Real Estate News and Auction

Rates at all time lows stop whinning about the fees ..The goverement  has given away more money to help ......now your turn

Success as a property manager begins with managing tenants effectively. Here are some great tenant management tips to try out today.

Think you want to buy cheap property? It’s very tempting. But is it actually a good idea? Let’s run some numbers and find out.

The national median home price rose 8.2% year over year to an all-time high of $323,800 in July, as low rates drove a spike in early homebuyer demand.

Millennials are now the largest generation, and their homebuying years are underway, but they are behind the eigh

What is a real estate property class, and in which one should you invest your money? Build wealth by expanding your portfolio—learn more here.

Millions of American homes could become unsellable – or could be sold at significant losses to their senior-citizen owners – between now and 2040.

Pressure on appraisal turn times are having a profound effect on the conflict of appraisal reports vs what the market believes the home is worth.

How can you succeed with the rental property investment strategy? Read this guide to understand all the basics you must know before investing in rentals.

Even with a down economy, construction around Arizona continues to go up.

Arizona bucks the national trend of slowed construction activity. Of the top 20 most populous metropolitan areas in the country, Phoenix was the only one that saw construction starts increase over last year, according to a July report from Dodge Data and Analytics.

"Ironically, construction's hitting on virtually all cylinders," said Dennis Hoffman, director of the L. William Seidman Research Institute at Arizona State University.

Most construction work is done on contract, and Hoffman said those contracts were signed well before the virus arrived. Gov. Doug Ducey declared construction essential in the spring, so the industry wasn't hindered by lockdown orders. While most of the economy was down in the second quarter, contracting revenue was up 20% from last year, he said.

Much of Arizona's resilience is the result of several big projects all breaking ground or continuing construction this year. Over 1,700 housing units are under construction in Tucson, with another 1,342 planned, according to a July report from ABI Multifamily, a Phoenix-based real estate brokerage and research firm.

Despite the relative stability, an AZPM analysis found over 1,500 construction companies in Arizona received of federal coronavirus relief in the form of the Paycheck Protection Program — more than an other industry group.

What is the “right” source for you to study? Where do you find the best real estate knowledge? Let’s explore several of the most common learning methods you can use to obtain knowledge about the particular real estate niche you want to focus on.

Listen / Share / Download Listen Watch https://youtu.be/hPREejqWGXo Show Notes Paul Lizell has been buying houses nationwide and coaching for years.  He knows this industry inside and out.  In this episode, Paul shares his incredibly creative auction website buying strategy.  He also sh

This is part one of a three-part video series that makes up the 2020 AZRE Forum, the annual mid-year market report that looks at the factors that are driving the Phoenix economy and commercial real estate industry.

Step 1: Consult with your tax advisor for a 1031 tax exchange

Step 2: The Agreement
Contact an 1031 exchange intermediary to reserve an account number to use on all the exchange documents. The owner of the property ("the Owner") should complete both an Exchange Agreement and a Qualified Exchange Trust Agreement.

Step 3: Assigning the Sold Property Contract
The Owner assigns rights but not obligations under the Sale Contract to a Qualified Intermediary and provides notice of the assignment to the Buyer. At the closing, title for the sold property is transferred directly from the Owner to the Buyer (known as direct deeding). A copy of the completed Assignment of sold property Contract and a copy of the Sale Contract should be sent to your intermediary.

Step 4: Net Proceeds
Net proceeds from the sale must be payable to the Qualified Intermediary. Payment may be in the form of a check payable to them or a wire transfer. It is important that the Owner never have actual or constructive receipt of the funds from the sale. Once proceeds are received by them, they are invested for the benefit of the Owner.

Within 45 days following the sale and transfer of the sold property:

Step 5: Identifying Replacement Property
The Owner completes the Identification of Replacement Property form. Replacement property must be specifically and unambiguously identified. For real estate, this could be a valid street address or a legal description. Identification requirements for personal property may vary depending on the item, but make, model and year are usually sufficient. Delivery of the Notice to the intermediary may be by hand, fax, mail, or over-night courier and must be postmarked by or received by 11:59 p.m. on the 45th day. Prior to midnight on the 45th day, the Identification may be amended or revoked, but after the 45th day, no changes in the Identification will be accepted.

Within 180 days following the sale and transfer of the sold property:

Step 6: Assigning the Replacement Property Contract
The Owner assigns rights but not obligations under the Purchase Contract to the Qualified Intermediary and provides notice of the assignment to the Seller. A copy of the completed Assignment of Replacement Property Contract and a copy of the Purchase Contract should be sent to the intermediary.

Step 7: Disbursements
Owner sends a Direction to Disburse Funds from the Exchange Account. Funds are made payable to the Seller of the Replacement Property or to the Seller’s agent. At the closing, title to the replacement property is transferred directly from the Seller to the Owner (direct deeding).

You can always check out what the IRS says about 1031 Exchanges prior to entering into a 1031 Exchang

In today's episode, Thach shares the lessons he learned during the Great Recession, his criteria for buying a "perfec