Astute investors are taking advantage of current real estate environment to purchase quality bank-owned homes in communities like Fountain Hills, Arizona. Indeed, you would have to go back several decades to find a more conducive environment for purchasing investment properties that offer the combination of low purchase price plus an active rental market with feasible rental income returns. Fountain Hills residents Emma and Gerry Morgan are two of those savvy investors taking advantage of the current inventory of bank-owned properties to build their future.
Emma “Aiqi” Morgan was always a go-getter, all the way back to her early years as a young woman in China. Now, she and Gerry are pursuing their American Dream by methodically acquiring bank-owned investment properties.
They are the prototypical investor…identifying great house deals in quality communities, investing their own labor to improve their acquisition. They carefully analyze the potential for income and appreciation. They plan for
long-term…this is part of their retirement program, and a legacy for their
daughter, Elaine.They are a great team. Emma is the motivation behind their home search, while Gerry provides the expertise needed to analyze the structural integrity of the home and to improve it, with experience gained from many years of investment property ownership and his years with the FAA servicing their flight location and radio systems. Together, they invest the elbow grease and painting talent as
Buying rental investment homes in Fountain Hills is an easy decision for Emma and Gerry. They live in and love Fountain Hills, a small community on the far northeastern reaches of Maricopa County, on the eastern slope of the McDowell Mountains with beautiful views of the nearby Superstition, Goldfield and Mazatzal Mountains. They, like others, enjoy the hometown feeling of the community which offers world-class amenities. Fountain Hills has broad appeal for families wanting a quality place to raise children. It’s also popular with second home, winter-visitors who want to enjoy the five incredible golf courses, outdoor recreation and small-town events that are the fabric of the social structure. It is this quality of life that also provides a great source of tenants for homes Gerry and Emma purchase.
Sonoran Lifestyle Real Estate in Fountain Hills was a good fit for Gerry and Emma. Agent Bruce Laessig regularly lists quality bank-owned properties for lender-clients, and Designated Broker Dori Wittrig offers the expertise needed to discover both the challenges and opportunities of purchasing bank-owned homes. Dori also provides a comprehensive Quarterly Market Report that helps her clients to analyze the marketplace and make educated, informed decisions. Later, Property Manager Dawn Woods then offers professional management
services to identify quality tenants that will be a good fit for owners like the Morgans. It is a formula that works well. For more information about the opportunities or to get a copy of the company’s Fountain Hills Quarterly Market Report, contact Dori Wittrig, Designated Broker of Sonoran Lifestyle Real Estate at 602-558-5901. Or, check out www.TheSonoranLifestyle.com.