February 21st, 2010 by Michael Oliver

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Buying Tucson investment property from banks that have foreclosed upon it is one of the best ways to buy distress property

The Tucson market offers deals for investors currently

at phenomenal prices. Distress investment property in Tucson is available for sale in all segments of the Tucson market. The best Tucson investment property deals generally are sold before they hit the general market or are at least highly known about when they do officially go on the market for sale. Bank managers, asset managers, and servicing managers responsible for selling  foreclosed assets have many contacts these contacts (Realtors) spread the word to their A-list clients and those clients (generally professional Tucson investors) act on those tips generating the sale of a bad asset for the bank, commission for the investor’s Realtor, and netting the investor an asset that will be sure to make them a return.

investing in tucson real estate, Tucson investments

February 17th, 2010 by Michael Oliver

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Tucson investment property and homes are starting to get a lot of attention with prices at what feels like all time lows. In my mind the best place to look for the best real estate investment properties and homes

Investing In Tucson AZ Real Estate Is Paying Off For Many Right Now

would be bank foreclosures, simply put that’s where the best deals are happening and where banks need to unload inventories the fastest!

investing in tucson real estate, Tucson investments, Tucson Real Estate

December 8th, 2009 by Michael Oliver

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The Tucson Arizona (AZ) home “flipping” market is back without a doubt. However unlike a 5 years ago when home prices going up alone sometimes as much as 5%-10% in a couple months which made “flipping” profitable this time around it’s only the skilled, knowledgeable flipping professionals that are in the market. These professional investors are purchasing properties that are in need of serious work for next to nothing at foreclosure auctions in Tucson. They then are fixing them up and then reselling them in most cases for a quick large profit. The skill lies in being able to identify properties quickly and knowing the real estate values of the neighborhoods extremely well, then being able to buy the homes at cheap enough prices to make the repairs and re-list the home just below market for a quick, profitable “flip”.

flipping homes, investing in tucson real estate, real estate investments, tucson home flipping, tucson investing

March 6th, 2009 by Michael Oliver

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With the current Great Recession in full swing where do you put your money? That’s a tough call because it seems like every “investment” is losing money I have an investor client that made a lot of sense to me the other day when he told me to find him a great investment property that he could buy with cash. I found him a 1261sf bank owned home that was only 4 years old in Sahuarita. The bank had installed new carpeting and re-painted the whole inside so with some other minor repairs this home was ready to rent. The property was really nice and priced very reasonably at 118k with his cash offer and some negotiation we got the bank to give it away to him for $99,500! That doesn’t happen in 99/100 negotiations but with the right offer and the right agent banks will break down to make a deal which is what happened here.

February 16th, 2009 by Michael Oliver

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Investing in Tucson Real Estate has traditionally made its owners nice investment returns. NW Tucson real estate values alone beat the DOW Jones Industrial average by 73.2% since February of 1999 just to give you an idea of Tucson’s potential. Tucson is a middle sized city of over 1.1 million people about 60 minutes north of the Mexican American border and border town of Nogales. Tucson has had a very steady, predictable, and stable population increase that has grown the city into a diverse economy and place for real estate investment. This post originally was just meant to show what areas of Tucson have brought the best returns in the Tucson real estate markets over the past 10 years. However after doing all the numbers and back tracking Tucson vs. the DOW Jones industrial average I think Tucson should also be seriously considered for those looking to diversify away from the stock market and into other areas that have shown a history of appreciation. Right now seems like a great time for buyers and investors to get into the Tucson real estate market as prices have dropped about 40% (on average) from 2005 levels. The deals and properties are out there for those able and educated enough to take advantage of them. Hopefully this posts helps those not familiar with Tucson real estate appreciation levels to gain insight into what owning Tucson properties can do for your investment portfolio.

January 8th, 2009 by Michael Oliver

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This post is designed to give those interested in a healthy retirement an option in how to actually align retirement monies so that you will have a golden income stream for many years to come. This post is going to be able to cover the basics and give people a realistic strategy towards making this happen.

January 2nd, 2009 by Michael Oliver

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If the title didn’t explain enough there is another “deal” I see currently (It came on the market today) it’s in the Hartman Vistas neighborhood just off of Hartman Lane and Linda Vista. This home is 2790sf 4bed 2.5 bath and only 3 years old having been built in 2005. In the theme of most of the deals I find this home is very clean inside and would be easy for a person to buy and move right into this home. Here are some additional features of what this home offers a buyer: Large kitchen, family room, living room & den expand the lower floor with marble and Pergo flooring to this open & spacious home. Upstairs boasts views of Tucson Mtns. 4 bedrooms, 2 full baths & a loft for an office/playroom/sitting room upstairs. Covered back patio extend the length of the home. This home in my mind is a lot for the very reasonable $199,999 list price. In my mind there should be plenty of buyers and the ultimate sales price will come above the list price.

December 29th, 2008 by Michael Oliver

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For those buyers currently sitting back waiting for the real estate market to come to them especially in the Rancho Sahuarita area (or Sahuarita area in general) it maybe time to step up to the plate. Take a look at some of these “finds” currently on the market awaiting a buyer. These homes are all foreclosure properties/ homes that had been repossessed by the lenders. However unlike a lot of foreclosure homes (also known as REO homes and bank owned homes/ properties.) these homes seem very clean and in very little need of repair. It would seem to me that these properties would be idea l for a buyer looking to make a purchase to step up to these. Now these three homes are all under $150,000 in price however they are very nice homes for the dollar, especially in Rancho Sahuarita. Regardless of price range, area, or type of home right now in the general Tucson area all homes are on deep discount. These homes can show just how steep that discount in specifically in Rancho Sahuarita. Take a look at these homes for sale.

December 16th, 2008 by Michael Oliver

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It is possible right now today to get a 30 year conventional loan at 4.625% paying no points! This is a very ridiculously (insanely) cheap rate that if it holds will seriously help pull the real estate market out of the current gutter it seems to like to hang out in.

Here’s why this happened:

Simple Answer: The government is terrified we are on a one way trip to another Great Depression.

November 1st, 2008 by Michael Oliver

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One of the most well done new communities for small neighborhoods in the entire Tucson area is Harvest Development’s “Overton Ridge Estates this small neighborhood on NW Tucson NW side has some of the best looking homes in the 500k price range. This community is located on Overton between Shannon and La Cholla. Homes here are large in size with close to acre size (or more) lots. Homes are both one and two story and have many upgrades, and designer touches making for some of the most appealing homes in the 500k price range on the NW side of town. When you enter the small neighborhood (only 17 homes) it feels as it you have entered an exclusive enclave of upper end homes… Homes here currently start at $439,000 and go up in price from there. The brickwork for the walls and courtyards are a high end very appeasing look to make the area feel as if it is an older “established” neighborhood vs. the brand new one that it is. These homes have taken a while to sell having been started in 2005. At first glance one would think the pricing is somewhat high however upon second look once one considers that a like neighborhood just 5 minutes up the road in Oro Valley or 15 minutes east in The Catalina Foothills these same homes would cost up to 10-15% more. I would classify this neighborhood although small in size as one of Northwest Tucson’s best neighborhoods in terms of home dynamics and neighborhood feel. Anyone interested in getting what I would consider loosely an “estate home neighborhood” for roughly mid 400’s to over 600k should take a look at Overton Ridge Estates.