Archive for investors
Featured Property: Very Cute Home on a Giant Lot in Peoria
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Nice home with vaulted ceiling on a BIG LOT with room for kids to play and a giant back patio at a bargain price. This home has a great location with easy access to schools, parks, and shopping. That sound you hear is opportunity knocking- there simply are not many homes for sale in this neighborhood.
For more information and to view more images of this home please click on the address below.
7027 W. Turquoise Ave
Peoria, AZ 85345
Jerry Raviol
West USA Realty
www.houseaz.com
602-695-5478
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MOVE IN READY CUSTOM HOME ON ACRE LOT – 26503 S 204th PL Queen Creek, AZ 85142
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MOVE IN READY CUSTOM HOME ON A FULLY FENCED ACRE WITH MOUNTAIN VIEWS & city water so there is no shared well to maintain or worry about. This home features beautiful architecture, a gorgeous foyer, wood vegas, arches, 18 inch tile, & plantation shutters throughout. The kitchen is a cooks dream with wall ovens, smooth top cook surface, maple cabinets, and stainless steel appliances. The large master retreat boasts a snail shower, jetted tub, dual sinks, & a big walk in closet. The den is fully equipped to be a 4th bedroom. Enjoy a large laundry/craft room with counters, cabinets, & a sink. The backyard features mountain views, large covered patio, grass play areas, fire pit, & plenty of open space for horses, big boy toys, or a shop. The oversized garage is large enough for 3 big vehicles & a work area.
Please click here for more information about and to view a virtual tour of 26503 S. 204th Pl, Queen Creek, AZ 85142.
Jerry Raviol
West USA Realty
www.houseaz.com
602-695-5478
Spacious Home, Private Pool & Excellent Curb Appeal – Chandler, AZ
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This spacious single story home in Chandler has a welcoming covered front patio, 3 bedrooms, 2 bathrooms, living room, dining room, open kitchen to the family room with a fireplace. Great backyard with a covered patio, pool, water feature and your own citrus trees. Plenty of storage and no HOA.
To view more pictures or learn more about this property please view the link below.
Jerry Raviol
West USA Realty
www.houseaz.com
602-695-5478
Great Home On A Large Lot & Pool Included – Gilbert, AZ
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GREAT 3 BEDROOM, 2 BATH HOME ON A LARGE LOT INCLUDING A GREACIAN STYLE DIVING POOL! ACROSS THE STREET FROM A BEAUTIFUL GRASS BELT. HUGE OPEN KITCHEN, BAY WINDOWS IN 2 BEDROOMS AND DINING AREA. WOOD BLINDS ON ALL WINDOWS. GREAT AREA…PRICED AT $130,000.
To view more pictures or learn more about this property please view the link below.
Jerry Raviol
West USA Realty
www.houseaz.com
602-695-5478
Rental Homes Dominate Market – Positive Cash Flow – Metro Phoenix
Posted by: | CommentsHow Real Estate Can Put Cash In Your Pocket Every Month.
Everything old is new again – Back in the days before housing prices zoomed through the roof like a rocket, the way to make money on rentals was to create a positive monthly cash flow, and to count future price appreciation as gravy for a later day when you wanted to sell. Right now is the first time in years that 4 important factors have aligned so that you can once again both make money every month and build your wealth the old fashioned way –
- Low purchase prices – Many homes can be purchased for less than it cost to build them, and sell for 70% less than their market high.
- Crazy low interest rates that you can lock in for 30 years – Today’s rates mean your monthly expenses for principal and interest payments are easily 30% less than a few years ago. Combine the low interest rate with a low purchase price and your monthly nut can easily be 50% less than in years gone by.
- Stable rent prices – Although rents have fallen, they haven’t fallen by nearly as much as the purchase price of the homes. This is in part due to the increased number of renters.
