Buy or Sell Homes in South East Valley of Arizona

As an investor, I understand the stress and reward of having rental properties. They make a great investment, especially for retirement planning, but they also cost money in maintenance. Often I am asked by investor clients, “When is it time to sell my rental property?” Here are some guidelines: Costs . Being a real estate investor is like being a business owner and you have to know your numbers. What is the rental home actually costing you? If the mortgage is $1,000/month and the renters are paying $1200/month, is that enough to cover taxes, pool maintenance, landscaping, HOA dues and other expenses? If the answer is no, it might be time to raise the rent if the market will allow or sell the home.   Market Shifts . In the Phoenix market, it is estimated that we will see a shift from a seller’s market to a buyer’s market in 2016. That means prices of homes will go down. If your rental property is paid off or you have a low mortgage compared to current market value, you may b

Since the start of our nation, Americans have worked to own their own land and moreover their own home.  Our nation is only a few in the world that this is possible.  It is a privilege granted to anyone who wants it; not a birthright, and not for only the rich.  My goal is to help everyone I come in contact with to make this dream a reality. In the past, it was much easier to attain, but now with the credit and housing crunch there are many hoops you must jump to make it to home ownership.   As seen below; There have been some who have voiced doubt as to whether or not the younger generations still consider buying a home as being part of the “American Dream”. A recent   study   by   Merrill Lynch   puts that doubt to rest. According to their research, every living generation still maintains that owning a home is in fact important. Here are the numbers: This should not surprise us as many studies have revealed the benefits enjoyed by the families who own their o