Many people have turned to REITs as a way to diversify away from expensive technology and financial stocks. However, by many measures, REITs are also quite expensive. Many analysts see them as priced for a perfect future, and they may collide with an imperfect reality.
Individual investment properties offer higher income than REITs if they are bought at the right price. Plus, you have total control over them and aren't at the mercy of corporate management or a fickle market.
Most people don't realize you can even use a retirement account to buy investment properties, and let the rents accumulate tax deferred. So, you're not stuck with REITs if you want to diversify your retirement account. It just requires a bit of advance planning.
Would you like to see properties that offer income of 10% or more? These are cash flow properties, not speculative "hope that prices increase" deals. Many are completely turn-key investments, with no repairs required. Some are from distressed sellers and estate sales, others from banks that no longer want them on their books.
These properties are NOT on the MLS, they sell too quickly to ever be listed.
Whether you want to start with as little as $50,000 or put $5 million to work, I can help. Please click here to receive notification of deals the moment they become available.
Your time will be respected, and you'll only be contacted about investment properties that meet your specifications.
Please click here to get started. There's no cost nor obligation.
***
Creative financing for luxury homes goes mainstream this week, with an article in the Wall Street Journal. This technique is being increasingly used in high priced markets such as California. As longtime readers know, I've used them for years on behalf of both buyers and sellers in Arizona. The lending market is strong today, so people have lots of options for bank financing. Nevertheless, it's important to stay current on creative alternatives that may save a deal that would otherwise fall apart. ***
Closings Closings dipped from $17.9 million to a paltry $4.4 million. This isn't surprising given the Labor Day holiday. Listings
We have 9 new listings in Paradise Valley, ranging from $625k to $3.8 million.
Two homes are especially noteworthy this week, both under $2 million and offering a substantial amount of home for the money:
Bargain in Guard-Gated Community
Casa Blanca Estates is a wonderful, private community with easy access to amenities of Downtown Scottsdale. This 6,550 square foot home is an excellent value at under $1.5 million. It is no fixer upper either, it is move in ready. Don't delay if there's an interest, should sell quickly - please call me at (480) 442-7325 for a showing.
--> Click here for details
Charming Ranch with Views This quintessentially Arizona home boasts an flat acre+ lot with lovely views. There's a wheelchair accessible guesthouse, perfect for visiting family. This home sits next to 15 acres of undeveloped land, for an even greater sense of privacy. Offered at under $1.7 million. --> Click here for details
To see all of this week's new listings please click here.
To see everything on the MLS in Paradise Valley please click here.
That's all for this week, I'll be back next week with all the latest in Paradise Valley real estate.
Thank you,
Alex Goldstein(480) 442-7325
p.s. Have you signed up for the VIP list? Click here for priority notification about unlisted properties, and opportunities that meet your specifications. We'll only contact you about properties that meet your specific criteria, and there is never any obligation.
(c) 2015 Alex Goldstein PLLC
| 