One of the biggest mistakes an investor can make is not researching the location of a property before starting a fix and flip or using the home as a rental. It’s important to look at the geographical location to determine if it’s going to be desirable for a potential buyer or renter.
Your Arizona Hard Money Loan is going to help you repair and upgrade the property, but it’s not going to be able to fix where it is. You can have the most beautiful home in the neighborhood but if it’s not a neighborhood that people want to live you’re going to have a hard time selling or renting.
Here are some things you should research about the location before applying for your Arizona Hard Money Loan:
Many people rely on public transportation to get to work, school, to shop, and get around the city. Is the home close to a bus stop? Can they easily get to the light rail for their commute? These are important factors to consider.
Phoenix is home to some large companies that draw employees to move to the valley from all over the country. Finding a home with a short commute to some of those employers is ideal when it comes to attracting a buyer or renter.
Another thing that renters and buyers look for is how they’ll be spending their free time. Phoenix has plenty of opportunity for sporting events such as Spring Training, football, basketball, and major league baseball. The areas around the arenas usually have great shopping and restaurants so that makes them desirable areas. Downtown Phoenix has a huge list of top restaurants as well. That makes it top contender for favorite valley areas for buyers and renters.
Considering each of these things will help you find a great property in a great location that will be sure to sell or rent quickly!
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis Dahlberg Broker/RI/CEO
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave | Austin | Texas | 78701
About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.