I was listening to one of the local real estate radio shows, and the guest was Alan Langston the Executive Director of the Arizona Real Estate Investors Association (AZREIA). The discussion was Phoenix area real estate market and the benefits of being a member of his organization.
AZREIA has been in existence for about 6 years and is one of the largest, if not the largest, real estate investor organizations in the country. Anyway being the Executive Director of a large industry organization gives the advantage of being connected with a lot of local real estate investors and industry experts, i.e. he knows and understands what’s going on in the Phoenix market place.
He made several good points during his discussion. They were talking about how negative the media is on the real estate market right now. (Remember the media is in the business of “SELLING” the news.) Anyway Alan made a great point about the media. To paraphrase he said the media helps to keep the noninformed investors out of the market. Which is a great way to look at the service the media provides. If you are not informed about the market (applies to all industries) you should not be investing. He also mentioned the informed real estate investors (like myself) have been watching the market closely and are now buying real estate.
If you are a long-term real estate investor, the simple fact is that if a property has positive cash flow, it has some good long-term potential. As with any type of investment or business endeavor it depends upon your goals and perspective.
If you are interested in investing in real estate or buying a personal residence, then get your financial house in order, put your Financial Success Team together and get informed about your local market.
Join your local real estate investing club or organization. In Phoenix Arizona and surrounding areas go to www.AZREIA.com to find out more information and become a better informed investor. Be one of the few that take advantage of this real estate market to increase your financial position.
If you are in the Phoenix area and would like to work with an Investing REALTOR contact me at Tips@RealMarketPros.com
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