- A larger pool of renters / increased customer base – New mortgage guidelines which make it harder to buy a home + the large number of folks that have lost their homes and need to rent = more renters
Another benefit to a positive cash flow with a one year lease is that it eliminates the need to stress over resale prices every month. When you are putting cash in your pocket every month, a change in resale prices is less of a concern. Many of the landlords that got knocked out of the rental business were completely invested in double digit price inflation. They did not care about the good old fashioned benefits of positive cash flow because they thought they would make it back when they “flipped” it. When prices went in the wrong direction, and they were sitting on a negative cash flow, all their potential profit was gone.
I’m buying rentals and I think it is something you should also consider. Contact me and I’ll be glad to discuss if it makes sense for you to try and get both a monthly return on investment (ROI) combined with future asset appreciation.
Click here to view the Arizona Republic Article published May 2011.
Jerry Raviol
West USA Realty
http://www.houseaz.com
602-695-5478
Is Now the Right Time to Buy a Second Home?
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It may seem like an odd question given the current instability of the U.S. economy, but actually there are quite a lot of good reasons to think about buying a second home at the moment. Whether you are thinking about a long term investment, renting for extra income or a holiday home, this might be the time to buy a second home in Arizona.
Reasons to think about buying a second home:
Low house prices – At the end of last month the median price for a home in the Phoenix metropolitan are was the same as in the year 2000!! Home prices are incredibly low at the moment and so now might be the perfect time to pick up a bargain on a 2nd home. If your future plans include spending time in the valley of the sun, there’s a good chance a home will cost you more later.
Low interest rates – Interest rates are at the lowest level since they started keeping track of home mortgages. This means that if you have the ability to secure a second mortgage you are likely to get a fantastic rate on it. For those who already own a home and have the available capital, a second mortgage would currently be very appealing. History tells us that huge deficit spending by the government is often followed by inflation. With inflation come higher interest rates.
Better than saving – Although property investment can normally be seen as a risky investment it is currently just as risky to invest savings in the bank. What’s more, with interest rates currently so low, you are likely to see a greater long term return and get more for your money in the property market than a savings account.
Extra income – although there are certain overheads when buying a second home, such as tax, the mortgage and even second home insurance, you could still make a lot of money from it. With most first time buyers finding it very hard to get a deposit together in order to buy a new home, the renting market is currently very strong, meaning if you have a second home you can easily fill it with tenants. You could rent the house out to cover the mortgage costs and then sell up once the market improves.
So there you have, it may feel like a risk but actually there are many good reasons to think about buying a second home. If you have the available capital, time and desire, this could be the perfect time to buy! Before you make a decision I suggest we spend 20 – 30 minutes looking at what is available and how you can get it. I can also provide you with references from other clients that have decided that this could be the perfect time to buy!
Jerry Raviol
West USA Realty
http://www.houseaz.com
602-695-5478
The Difference Between a Short Sale and a Foreclosure
Posted by: | CommentsSellers often ask me what’s the difference if they do a short sale or just let the bank foreclose? Most of the time property owner’s long term financial health is better off if they do a short sale. There are, however, some cases where the property owner’s long term financial health is better off by letting the bank foreclose or doing a bankruptcy.
- Short Sale
- Foreclosure
- Deed in lieu of foreclosure
- Loan Modifications
- Bankruptcy
Each of these tools will have a different impact on both your short and long term financial health. Don’t let the bank foreclose before you know the difference, and you and I talk about the details. My initial consultation is free.
A short sale occurs when you negotiate with the mortgage company to accept less than the full balance of the loan. When you consider a short sale or foreclosure you need to consider how they will impact the following items:
Credit History
A foreclosure will hurt your score by approximately 250 to 300 points for at least three years. In addition the loan will show on your credit report as foreclosed for 7 years.
With a short sale only the late or missed payments prior to the short sale will be reported, the points off your credit report can be far less, and if you make all you other payments on time the impact will only be 12-18 months. Furthermore, if the lender agrees to accept nothing more than the proceeds from the sale the loan is typically reported as “settled” or paid in “full”.
- The AZ Deficiency Statute
- Bankruptcy
- Loan Modifications
- Short Sales
- Foreclosures
As a public service to AZ homeowners I am glad to offer you a free consultation. If you take advantage of this free service and then go to speak to an attorney and tax expertyou will be armed with information that will help you get more from their consultation fee.
