Greater Phoenix Real Estate Video Blog with Jason Penrose

Showing posts with label educational tips. Show all posts

Setting Up a Passive Income Stream By Investing in Retirees

If you’re worried about your passive monthly income after you retire, I have a way to solve this problem.

Looking to sell your Home? Get a FREE home value report

Looking to buy a Home? Search all homes for sale

I’ve had clients approach me lately because they were worried about their passive monthly income.

How would they retire? How would they collect the monthly income without a pension? These people didn’t trust their 401(k)s or the stock market, and they wanted to know how they were going to produce monthly income.

“

My client has a passive income stream of $4,800 a month.

”

I have good news—a client of mine recently found a way to ensure their financial security. They purchased two fourplex units (eight apartment doors, total) in a community of people who were all 55 years of age or older. This means the rent collected from tenants comes from social security checks. My client is now collecting eight social security checks a month through rent. This equates to a passive income stream of $4,800 per month on that rental property.

Here’s the beauty of this situation: if the stock market crashes, so what? People still need a place to live. If property values go up, then that’s good for the investor. If they go down, it doesn’t matter because they’re still collecting rent. They'll be able to adjust rent with inflation as well.

If you’re thinking about owning rental property or have any questions about buying income-producing assets, give me a call or send me an email. I look forward to hearing from you soon.

Should You Consider Investing in Apartments?

Many people choose to invest their money in banks or stocks, but we’ve been seeing a new trend as of late.

Looking to sell your Home? Get a FREE home value report

Looking to buy a Home? Search all homes for sale

We are starting to notice more and more people investing their money in apartments, for a few reasons. Demographics are changing here in the U.S. and a lot more people are renting than they have in the past. A lot of that has to do with millennials who are strapped with college debt and renting longer because of it. This has created quite the demand for rental housing.

Many people are putting money into multi-family housing like duplexes, triplexes, fourplexes, or going commercial with five units or more. Investors are getting anywhere from a 6% to 8% cap rate on their investment, which is a lot better than you would do in the banks, and much less risky than the stock market.

“

There’s quite a demand for rental housing.

”

When you invest in commercial real estate property, you’re letting the tenant pay off the mortgage in the long run, all while taking advantage of certain tax benefits. You are leveraging other people’s money in order to pay off your retirement with passive income.

Of course, you should consult with your financial advisor or tax professional prior to making a decision, but I personally use real estate in my portfolio and think it’s a great investment.

If you have any questions or are curious about what it’s like to own investment real estate, give us a call or send us an email. We would love to hear from you!

What Can You Expect from the Arizona Market in the Months Ahead?

There are many great homes for sale in the Greater Phoenix Metropolitan area. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (480) 596-2900 for a FREE home buying or selling consultation to answer any of your real estate questions.
As you can imagine, we've had a lot of people in the Phoenix area over the last 30 days. This town has been very crowded, and a lot of money has flowed into our state due to the Super Bowl, the Waste Management Open, and Barrett Jackson, which has been fantastic. Today, we want to give you a quick recap of the last month in real estate, so you know what to expect moving forward.

In January, 10,438 homes were put on the market, which is down 679 homes over January of 2014. There were 25,996 active listings last month, as compared to the 27,137 homes that were on the market in 2014. We also sold fewer homes this January when compared to last year, as only 4,779 homes were sold last month, which is down from 4,816 at this time last year. On the inventory side of things, we've seen a slight increase, as we currently have 5.44 months worth, which is down from 5.63 months last year.

What do all these numbers mean for our market? Well, the changes we've seen are pretty negligible. Our market is actually doing slightly better this year than it was at this time last year because we have fewer homes coming onto the market and have only seen a slight dip in sales. Sellers aren't listing their homes like they did last year, as many of them are holding firmer on prices, which is actually shoring up the market and stabilizing home prices across the board.

To see the in-depth numbers on what's happening in our market, click on the graphs below:

If you would like to know the specific market conditions in your neighborhood, don't hesitate to reach out to me via phone or email. I look forward to hearing from you soon!

Check out our all-new redesigned website

There are many great homes for sale in Greater Phoenix Metropolitan. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (480) 596-2900 for a FREE home buying or selling consultation to answer any of your real estate questions.

