The dream of owning our own home is a very important and realistic dream! Not to mention that at present prices in the Phoenix home market are extremely low and interest rates are also at historic lows. Despite that, how easy the process goes and how good of a purchase you make has a lot to do with how you do during the home-buying process and who you had to help. When purchasing something even as important as a home, and even during the unprecedented low prices we are seeing in Phoenix real estate, it is surprising how easy (more…)
What a Homeowner Goes through During Foreclosure
A big part of the American dream is home ownership. Home ownership signifies status, security, and independence.
In our work with clients from all different backgrounds, we find that people don’t buy houses, they buy homes. A house is a physical structure with four walls. A home, though it usually is created within a house, is a place of refuge. It’s a place of protection, a place of sanctuary, a place to nurture a family, (more…)
Buy and Hold Investing
Of the different real estate investment strategies, Buy-and-Hold is the strategy used by most to create a more predictable long-term result. There are several key Do’s and even some critical Don’ts that will help you reach the kind of results most investors are looking for. Their are a lot of homes for sale in greater Phoenix area right now and a lot of great deals out there. From foreclosures in Scottsdale to short sales in Phoenix, to even new construction deals where the builder got the lots at foreclosure prices and is passing on a new home for a great price. The overall strategy of (more…)
Fix and Flip Investing
Fixing “ugly houses” can be a lucrative and successful way to earn substantial income, especially when the timing for it is right. These are commonly referred to Fix-and-Flips, also known as fixer uppers. Simply put, an investor buys a home with flaws at a reduced price, fixes the flaws, makes it appealing, and then turns around and sells it for retail price. There is a lot of Fix-and-Flipping happening right now as the number of foreclosures needing repairs and improvements have been high. Ranging from buying homes for $52,000 in Buckeye, Queen Creek, or Maricopa and selling them in the $70′s, or flipping in more expensive areas such as Scottsdale, Fountain Hills, or Paradise Valley, there is a flood of (more…)
Investor Training 101
A large percentage of financially powerful people grew their wealth by investing in the correct real estate vehicles. At Marcus & Murphy, we believe that real estate investing—executed with the proper strategy—is without question, one of the best ways to build wealth. Wealth conveys more than just money. It is having money combined with time. As a service to the public we have decided to provide some useful, general information about this exciting topic as well as some helpful videos. If you are considering investing, the better educated you are, the less mistakes you will make. The less mistakes you make, the faster (more…)