Phoenix real estate investing; it seems like everybody is making money from it. Your old buddy flips homes in Phoenix, your father in-law has a growing portfolio of residential properties across Maricopa County and your uncle in Tempe is renting out their old house, to ASU students, through a student rentals service. You ask yourself: “Am I the only individual not making money from real estate?”
Certainly, there are a lot of reasons why Phoenix real estate investing is a good idea: Phoenix house prices bottomed out during the recent housing bubble burst, the population of renters seems to be growing exponentially, real estate investing is often considered a less-volatile alternative to the stock market, you hear about the insane amounts of money being made with Phoenix fix and flip projects and the list goes on and on. With Phoenix real estate prices largely back at their before-recession levels, this might be a great time to dive into Phoenix real estate investing.
Now presents a unique opportunity for real estate investment in Phoenix, as interest rates are still near historic lows. This following the Phoenix housing crisis and subsequent “Great Recession” that wrought havoc on Phoenix real estate prices for the duration of the economic downturn. But, if you’re one of the people in Maricopa County, who notice that the Phoenix Real Estate Market is rebounding, NOW is perhaps the time to get off the fence and begin taking advantage of this opportunity. Property is going back up, rents are rising, and interest rates are still as low as ever.
But proceed with caution, Phoenix real estate investing is just like any other business activity and should be treated as such. Educate yourself before diving in. If you don’t know a lot about the details of Arizona real estate transactions, not to mention the Phoenix real estate market, become knowledgeable before you put up any money first.
Research what kind of real estate ownership will be optimal for you and where you should invest your money. Did you know that areas that were hurt by foreclosures, or urban blighted neighborhoods, are now “prime” Phoenix real estate investing opportunities? Research the Phoenix Real Estate Market, read the Arizona Republic, and other local newspapers, to gauge the economy and visit areas you are interested in investing in.
It sounds like a lot doesn’t it? That’s because it is. Experts say that potential property investing novices should seek to work with a working with a Qualified Real Estate Adviser. But how do you do this? Is a “Qualified Real Estate Adviser” the same thing as those real estate “Gurus” who rent hotel space, flying in from places like Las Vegas, to put on seminars?
“Not so!”, says Daniel Scott of the Matrix Real Estate Investor Network in Phoenix, “Stay away from the ‘Real Estate Gurus’!” Mr. Scott continues, “These ‘Gurus’ fly in from some distant place and are 100% OUT-OF-TOUCH with the local market they are supposedly such an ‘Expert’ on investing in, Scott says, “State and local real estate laws are exceedingly complex and vary from one location to the next; as do the markets. To be a Phoenix Real Estate Expert, that ‘Guru’ needs to be actively conducting property investing in Phoenix, or else how can they teach you anything?”
Daniel Scott stresses the importance of networking with a local group or association who can assist your new Phoenix real estate investing venture in getting past square one, “A genuine real estate investing association, or school, can provide a great place to learn the ropes, network with others and find reputable professionals.”
The Matrix Real Estate Investor Network in Phoenix is just that. Located at: 2406 South 24th Street, Phoenix, AZ 85034, the Matrix is just like the Keanu Reeves movie; a network. Only this is a network of other people interested in learning about Phoenix real estate investing. Novices in Phoenix property investing have one-on-one access with seasoned professionals, providing true mentoring to beginners, who are currently doing deals right in Phoenix. Add to that classrooms & seminars, office space, phone lines, all designed to optimize the value of the novice Phoenix real estate investor’s time, and one has a resource that is without peer to people interested in capitalizing upon the Phoenix real estate market.
Daniel Scott says, “The Matrix doesn’t have any ‘Gurus’. We bought this building and conduct our Phoenix real estate investing business here. All of our mentoring is conducted here as well. We are not ‘leaving town’ but are here to stay.”