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A great opportunity in Show Low, Arizona. Model Home Lease Backs

By Eddie Ange

Real Estate Agent with Windermere Central Phoenix

January 03, 2009 04:54 PM

There is a great opportunity for an investor or someone looking for that perfect second home in a beautiful mountain development. Show Low, Arizona is located in the scenic White Mountain in North East Arizona. This new development has something for everyone. Miles of hiking and biking trails, golf courses close by, fishing all around, seasonal skiing close by and great family restaurants. Plus, a brand new downtown in development that will bring excitement and city life to this beautiful region.

I have builders looking for investors to buy model homes that they will lease back from the investor for 10% triple net. The investor will only have to pay the mortgage. The builder pays everything else.

Past clients have enjoyed this opportunity. Now, they use the investment as a second home or vacation rental. Some even use the home ase their primary residence.

I can not speak enough about this development. The developer has a proven track record of success. Show Low Bluff has something for everyone. Take a look at www.showlowbluff.com.

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Karen Anne Stone

New Home Hunters of Fort Worth and Tarrant County - Fort Worth, TX

Fort Worth Real Estate

Eddie: I wish I knew more about this to comment. I have seen model home sale-leasebacks work very well... but nothing like that in the last three years. I sure don't feel very "safe" about an investment like this... at this time and with this economy. It seems to me like it is an invitation to become upside-down.

Jan 03, 2009 04:59 PM

Eddie Ange

Windermere Central Phoenix - Phoenix, AZ

I can tell you that past clients that have look at this opportunity have worried about the real estate atmosphere. They all had a very specific plan. Some liked the area so much that they chose to stay, some looked at the location purely as an investment. All have been happy with their choice.

I believe the leaseback opportunity allows people to invest in a home that pays the mortgage and puts money in their pockets while the current market re-adjusts.

I know the feeling about the current market, but take a look at showlowbluff.com and keep it in mind.

Thank you for your response.

Jan 03, 2009 05:12 PM

Robert Havana

Park and Protect- Alberta Real Estate License Parking - Calgary, AB

Alberta Real Estate License Parking

I havent seen any of this sort of arrangements in my own marketplace. It seems like a fairly win-win situation for both the developer and the investor, of course the market plays a key role in the numbers, but the theory of the arrangement is sound.

Jan 03, 2009 06:20 PM

Bobbi Herman

Realty One Group - Peoria, AZ

Realtor, Peoria Arizona

Eddie, thanks for the reminder about model home lease backs. I haven't come across any of these opportunities in a long time, but I'll remember to be on the look out more often. I almost bought one at the new home development we live at It was around April of 2004. The development ended up not building any models because houses were being snatched up so quick at the time. In hindsight, I'm glad they didn't or I would probably be upside down in that home.

Jan 03, 2009 08:08 PM

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Eddie Ange

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