Hello all,
Came back from our investors tour in AZ where we found great deals!
Amazingly enough- while summing up our visit at a local Starbucks in Chandler I saw this title in the Wall Street Journal on the rack- "Cash buyers lift housing- cash buyers boost prices in depressed cities" (see link for full article).
http://online.wsj.com/article/SB20001424052748704570104576124502975117950.html?KEYWORDS=house+market
And indeed this is exactly what we saw happening in the Phoenix Metro area: all the houses I've previously posted for sale on this blog were gone in a matter of days ( except one which is the only one we have available now in the $ 70k's range).
What we discovered- houses that are in "turn-key" condition are sold immediately IF at the right price. The ones that need repairs- obviously go much slower as cash buyers from out-of-state are reluctant to get into repairs and tenant search.
That's when we come into the picture- as you would buy with Carelocations a house already fixed and rented and UNDER market price!
This house has been completely remodeled and is ready to go!
Price for Carelocations clients only: $ 72,500
Listed price: $ 78,900
Rent: $ 850.
Cash on cash return: 9.23%
Contact me for a complete investment analysis- before this one is gone too: naomiesal@gmail.com.
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