Gilbert Arizona - Real Estate Market



If you're looking at homes for sale in Gilbert AZ trying to find the best deals, you might want to read this...

Here's what you'll learn Click on the link to see past blog entries



So, what do I mean by short and long timeframe.

Well, short time frame would be to own the house for less than 3 to 4 months (no more than 6 months). This would be the case if you want to flip the house. Long timeframe would be anything over 6 months, although I don't really see why someone would buy a house and own it for less than 2 years unless they want to flip it or if it's a second home which can be used for a 1031 exchange.

So when is a good time to buy?

My answer will always be NOW. It doesn't matter as long as you buy the property correctly. Now I have to say this with tongue in cheek because I'm a realtor, but I don't say it because I'm a realtor, but rather because I'm a real estate investor.

Now there are better times to buy for specific strategies, such as buy and hold. That would be when the market is down and there are no more buyers around. By looking at market activity, I would want to guess that January of 2008 was the bottom of the market, at least for Gilbert AZ. You see starting February, we started seeing multiple counteroffers in most properties. Now there are two things that need to happen to confirm the bottom of the market.

  1. Banks must show that they have raised enough capital to make it through the foreclosure tsunami that's coming out between now and Jul/Aug

  • The volume of transactions must remain steady and above 240 homes per month (in Gilbert AZ)


  • If that's the case, then we'll know for sure in July or August whether or not January was the bottom of the market. By then, it'll be 7 or 8 months after it happened. This happens in the stock market everyday and it's the reason why 90% of the people who invest in it lose money.

    It is absolutely possible to make money in real estate regardless of the market. I know of many investors who made money in 2006, 2007 and are currently investing in today's market.

    What's the secret?

    There's no secret, there's education. You see most investor's, like most people, don't have a strategy or a method to follow to buy properties. Just like anything else 90% of people fail at real estate investing because they don't know better or they are just doing what they learned at a seminar 5 years ago. The real estate market is dynamic and what used to work 2 or 3 years ago, doesn't work today.

    It's amazing how people won't spend $10K or $20K on their education, yet they go out and invest their money and lose twice as much. It happened to me, I lost over $100,000 in real estate investing. Did I learn my lesson or what?......People, listen to this - "ignorance has a price!!!"

    Moving on....

    Even if you bought a property in 2005, you can still count on your property appreciating. There are no guarantees in life, but overall properties have an average of 6% appreciation over time. Will it take 5 or 7 years? Maybe less, maybe longer.

    There were many new millionaires created in 2004-2005. If you were not ready for the real estate boom, you missed your chance of becoming wealthy forever. The next real estate market boom is going to come..... and if you're not ready, educated, and well funded, you'll miss your next chance again!!

    If you could buy a property for 60 cents on the dollar in this market, do you think you can make money?

    Maybe you don't have money to invest right now, but if you had knowledge and knew that with $20K you can make $40K or more in real estate, do you think you can find someone who'll give you $40K and split profits with them (they put the money, you put the knowledge and/or time).

    If you can't think of anyone who will give you $20K to invest, you're just not educated. Every good real estate investor uses other people's money to invest, and I'm not talking about bank loans, or hard money lenders. I'm talking about raising private money to invest. (I'm not saying that if you don't raise private money you're not a good investor, I'm just saying....)

    There's only one way you're going to be able to buy a property for less. You have to find a motivated seller before other buyer's do.

    Learn how you can beat out other buyer's to Hot New Listings in Gilbert AZ... Click Here



    Also, I'm looking for apprentices who want to learn real estate investing.
    Only the very SERIOUS need apply.

    Click here to learn more about How to invest in the same market the mega rich make billions

    Our next blog, I will go more in detail about how to beat out other buyer's to the best deals out there....

     
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    4 Comments on Homes for Sale in Gilbert AZ

    MAY
    17
    2008

    This is an excellent article and I couldn't agree more that now is the time to invest in real estate, more than any other time because there are deals to be had.

    I would take a look at new homes and new build property that is about to become stock. Because the market is slow, it's a great time to make a cheeky offer.

    What's to lose?

