168377 Resource 164804 165387 165387 1178660204487 1181079522578 Controlled Why Invest in Real Estate in Scottsdale and Phoenix, AZ

The reason to Invest in Greater Phoenix Real Estate

In a recent study by Citi Smith Barney discusses how the upper class say real estate is a good investment and I, <a title="Contact Artur" href="http://www.arturciesielski.com/contact2.asp?id_agents=350" target="_blank">Artur,</a> tend to agree that it is good, despite the slowing market even in the Phoenix Area.  You have to keep in mind that investing is a longer term proposition measured in years not months.  Speculators measure success in months but the risks are higher as well.  Just look at the many vacant homes that are for sale that buyers got stuck with either waiting too long to sell or buying too late.  There is nothing wrong with being a speculator, you can make a lot of money that way, but its more risky. It takes time and lots of effort.  You can also do fix-ups but that entails a lot of work with organizing workers, etc. and it may not pay off if you consider your time.  Being an investor means looking at the longer term.  And, in the long term real estate in Phoenix and Scottsdale and the surrounding areas has increased in value at a very steady pace. Citi Smith Barney says, "...over half of millionaires and 40% of affluent investors, those with $100,000 in assets excluding real estate and employer retirement plans, or approximately 25% of the U.S. population, surveyed believe that real estate is a good investments." About 67% of Americans own a homes and 10% own second homes. "But among the wealthy, nine out of ten own some sort of real estate investment accounting for one-third of their portfolio and (this is important) most (52%) report that despite a softening housing market (or because of it in some cases, said Artur), their real estate investments have increased over the last year.  There are more benefits to owning Arizona real estate then simple increases in value.  There are tax benefits which you can discuss with your CPA, such as depreciation or mortgage interest write off.  Also in many cases, depending on the type of real estate, the tenants, whether in apartments, offices, or retail, pay for all you costs and mortgages, leaving your with some kind of positive cash flow.  This cash flow is passive income and in most cases taxed differently than regular income. Investments in real estate, especially south of the I-40 running east west will be good long term investments due to the <a href="item/167659">population shift</a> to these select areas like Phoenix MSA and Arizona in general.  Housing prices have gone up, pushing many people to renting and pushing <a href="item/167833">rents up</a> as demand increases and supply decreases due to the condo conversions and increasing population of Greater Phoenix.  Investing in real estate most likely won't get you rich quick as many promise but a well planned out strategy can increase your net worth and create security for your future.  You can also use real estate to create funds for your children's university education or your retirement. We'll go more into detail about these strategies in a separate article. 10 application/xml false Arizona population growth create wealth fix and flip houses in phoenix long term real estate trends in phoenix Arizona saving for college south of I-14 tax benefits of real estate the rich and real estate why invest in phoenix real estate why invest in real estate Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; Tablet PC 1.7; .NET CLR 1.0.3705; .NET CLR 1.1.4322; .NET CLR 2.0.50727) 127.0.0.1 127.0.0.1 aciesielski false true false false true 176502 false false true false false false true 164804 blog blogsite/ArturCiesielski/web