Phoenix Arizona Real Estate Blog | By Tenet Realty » For Buyers http://tonydrakerealestate.com Your site for everything related to finding real estate in and around Phoenix, Arizona. This Blog offers advice on everything from buying and selling your home to finding the right mortgage. Fri, 04 Jul 2008 06:45:39 +0000 http://wordpress.org/?v=2.3.2 en Assessing Your Readiness to Invest in Foreclosures http://tonydrakerealestate.com/assessing-your-readiness-to-invest-in-foreclosures/ http://tonydrakerealestate.com/assessing-your-readiness-to-invest-in-foreclosures/#comments Sat, 28 Jun 2008 02:19:24 +0000 Tony Drake real estate in arizona|buckeye arizona|real estate|realestate for sell arizona|custom homes|acre lots arizona|moutain views|Verrado|Tartesso|Sundance|arizona realtor|first time homebuyer|luxury homes|horse rights|vaction homes arizona|tolleson arizona|tol http://tonydrakerealestate.com/assessing-your-readiness-to-invest-in-foreclosures/  by Ralph RobertsNot everyone is cut out to invest in foreclosures. Some people would rather watch TV, invest in stocks and bonds, spend time with family members, or hang out with their friends. Others have a low risk tolerance and can’t convince themselves to borrow money. Do you have what it takes to successfully buy, fix, and sell foreclosure properties for a profit? The following list describes the bare essentials: Sticktoitism. That’s a word I use to describe a combination of the determination and hard work required to overcome adversity. When you’re flipping houses, you have plenty of adversity. Time: If you can scrape together enough spare time to go house hunting, supervise repairs and renovations, and consult with a real estate agent, you have all the time you need. Many of the most successful investors are weekend warriors, devoting their evenings and weekends to the pursuit of profitable flipping. Money: You don’t need to be rich to buy and sell foreclosure properties, but you do need to be able to get a loan. You can finance your investments in several ways — by using your own cash and the equity in your home, borrowing from friends and family members, or getting a loan from a private lender. Talk to a mortgage broker in your area. Guts and gusto:Guts and gusto combine to create the perfect personality for a real estate investor. You need guts to purchase a house with tens to hundreds of thousands of someone else’s dollars in the belief that you can sell it for substantially more in a few weeks or months. A certain amount of gusto is also required to generate the energy and perseverance required to turn trash into treasure. Family: When a spouse and children are involved, everyone has to sacrifice family time and other indulgences to contribute their fair share to the venture. Families who work well together can make an investment property a family project that draws them closer together. If family members are already a little testy, however, the stress and sacrifice can drive them apart. Tools: You don’t need a truckload of power tools to flip houses, unless you plan on doing most of the repairs and renovations yourself. A pen, a pad of paper, a calculator, reliable transportation, and a cell phone are the only tools you really need. Tip: Don’t get hung up on what you don’t have, just be honest about it. Do what you’re good at and hire out the rest … or get a friend to help. For additional tips and tricks about investing in real estate, Please give  Nawkishu “Tony” Drake a call to discuss your needs.

Share This - Instructions included ]]> http://tonydrakerealestate.com/assessing-your-readiness-to-invest-in-foreclosures/feed/ New FHA Loan Limits http://tonydrakerealestate.com/new-fha-loan-limits/ http://tonydrakerealestate.com/new-fha-loan-limits/#comments Thu, 06 Mar 2008 23:51:42 +0000 Tony Drake http://wearedebtfree.com/new-fha-loan-limits/ (more…)

Share This - Instructions included ]]> http://tonydrakerealestate.com/new-fha-loan-limits/feed/ Are you buying or selling a house? Together, we can get it done. http://tonydrakerealestate.com/buying-selling-together-we-can-get-it-done/ http://tonydrakerealestate.com/buying-selling-together-we-can-get-it-done/#comments Tue, 26 Feb 2008 18:30:02 +0000 Tony Drake http://wearedebtfree.com/buying-selling-together-we-can-get-it-done/ Buying a Home? I’ll take the time to listen to your needs and desires, and find your dream home. Your total satisfaction is my number one priority.
Selling a Home? I will get your home sold for top dollar and in a timely manner. My online and offline marketing programs will give you the edge you need to sell your home. I don’t want to just list your home, I want to sell it! Fast!

Relocating to the Phoenix, Arizona Area? If you are moving to my area, I can assist you in collecting the information you need, and make your transition as smooth as possible. Feel free to contact me for home finding assistance and area information.

I have built a reputation for client satisfaction, and I am devoted to making your move as easy as possible. You will have the added benefit of working with an agent who understands your needs when buying, selling, or relocating in the Phoenix and the Valley area. Finding the right home is only the beginning. I will assist you every step of the way to ensure smooth sailing. Thank you for visiting my site. Please bookmark it, and visit it often. I look forward to hearing from you.

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