Steps for investing in Phoenix real estate (continued):

2) Contact Valle del Sol Real Estate. Did we mention that we have the best-prepared investor-oriented team of real estate professionals in the Valley of the Sun? No? Well, we do! Our Investment Property Specialists are the most knowledgeable, most capable and most thorough when dealing with investment property in the Phoenix real estate market. Tell us about your goals and the investment strategy or strategies you are considering. We will assist you every step of the way.

Do you want some free advice? Well, after the presentation of the different strategies we did in the previous page, we asked one of our Investment Property Specialists: "So, what is the best strategy?" His advice: "ALL OF THEM!" Yes, we advocate that in order to be successful in the long run and avoid suffering a great loss during a market downturn, your portfolio should have all of the properties and implement all the strategies mentioned before. However, if you ask, "What is the best strategy for me?", that is a tougher question. It depends on what makes you feel comfortable and what does not. We want you to be able to sleep at night and have sweet dreams about your retirement. To address this tougher question, Your Investment Property Specialist from Valle del Sol Real Estate.com will need to know more details about you, your preferences, your goals and your resources. That is why, you must contact us today! It is the only way you will find the answers you have been looking for!

3) Interview mortgage brokers. Valle del Sol Real Estate will offer some advice to choose your mortgage professional, if you do not have your own. This step also involves knowing your financial readiness. This means answering the following questions, among others:

• How much money can you afford to put towards the offer (earnest money) on your income property?
• How large of a down-payment can you afford?
• How much of a debt obligation are you prepared to undertake? What is the maximum that you will be able to borrow?
• How is your credit rating?
• What is your net monthly payment comfort level? Set a maximum dollar amount and do not exceed this threshold when searching for properties.
• Are you aware of the different loan products available on the market today?

An important aspect that is sometimes missed by most new investors is the need for a reserve. You must have a cash reserve that allows you to cover for vacancies and other potential hindrances, as well as unforeseen events such as costly repairs and non-paying tenants.

Once you find a lender of your liking, they will provide you, upon your request, with a Loan Status Report (LSR). This is the document that states how much money you have been preapproved for borrowing. Armed with this document and the information provided by your investment property specialist, you are now ready for the next step.

4) Find the property that fits your investment style. Whether it is undervalued property for a quick flip, a rehabber house or a long-time rental, and whether you want high appreciation or cash flow or something in between, our investment property specialists from Valle del Sol Real Estate.com WILL find these properties for you. We will assign one of our specialists to you. That way, they will come to learn your preferred investment strategy or strategies, your comfort zone, your preferred areas and all the characteristics of your particular style. You will always work with the same Investment Property Specialist (unless you request otherwise), so that they can better serve you. Valle del Sol Real Estate is committed to your success. After all, our success is just a by-product of YOUR SUCCESS!

5) Purchase your investment property and implement your investment strategy. Once Valle del Sol Real Estate assists you in finding THE property that fits your requirements, it is time to purchase it and set the wheels in motion. If you buy a rehabber, you should (before you close on the property) have already contacted a contractor and made sure they will be available when you need them and able to complete the work within the time frame you require. If you buy a vacant unit with intention to rent it, you could (before you close on the property) start looking for and screening tenants. These and many other tips for your success will be provided to you at every step of the way by your Investment Property Specialist from Valle del Sol Real Estate.com.

Keep in mind that these are just the basics, but they demonstrate that the process to invest in Phoenix real estate is not too complicated when you have Valle del Sol Real Estate on your team. What is more, with your Investment Property Specialist from Valle del Sol Real Estate.com advising you all the way through this process you are virtually guaranteed success in your investment goals.

To find out more about real estate investing in Phoenix, Chandler, Mesa, Tempe, Ahwatukee, Gilbert, Scottsdale, Maricopa or anywhere else in the Valley of the Sun you MUST contact us now and get Valle del Sol Real Estate on your team.

For more information about the buying and selling of real estate in the Phoenix metropolitan area, please visit our Buyers and Sellers sections. Or you are welcome to explore all the additional areas we have prepared for you. Welcome to Valle del Sol!