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Frequently Asked Questions...

AZCondoFinder.com

Some top questions from our clients...

1. Can I afford to Purchase, I am a First Time Home Buyer?
Get your paperwork together, Grab your paystubs (1 months worth, and last years w2's or 1099's if your self employed). Figure out home much reserves you have available(savings account, checking, stocks, 401K, mutual funds, etc..) Get a Tri-Merge Credit report with your fico scores from equifax here( *this is ideal because it does not hurt your scores or inquiry status in anyway to see your credit report and fico scores). Give us a call and a specialist will be able to assist you with your options. A Good Rule of thumb is if you have at least 2 years credit history, a good amount of on time payments, and a job for 2 years, you can purchase today!

2. What if I have Bad Credit, can I still buy?
Today lender's have come up with creative financing options. Anyone can purchase today. In the worst case scenarios such as foreclosures on your credit report, it is a matter of having the right amount of money to put down on your purchase.

3. I just had my Chapter 7 BK Discharged, what can I do?
Again, Lenders have come up with creative financing. There are now loans for people who are 1 day out of a Chapter 7 BK (* 1 day from your discharge date)

3. How do I get into Real Estate Investing?
We are here to discuss your situation and how you can get into Investing in Real Estate. Of all the wealthy people in the world, a Vast majority of them have accomplished their wealth through real estate. Contact us today and we will help you create an outline and goals in achieving your financial dreams.

4. If I have one Investment Property, can I purchase another?
There are multiple ways about owning multiple properties. We have helped investors create real estate portfolios that contain hundreds of properties. Contact us today for more info.

5. Is Real Estate Investing Safe?
Investing in anything is never 100% Safe. The goal is to make educated financial investing decisions to limit the risk. Real Estate has always been one of the safest investments to be made that actually pay you a solid rate of return.

6. I see all over the news the housing bubble has burst and the market is going down. Is this true?
This is the news industry looking for a news story. It's their job. What is the truth? In Arizona we have seen exceptional growth.. growth that is beyond imagination. 50-70% Increase in values over a year period for 2 solid years is unheard of. Arizona is now returning to a more Normal growth level. Predictions are still estimating 5-10% appreciation in Arizona and sometimes more in certain areas. There are a lot of variables that come into play to determine a good growth area. Arizona has a majority of them all. Room for growth, Great Weather, Great Jobs, Great Economy, Great School Systems, and Great support from large companies. Contact us for more regarding your questions on this subject.

7.Why should I invest in a condo rather than a house?

Our Investors invest in both condo's and houses. We invest in both. Why do we choose a condo over a house first? The biggest advantage is condo communties are just that; A Community! There are pools, club houses, gyms and more available. Most rental houses do not have these, if they do the rents are out most renters budgest. Another important aspect is the outside is kept up by an HOA. You do not have to worry about your renter trashing or letting your properties appearance decrease. The outside of the unit is fully maintained by the HOA.. its a deffinite plus. especially for the new investor. These are just some of the pro's of investing with condo's.

Contact us today and we can help you decide what is best for your situation.

Questions? Email us at info@azcondofinder.com