Buying investment property in Ahwatukee
If you are considering buying investment property in Ahwatukee you may want to look at a great opportunity now available to buy a new home in Rosewood Village at the Foothills. This is a new community adjacent to Mountain Park Ranch in the Ahwatukee Foothills. This development is now offering their models for sale with a lease back to the builder for 15 months while the models are used to showcase their homes. This gated community with a clubhouse and pool in the heart of Ahwatukee is a great opportunity to buy a new home for investment purposes. If you are considering other areas in Ahwatukee, click on the link to check on available homes in the area.
What a great opportunity to buy a new build, have a built-in rental agreement for 15 months ( or perhaps longer) and when the lease expires you have a new, never lived in home for resale or rent or even move into yourself. There are many costs covered by the builder as part of the lleaseback such as all utilities, property taxes, renters insurance, HOA fees during the lease term. How many times can you have a rental home with no worries? With the leaseback option that’s exactly what you have.
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Another beauty of purchasing a model home is that the house you bought is upgraded by the builder to showcase the workmanship and builder options to buyers who walk through the model homes to see the floor plans and finishes available to them if they choose to purchase a home in the community. So the home you buy has great resale potential since it is highly upgraded.
With most rentals, you have to conduct background and credit check to make sure you have a tenant who is in good standing and will pay the rent. With the builder as the tenant the owner can feel confident the rent check will show up every month and on time and if repairs are needed will have the resources and desire to keep the house in great shape. At the end of the lease, a model perfect home is yours!
Have you thought about investing in real estate using your IRA or 401K funds? Did you know you could purchase a home, such as any of the model homes, with your retirement money (no out of pocket expense to you personally) and have the equity you gain remain in your retirement account? This would be a self-directed IRA account. Wise investors are looking to diversify their retirement income potential. A self-directed IRA investing in real estate may be just the tool for you. To find out more about how I can help you purchase an investment property in Ahwatukee or other communities using your Retirement funds give me a call or send me a note if this interests you through the following link to my email.
Shirley Coomer, Keller Williams Realty Sonoran Living. 602.770.0643, firstname.lastname@example.org