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Making owning property enjoyable!

Apr 27
2010

Canadian Investors finding Gold in Arizona Real Estate

Posted by: RPM North Valley

Canadians seeking gold are not simply stopping at the victory of the 2010 Gold Medal in Hockey at the Vancouver Olympics, they are looking for Gold Medals in business investments as well. Canadian investors are some of the most savvy investors around. Can the fact that they are flocking to Arizona (Phoenix) real estate investments be a sign real estate is turning around? At the very least, there are some extremely good deals and returns on investments right now in the Arizona (Phoenix and Tucson especially) real estate markets right now.

A recent ABC News story highlights the interest shown in Arizona investment property. Now is the right time for Canadian investors, as real estate prices are at 10 year lows in some areas, and the US dollar is very low as well.

From a property management standpoint, we have seen an increase in Canadian ownership of investment properties, and we appreciate the business savvy, professionalism and real estate acumen that Canadian Real Estate investors portray.

Great investments, however, start with great research. They say you make your money when you buy real estate, not when you sell. So the best way to buy properly, is to gather the best data up front. What is the best way to do this? Find out the best areas to buy, with the highest traffic of renters, and the quickest time to rent. Who has this data? Property management companies are the best resource for rental rates, high traffic areas and the like.

At Real Property Management, we have excellent data on high traffic areas (zip codes), and average rental rates per square foot in each zip code. Check with us before you purchase, and make sure you are purchasing in an area to match your goals. We even encourage agents in our Network of Realtors to negotiate on behalf of our clients, in order to get sellers to pay the first year of management fees for the buyers. That way, you can have your investment managed without monthly management fees the first year, by a high quality company, like Real Property Management North Valley.

Contact us today, for more information!!

 

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Canadians in Arizona
written by Eric Myers, September 15, 2010
Canadians are officially the number one out-of-state home buyer in Arizona as of April. With the buyers market and great mortgage rates it makes it a great time to invest.

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