Investment Property Experts Question & Answer with
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by Stephanie B. Mojica
ith significant appreciation since 2010, Phoenix remains one of the strongest real estate markets in the country thanks to an influx of newcomers moving in from around the country in lure of Daniel Butterfield warmer climates and stronger job markets. To get the latest pulse on Phoenix real estate, we interviewed Daniel Butterfield, owner of IPX (Investment Property Experts). He has been investing locally for fifteen years and gave us great insight on this important market. Question: Tell us some highlights about the market. What has changed since last year? Answer: The market has changed significantly. Since the market in Phoenix has increased 44% (Monthly median sales price in Maricopa county per the Cromford Report) and inventory levels are at an all-time low, many of our purchases are coming from pre-foreclosures with equity opposed to short sales or lender-owned property. In addition, there has been a huge increase in traditional sales.
was to obtain tax write-offs to reduce my W-2 taxable income from my day job as a consultant for Andresen Consulting (Accenture). Since then I made substantial money in real estate and turned my real estate investing activities into my full-time job with my focus being helping other investors obtain the same goals I have personally created using my existing infrastructure of real estate professionals and service providers.
Q: What makes your company unique in the marketplace? A: Our company is the only company that offers turn-key real estate investment services to investors, which allows them to purchase renovated and occupied properties that cash flow. In addition, we also help investors roll over their retirement accounts, obtain conventional financing as well as lease and manage their investment properties. Finally we are able to help our clients also sell their investment properties when the time is right so they can capitalize on the appreciation in the market place, then re-invest their money again if they want. We also offer alternatives to traditional real estate investing, such as Deed of Trust Investing where you can earn a constant 12% annual return on your money while invested in a Deed of Trust.
Q: What type of opportunities are you seeing now? A: We are in a seller’s market, however we are still able to find great cash flow investment property, as long as we buy properties in distress in high demand areas and do the remodel ourselves. This is precisely the value we are able to offer our investor clients. Q: What is the best part of being an investor in your area? A: Cash flow real estate still exists and appreciation is constantly growing. For a very modest investment you can purchase an investment property, have your tenant pay-off your investment property, obtain a great cash-on-cash return, qualify for numerous tax write-offs, sell your property for a profit all while hedging against inflation and increased taxes. Q: Currently, how is the rental market doing? A: The rental market is solid and consistent. It is not growing but definitely not decreasing. We are starting to see more renters buy properties, which is good for investors as this creates higher demand and appreciation for starter home investment properties. Q: When did you start your investment career and how? A: I started investing in real estate 15 years ago, my objective Realty411Guide.com
Q: Tell us why investors should investigate your market? A: The Phoenix Metro market has the perfect balance when it comes to an attractive real estate investment: Cash flow along with an appreciating marketplace. Phoenix has been ranked in the top 20 cities across the nation for many months and will continue to be one of the best places to invest for a minimum of two more years due our economic growth. Q: Can you give our readers some sound advice that can help them in their investment careers? A: Work with professionals who have proven track record. Don’t try to do it all yourself in this marketplace. Watch out for “new” investment groups and agents who lack the investment experience to help you achieve your investment goals. To schedule a complimentary investment consultation with IPX, visit: www.ipxcompanies.com or call 602-254-6244.
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