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Old 06-11-2009, 12:04 AM   #21
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Martha,
I'm sure that some investors will make money buying Phx RE these days. Consider looking at other deals just to get some comparables to the one you are interested in. There may be a dozen projects for sale, just like that one.

Having lost two years of income in speculative Phx RE in the early 80's, my suggestion is to let the first one pass. If the rental market does hold up, more deals will be available.

For his retirement, my Dad bought 4.5% 30 year bonds in 1967. For his investing life, that was a high bond rate. The next decade was not good for bonds. Be wary of deals on the edge of major changes.

My thoughts are, if the price and the future are both so good, why is the RE up for sale?
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Old 06-12-2009, 09:52 AM   #22
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Investors not flipping houses, but renting

Real-estate investors have returned to the Valley in a big way, prompting concerns that the housing market is becoming too speculative to sustain the recent buyer activity.

The lure of once-in-a-lifetime deals on bank-owned homes is driving investor purchases, which experts say account for 50 to 70 percent of recent home-buying transactions. Still, it's the ability to generate revenue by renting the homes to tenants - in some cases, previous owners - that makes the properties such attractive investments.
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Old 06-12-2009, 09:56 AM   #23
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Originally Posted by heyyou View Post
Martha,
I'm sure that some investors will make money buying Phx RE these days. Consider looking at other deals just to get some comparables to the one you are interested in. There may be a dozen projects for sale, just like that one.

Having lost two years of income in speculative Phx RE in the early 80's, my suggestion is to let the first one pass. If the rental market does hold up, more deals will be available.

For his retirement, my Dad bought 4.5% 30 year bonds in 1967. For his investing life, that was a high bond rate. The next decade was not good for bonds. Be wary of deals on the edge of major changes.

My thoughts are, if the price and the future are both so good, why is the RE up for sale?
The ownership group is cash poor and has to divest some properties to raise cash.
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