Jerry Raviol
West USA Realty
http://www.houseaz.com
602-695-5478
10 Mistakes Buyers Make When Purchasing a Home
Posted by: | CommentsAre you in the process of purchasing a home? Maybe you have just begun the process of researching buying a home. Well, whereever you are in the process you must read this article. It could save you time, money and headaches!
-Protect Yourself From These Ten Common Pitfalls-
- Mistake No. 1
Choosing a real estate agent who is not committed to forming a strong business relationship with you.Here’s How to Avoid It
Making a connection with the right real estate agent is crucial. Choose a professional who is dedicated to serving your needs—before, during and after the sale. - Mistake No. 2
Making an offer on a home without being prequalified.Here’s How to Avoid It
Pre-qualification will make your life easier—take the time to talk with bank or mortgage representatives. Their specific questions with regard to income, debt and other factors will help you determine the price range that you can afford. It is one of the most important steps on the path to home ownership.If you’d like to read more about the top 10 mistakes homebuyers make please click the image below to view the entire list.
As always, if you find you need help with avoiding these common mistakes then contact me and I’ll be happy to assist you through your home buying process.
Jerry Raviol
West USA Realty
http://www.houseaz.com
602-695-5478
Real Estate Investing with a Positive Cash Flow Every Month
Posted by: | CommentsHow real estate can put cash in your pocket every month.
Everything old is new again - Back in the days before housing prices zoomed through the roof like a rocket, the way to make money on rentals was to create a positive monthly cash flow, and to count future price appreciation as gravy for a later day when you wanted to sell. Right now is the first time in years that 4 important factors have aligned so that you can once again both make money every month and build your wealth the old fashioned way –
- Low purchase prices – Many homes can be purchased for less than it cost to build them, and sell for 70% less than their market high.
- Crazy low interest rates that you can lock in for 30 years – Today’s rates mean your monthly expenses for principal and interest payments are easily 30% less than a few years ago. Combine the low interest rate with a low purchase price and your monthly nut can easily be 50% less than in years gone by.
- Stable rent prices – Although rents have fallen, they haven’t fallen by nearly as much as the purchase price of the homes. This is in part due to the increased number of renters.
- A larger pool of renters / increased customer base – New mortgage guidelines which make it harder to buy a home + the large number of folks that have lost their homes and need to rent = more renters
Another benefit to a positive cash flow with a one year lease is that it eliminates the need to stress over resale prices every month. When you are putting cash in your pocket every month, a change in resale prices is less of a concern. Many of the landlords that got knocked out of the rental business were completely invested in double digit price inflation. They did not care about the good old fashioned benefits of positive cash flow because they thought they would make it back when they “flipped” it. When prices went in the wrong direction, and they were sitting on a negative cash flow, all their potential profit was gone.
I’m buying rentals and I think it is something you should also consider. Contact me and I’ll be glad to discuss if it makes sense for you to try and get both a monthly return on investment (ROI) combined with future asset appreciation.
Jerry Raviol
West USA Realty
http://www.houseaz.com
602-695-5478
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Featured Property – 4033 E. Dahlia Dr in Phoenix, AZ 85032
Posted by: | CommentsRenovated Home on Large Lot and Cul-de-Sac
3 bedrooms/2baths – 1,555 sqft
This home has the location you’ve been looking for and the renovations you want. This lovely home has a brand new roof that has barely seen a drop of rain, brand new carpet that’s almost never been walked on, new paint, new light fixtures, tile in all the right places and an A.C. with a 5 year warranty. Come enjoy an open modern floor plan with a very large great room + a living room, a split master suite, and a large inside laundry on a quiet cul-de-sac lot. You can have all this and a big back yard with block fencing + Paradise Valley Schools less than a mile from the highway, and just 1/4 mile from the Paradise Valley Mall.
You will love the home, the lot, and the location! To view more photos and information about this property as well as request a showing please click on the following link.
4033 E. Dahlia
Phoenix, AZ 85032
Jerry Raviol
West USA Realty
http://www.houseaz.com
602-695-5478