30 Oct 08 New Website…
Tags: Brewer Caldwell
28 May 08 Now is the time to buy.
The saavy investors know that now is the time to buy investment real estate. Never in history has there been a time when prices have lowered and interest rates are low. Mortgage interest rates are still very low, for anyone who remembers when interest rates were in the double digits you know that is true. Unfortunately, many of us have a short memory and have been spoiled by low interest rates for a few years now. If you wait until the real estate market hits “bottom” or you are trying to figure out just where the bottom is, you may turn a fantastic deal into a good or average deal. Even if prices do continue to drop (by the way some areas of Maricopa County have leveled off or are slowly turning around) the interest rate may be much higher when they do finally “hit bottom”. Here is an example of the numbers:
Loan Amount $125,000, 30 year, Interest 6.25% = Principal and Interest Payment of $769.65
Loan Amount $115,000, 30 year, Interest 8% = Principal and Interest Payment of $843.83
That is a difference of $74.18 a month. Who would like an extra $74 a month in positive cash flow? Many unsaavy investors that might be waiting on a lower price could be setting themselves up for future failure due to increased interest rates. Of course, I don’t have a crystal ball and no one knows what interest rates will be in the future. Many of the areas in Maricopa and Pinal Counties have homes that are already much lower that replacement costs. I guess it is possible that they may continue to go down in price but I doubt it can be much more. Good investors know that now is the perfect time to buy and hold for long term. Real estate prices will go up again. It may take a couple of years, but if you can buy it right now with low prices and low interest rates you can hold on to it for the long term. If you are interested in finding some of the homes that are below replacement cost please give me a call at 480-240-4773 or email me at Brewer Caldwell.
Thanks,
Bryant
Tags: Brewer Caldwell
26 Apr 07 April 25th Seminar
That was a great seminar Brewer Caldwell put on last night! We had a full house and learned from one of the best tax experts out there! Lets hear your thoughts!
Tags: Brewer Caldwell
07 Mar 07 Condo Conversions
I would like to get some feed back concerning condo conversions from Brewer Caldwell. Pros, cons, concerns or questions. This forum will basically be used to get that feed back from the seasoned investor or find out where that new hot spot is with condos. Their has been a lot of buzz lately about condos and I know that a lot of investors are currently looking into that possibility or have already taken the leap to purchasing one, myself being in that category. AZ is fairly new to this aspect of real estate investing and with everything that is new there is always that group that pioneers the way. In any case, what is your take?
Tags: Brewer Caldwell
05 Mar 07 Other Investing
Renting a house can be a challenge for the tenant and the landlord. It is nice to enjoy more living space, a private yard and the separation of its neighbors. Single family neighborhoods are generally safer and more pleasant apartment complex. If, indeed, living in a beautiful house is so wonderful, why do so many find tenants to be difficult and often damaging to experience rent a house? There are some basic rules to keep in mind to make your stay in someone else to take home a pleasant experience.
1. Remember, renting a home is much more process than renting an apartment. Your responsibilities are much bigger and your landlord is much less accessible and less willing to “take care of” small issues that seem to occur on a regular basis. Read and understand your lease and all additives in depth. Remember, renting a house is not like renting an apartment.
2. Whatever the circumstances, pay your rent on time. Always before paying the rent is due, not a few days later. Always pay the full amount, not a figure in promotion that you think is appropriate for any reason. The priorities are simple. Food and shelter are more important than your telephone bill, your large flat screen TV or a new iPod.
3. Never late payment of rent or pay less than the full rent because you “speak with someone at the office of Property Management” on the cost of a new sprinkler head or a new bulb . Pay your rent in full and on time is not a negotiation. The late fees are expensive and almost always preventable. If you wish to receive a credit for something, get the owner or his representative, the written agreement before removing it from your rent.
4. Home owners associations have been designed to remind residents to maintain their yards and homes correctly. They can be your friend or cost you dearly. Keep your garden, front and rear, very clean, free of weeds, well trimmed, watered and fertilized. Buy the tools you need to do the job correctly and easily. Do not let the plants die or you’ll replace them with your own money. Make sure the drip system is working properly. Notice when and how long it stays on. If the need to be adjusted, or to ask the management company for instructions on how to do it.
5. Keep inside your home clean and well maintained. Vacuum the carpet at least once a week and have them professionally cleaned when dirty or stained. Do not use bleach or harsh cleaning products to clean a spill. Replace the return air filter every month like clockwork. Do not do it, you will pay dearly in increased electricity bills and repair bills. Buy an inexpensive way to reach across the wind and buy packet filters or six 4-improvement store in the house. Keep appliances clean and well maintained. They are very expensive to repair and May and you end up paying the bill.
These five simple rules, if followed, will make your stay more pleasant and much less expensive. Your credit will be maintained or improved, your credibility and acceptability as a tenant will improve, and the next step towards home ownership will be much easier.
Stuart Hunter was a property management and consulting business for 30 years. He is currently part of the team in Brewer Caldwell Property Management Gilbert, Arizona.
Tags: Brewer Caldwell
05 Mar 07 Thanks Jared and Brewer Caldwell
Jared,
Thanks for your prompt response. It is great to be associated with professionals like you. I would like to thank you and Brewer Caldwell for your services, you were always there for us. I wish you the best in your new position Please be assured that I was very satisfied with your management. I hope in the future, I can have more business with you.
Sincerelly,
Belen Rua
Tags: Brewer Caldwell
