phoenix: Real estate investors, do you wish that you could go back in time?
- 06/04/12 06:45 AM
Trustee Auction Sale 320 West Portland Phoenix, Arizona This gorgeous historic home is located in one of the most sought after neighborhoods in Central Phoenix. This home sold for $75,000 in 1988 and double that in 1998. In 2004, right before the "real estate bubble" it sold for $200,000 and finally topped out at $375,000 in 2006. The opening bid at trustee auction is just $57,000! Learn more about trustee auctions and trustee sales in Phoenix and Maricopa County. They are a A truly raw form of capitalism for savvy investors. Trustee sales in Arizona offer a chance to "go … (0 comments)
phoenix: Phoenix Probate sale offers rare opprtunity for one lucky investor.
- 05/23/12 07:25 AM
27 E Columbus AVE 6 Phoenix, AZ 85012 APPRAISED VALUE: $500,000 Phoenix is the nation's 5th largest city and a major hub of business in the Western United States. Columbus and Central Avenue intersects the heart of Midtown Phoenix, which is a major financial district and collection of historic neighborhoods just north of Downtown. This is one of Phoenix's most vital and heavily trafficked Intersections. It is also one of the region's largest centers of employment, with nearly 60,000 people being employed within just a three-mile (5 km) radius. Columbus Avenue is the only street intersecting the Central corridor which has … (0 comments)
phoenix: More inventory to hit the trustee auctions in 2012...
- 05/01/12 04:50 AM
RealtyTrac previously projected that close to 1.2 million properties would be foreclosed in 2011, based on foreclosure start activity in 2010. But REO activity through November puts the nation on pace to reach only about 800,000 properties foreclosed for the year. See our year-end report for the final number So what happened to the 400,000 difference in REOs? Many of them will likely be pushed into 2012.According to David M Kinchen of Huntingtonnews.net, "this coming wave of deferred bank repossessions in 2012 is a recent surge in the earlier foreclosure filings that start the foreclosure process. These default filings spiked 33 percent back in August and … (0 comments)
phoenix: Prices in the Phoenix Area are up almost $5.00 a square foot..
- 04/11/12 08:56 AM
According to the Arizona regional Multiple Listing Service the average price per square a homeowner has been able to sell a property for in the Phoenix Area, so far this month, is up almost $4.54 to $95.15. That is the highest it has been since April of 2011. This reflects all recorded homeowner sales through March 9. The aveage price per square lenders have been selling for is down about $3.00. Investors from the U.S. and Canada are still converging on the Phoenix Area housing market in record numbers. Although the prices at the trustee auctions are steadily on the rise, … (0 comments)
phoenix: Ali's celebrity charity event helps fight Parkinson's
- 03/26/12 07:16 AM
By Phil Haldiman, Arizona Republic PHOENIX – Everybody knows that Muhammad Ali floats like a butterfly and stings like a bee. But he can also throw a pretty mean fundraising party. Celebrity Fight Night has raised more than $70 million since. it started in 1994, when celebrities first donned oversize boxing gloves and duked it out for the fight against Parkinson's disease in front of 400 people. PHOTOS: Images from Celebrity Fight Night Now a mainstay of fundraising events in the Phoenix area, this year the gala set a record with 1,300 people in attendance and raised more than $9.1 million … (0 comments)
phoenix: Real estate investors are paying too much tax.
- 03/22/12 05:07 AM
One of my clients just found out that she had missed out on some of the tax advantages of owning multiple income properties in Phoenix. After referring her to my CPA, she found out that she had failed to save a signifigant chunk of change in 2010. Many owners of income real estate are not taking advantage of the available tax benefits. Interest, depretiation, repairs, home office, insurance, theft, contractors long distance and local travel are all deductible expenses for the owner of an income property. Interest is the the biggest deduction. If you own more than one property in a metro area like Phoenix … (1 comments)
phoenix: Canadians are converging on the housing market in sunny Phoenix.
- 03/01/12 06:09 AM
It's no secret that Canadian real estate investors have converged on the Phoenix housing market with a furious vengeance. According to Catherine Reagor from The Arizona Republic There’s a shift in who is investing in metro Phoenix homes. Californians are no longer the region’s biggest group of out-of-state buyers. Now, the dominant group of out-of-state buyers is from outside the country. Canadians bought 405 Phoenix-area houses in April, according to the Information Market. As a Buyer's Agent for both Canadian and California investors, I have witnessed this change first hand. Canadians seem to be more confident about a speedy recovery of … (0 comments)
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