Check out our all-new redesigned website

The internet has come a long way in the past 20 years, and website designs are getting better by the day. We wanted to take the opportunity to tell you about our brand new website that has just launched. It is an amazing site with an innovative user interface. We listened to your feedback and redesigned our entire website. Here are just a few of its new features:

A customized home search
The ability to save your home search for later use
Automatic notifications you can set up for new properties coming on the market, price reductions, and homes coming back on to the market.
An instantaneous home valuation
A neighborhood tracker, so you can track what the people in your area are selling their homes for so you will know when the right time is to put your home on the market

This website has been designed for you to be able to use it 24/7 to look and search for any home you want to see. Please feel free to share this website with anyone you think it might be of use to. This is a mobile optimized site that is very user friendly and we think that you will love it!

If you would like to check out the new site, click here.

If you have any questions about the site, please give us a call. We would be happy to help in any way we can!

Subscribe to: Posts ( Atom )

See what our raving fans are saying about The Penrose Team!

Click to hear recent
testimonials from happy clients

Dave - "Jason’s entire team was very professional in how they treated their clients and they responded very well."

Bonnie - "Jason has a lot of tools he uses and he has good people that work hard for him."

Mike - "Jason furnishes a lot of statistics which real help, I’ve never gotten those kinds of numbers from anyone else and I really appreciated that."

Sue - "The Penrose Team did a good job for me. I got a lot of money for the first house they sold for me. It was much more than all the other Realtors had said I could get for it, which we were very happy about. They just advertise better and have a wide advertising area. They are good team and would do a good job for you, hire them!"

Tracy - "Jason really follows through with his work. He brought me the results I needed and he was definitely a go-getter. He gets the job done faster because of his sales ability and marketing strategy. I would highly recommend working with him!"

Douglas - "Real estate is Jason’s career. He is driven and very professional. He is honest, has integrity, and won’t steer you wrong. When you hire Jason, you’re using a great resource to get the job done."

Brad - "Jason’s method of doing business is incredibly efficient. He follows through on what he says he’s going to do and he always kept in touch. Jason is good at what he does and you’ll be happy working with him."

Brenda - "The Penrose Team was just always there for us and kept us up to date with the whole process. We weren’t actually the ones that purchased the home, my in-laws did but they included us in everything which was awesome. They were just absolutely wonderful and if we ever needed anything, they were there to answer."

Amanda - "We had very positive results when we worked with the Penrose team especially when it came to the negotiations for the contract. We had some things to go over about the roof and Christin really took that at hand and worked with the sellers to make sure that we were getting the best possible outcome. They really took care of us!"

Bill - "They were able to sell our home in pretty difficult circumstances. We had some terrible construction in front of our house, there were a lot of pigeons and their droppings, and the HOA wasn’t keeping up the property as well as they should have. When people were complaining about the droppings, they dispatched someone out to the house to tidy it up and they just kept going until they found a buyer for us. The whole experience was just great all the way around."

John - "They are absolutely phenomenal. I have nothing but positive things to say about the service I received. Nicole, Christin, and Jason were just really exceptional to work with and they all went above and beyond to help us."

Keith - "They always kept me abreast of everything that was transpiring with the transaction, especially once the contract came about. They did a very nice job of representing my position to the seller’s agent."

Brittany - "I was not kept in the loop with my previous real estate transaction so I really appreciated Jason touching base with me when anything changed and making weekly calls to ensure I was kept up to date. My house sold quickly and it was just a really good experience."

Linda -"We had a previous real estate person who had the house for five months. There were no offers or anything. Jason and his team came in, took pictures, put it up on the MLS, and sold the house within a week for the full asking price. The girls in the office were very helpful. The buyer had neglected to mention that he was married, so they had to overnight a form for his wife to sign. They kept me updated throughout, and they were right on top of it the whole time!"

Cathi -"I want to thank Jason and his team for getting us through this transaction and selling our house! The last several months have been crazy, and we finally got the deal done. It would not have happened without Jason and his entire team, particularly Nicole. She has been my partner every step of the way. She's awesome. She was right on top of things and put up with my constant questions, which we really appreciated. At times it didn't feel like this transaction would be successful, and thanks to them it was!"