It's time to buy again! Fortune magazine and CNN

According to an article published today Americans are moving again into buying.

http://finance.fortune.cnn.com/2011/03/28/real-estate-its-time-to-buy-again/

The main points in the article:

1. Housing inventory has started shrinking all over the US including locations that were hit the hardest on the recession like AZ, NV and CA.

2. Rents show an upward trend as a result of the foreclosures- people need a place to live when they foreclose on their home.

3. Sales prices are very attractive which attracts investors and first time home buyers.

The result: prices are going up! If you are considering investing in real estate do it ASAP- as the good deals are going fast!

Contact me directly for additional information at naomiesal@gmail.com.

Yours,

Naomi.

Rents expected to jump- this is the time to invest!

Hi all,

Just wanted to share with you this article quoted by the Chicago Tribune.

We've been seeing this upward trend in the Phoenix Metro area where properties are rented as soon as they go in the market.

This is the time to invest- if cashflow is around 9% net. now- it will get even better when this trend gets stronger!

http://http://chicagobreakingbusiness.com/2011/03/rents-could-jump-double-digits-as-vacancies-drop.html

Join our tour to AZ April 9th-10th and see it yourself!

Yours,

Naomi.

If I buy a house- will it be rented?

Hello friends!

I've been presenting the advantages of investing in AZ for quite a few months now and the same question comes up again again: "OK Naomi- we understand purchasing those houses is an excellent cashflow deal but how do I know I'll be able to rent the house after I buy it...?

So- this has been our experience in the last few months:

1. For the house the property in San Tan Valley that sold for $ 85.5K and rented for 2 years for $900 our property manager got 8 calls the same day he posted it and stopped accepting any others. He picked the family he liked the most. with the best employment and personal background and children- which guarantees they will be staying there for a while.

2. For another house in San tan Valley he got 11 (!) showings the same day he put it in the market and rented it right away.

3. For our client from Australia who bought a house the last day of his visit for $ 90k, it was rented out for $1000 while he was on the flight back home. When he arrived to Melbourne- he already had a tenant!

This has been going on for a while. There are around 5000(!) foreclosures per month in the Phoenix area which is very sad for the people living there- no doubt about it, but for us investors it means low purchase prices and more and more people needing rentals.

We are hearing hi-tech companies in the East Valley are hiring thousands of new employees. Probably some will be from the area but most likely new people will be relocating to AZ and will either buy or rent. This might create 2 results: purchase prices will start climbing up at the good neighborhoods and demand for rents will grow even more.

If you are considering to invest in AZ, don't wait- we have still good deals out there but I'm concerned they will start disappearing pretty soon...

Feel free to comment or ask by posting here or contacting me directly at: naomiesal@gmail.com.

Coming up- 2 great properties for sale- fixed and with tenant in. Keep checking this blog in the next few days...

Best,

Naomi.

Expanding to new neighborhoods...Chandler, AZ

Hi all,

Sorry for disappearing for so long- I just was really busy with marketing the houses I've posted and now they are almost all gone...

We started our investing project in the area of San Tan Valley, as houses there showed a unique delicate balance of affordability for purchasing, great rental market and very good demographics- all those guarantee reliable prospective tenants and high ROI.

As the house inventory in San Tan Valley is diminishing very fast and prices are going up and as many of Carelocations investors prefer areas closer to Phoenix (although more expensive)- we now expand our services to Chandler and Gilbert.

Why Chandler and Gilbert?

Those two towns are very centrally located and prices there are still affordable, between $110k- $ 160K.

Chandler is home to 4 Intel locations with 10,000 employees and expanding to 14,000! Motorola is located in Chandler too and so are other hi-tech companies that are expected to hire over 2000 additinal employees in the coming years.

That means....high salaried tenants and demand for nice rental homes. As those areas are close to PHX- Phoenix International Airport and downtown and relatively newer homes can be found there- those are projected to be winning investments both as rentals first and resales later.

Presentations of AZ investments and specific properties plannned for:

Sunday, March 6th at 7:30pm in Cupertino, CA.

Tuesday, March 22nd at 7:30pm in Hertzliah, Israel.

Next upcoming tour to AZ- April 8th-9th- you are all invited to join and tour the beautiful Phoenix area with us!

For additional information feel free to contact me at: naomiesal@gmail.com.

Yours,

Naomi.