Are you curious about investing in real estate or building your portfolio of investment properties? Real estate investment is quickly growing, and gaining more traction in the marketplace. Arizona is a perfect state for investing, and the market has definitely recovered with a position of growth.
As our population grows, the Arizona housing market continues to be a great place to invest. According to U.S. Census – our population is currently 6,626,624 – 2013, up from 6,551,149 in 2012. More people are relocating to Arizona, and space is limited for new builds, so investing in properties for resale in Arizona is a fabulous place to start your portfolio, or build your portfolio of investment properties.
Here are Four Steps to Real Estate Investing:
1. Gain Real Estate Knowledge – Saturate yourself with top leaders in the real estate investment arena. Some top leaders in real estate are: Robert Kiyosaki, Donald Trump, Allan Dalton – CEO of Realtor.com, Steve Wynn of Las Vegas, and many more. While most investors have had ups and downs, they have a great history in real estate investing, along with a high level of confidence and a strong work ethic. Education is your friend when attempting to learn about real estate investing. So read everything you can, network with others in real estate, and become comfortable with this knowledge to utilize it when selecting your next real estate investment property. Once you have those three steps down, it’s time to develop a plan that is easy to execute when you find the right property.
2. Identify and Solidify Investment Funds – Do you have the funds? Have you saved enough for a down payment? Have you discussed your options with a lender? This is crucial when making a real estate investment. The last thing you want to do is enter the market in a down turn, or when you may not have the funds to sustain an investment property. Do your research on current trends, and ensure you work with the right company to find you the right home, in the right price range, and that right time of the market.
3. Create a Real Estate Investment Team – The saying “It takes a village…” is true in this case as well. Utilize professionals in the industry. Identify a real estate team to assist you through the home buying process. This team should include lenders, accountants, real estate agents, title company and a home inspection company. These resources will provide opinions and analysis, that will create a path of success for your real estate investment.
4. Select a Property or Properties to Purchase – You have done your homework and are now ready to look for a property. Whether you are a novice investor, buying a vacation home, or an experienced investor trading up for larger properties, you will need to find the right REALTORS first. They will help you find a home that is on budget, meets your needs, and is perfect for real estate investing.
Finding a strong team like Angels RE Group with Ventana Fine Properties is a great start. As we have been in the valley for years, we have all the referrals and expertise needed to make a smart investment. We invite you to contact us to learn more about real estate investment properties available in Arizona.