    Cheers,

    Stu

    www.offplanpropertyexchange.com

    Off Plan Propert Exchange
    5:56am • #1

    Okay, so I agree with you completely.  The majority of people are in over their head because they usually are not educated enough with timing and market conditions.  Based on your information I would guess that now is the time...

     

    5:08pm • #2
    MAY
    18
    2008

    We just surveyed our 55,000+ member network and 81% of respondents (all rental property owners) believe this is a great time to buy and 69.4% are looking to buy new property right now.  We will be putting out a press release about the full results next week.

     

    http://idealinvestment.blogspot.com/

    ideal4investors
    9:52am • #3
    2 Featured Posts

    This is perfect for rental property owners if they are going to hold properties for the next 5 years or so. If they buy 10 properties at an average price of $250K most of these properties should be worth around $350K at least during the next boom. (I know home prices are not guaranteed to go up, but heck we're not making anymore land and we sure are increasing in population) 

    If they use leverage and to stay conservative let's say they put 20% down on each property, that'll be about $50K per property or a $500K total investment for 10 properties. If you buy these properties right and rent them out you should cashflow about $200-$350 a month (if you go to other states like Ohio where rental markets are hot, you can increase your monthly cashflow). So let's look at this:

    You buy 10 properties and hold them for 5-7 years. You cash flow about $250 on average per property which will be a total of $2,500 a month coming to you (cash flow should be calculated with all expenses included and maybe a little extra for the unforeseen). 5 or 7 years down the road you've owned these properties which have been making you money and now it's time to sell. If they sell at $350K or even $300K if the market is really that bad. You still make $500K ROI (Return on your investment.)

    People "You'd be getting %100 ROI". 

    If you had your money in a savings account getting 3% you would have made about $15K. Oh by the way, there is a thing called inflation which is at around 4.5%, and it means that your dollar is worth 4.5% less than it used to a year ago. So in reality by saving money you're losing about 1.5%.     

    Now understand this. People that are buying rental properties and holding them should be people who have the money to hold these properties, meaning they are making enough money through MULTIPLE STREAMS OF INCOME. You can only do that by being a business owner and or an investor. Is it any surprise to any one that 74% of wealthy people are Business Owners/Real Estate Investors? Does anyone not know what a business is? No really, I had no idea myself (There's no such thing as common sense, you either understand it or you don't). You see people who have businesses are going like "duh everybody knows that". Well apparently 80% of the people in this country don't know that. I didn't know I could start a business out of practically nothing. I didn't know anything about LLC's, S Corporations, C Corporations. I hadn't even heard of all these things. I didn't know I could start a business without incorporating. It's called sole proprietorship and you pay more taxes. So educate yourselves, even if you have to pay someone $20,000 dollars because in the end you should make more than 10 times that amount had you not been educated.

    One last thing, don't listen to the news. 3-4 years ago was a great time to buy gold and crude and other commodities. Now all of the sudden these markets are hot and everyone is starting to buy. Crude should not be worth more than $70 or $80 dollars. Yes I know demand is high coming from China, India and other places, but have you seen the supply? Have you looked at the numbers yourself? I won't even tell you so you guys can look at it yourselves but $126 a barrel for crude is the equivalent of a $370K home in gilbert in 2005 (a home which should be worth no more than $310K). Again read the first blog and start to understand market activity and you'll start to see things before they happen and you'll be able to make money, lots of money. Wealthy people have been doing that all their lives and it's common sense to them.

    If you don't know much about how to start a business and want to know more, you can contact me by e-mail or phone. JUST LET ME BE CLEAR.... I'm only willing to help those who have seriously commited themselves to success. If all you want is information, you'll find plenty here and online, but if you want to truly do something for yourself then realize that you need help to get yourself up to the next level. I know this, if you knew already how to build a business and make money, you would have done it already unless you chose not to, right?. Let me show you how you can make $20K a month working less than you do at your current job.

    Click Here to learn more about becoming a business owner

    1:11pm • #5

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    Jorge Zarate

    Gilbert, AZ

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    Address: 1355 S Higley Rd. #113, Gilbert, AZ, 85236

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