % of the market may involve short sales and property foreclosures, restricting the alternatives of a lot of buyers. Arizona Investors seeking to flip see fantastic opportunity in rehabbing and advertising houses to these customers, eradicating the wait time of short sales, or the issues bank-owned houses may come with.
Arizona property investors are also discovering the opportunity in holding real estate property long term, as both prices have come down and in many regions rental rates are rising. We have likely never seen a better time to buy real estate as we do in 2010, as property cashflow and return on your investment are the best they have been in over the decade.
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