Cucumber Cool In The Hot Phoenix Sun

According to Money Magazine’s recent Best Places to Live poll, the Phoenix area is home to one of America’s best small cities (Scottsdale) AND one of America’s best big cities (Mesa). Phoenix’ reputation as a prime real estate location began with retirees looking for an alternative to Florida. With over 300 days of sunshine every year, and a distinct lack of hurricanes, Phoenix real estate soon became some of the most in demand retirement property in the country. For some, 300 days of sunshine is pure heaven; for others, however, staying cool is a challenge. Well, I’m here to tell you that it is far easier to cool down in a hot place than it is to heat up in a cold one – especially if that hot place is Phoenix.

The first thing to know about Summer in Phoenix is that it DOES get hot – with temperatures around 100 degrees – in fact, it’s the hottest city in America. The second thing you should know is that, because the tourist season is in the winter, residents get great summer discounts for cool activities such as movies, art galleries, live theatre, museums, hotels and resorts, and golf! In fact, many Phoenix residents cannot WAIT for summer to roll around: not only have the winter tourist crowds thinned out, leaving ample space on the city’s many wonderful golf courses, but golf deals are among the lowest in the country! And there’s more, this is just the tip of the, um, icecube.

Perhaps it’s because museums are known to be cool and capacious that there are so many in Phoenix. From the Phoenix Police Museum, and the Living History Museum, to the Hoo-hoogam Ki Museum and the Arizona Doll and Toy Museum, it seems that Phoenix has a museum for every taste and every occasion. If the occasion is a hot day, remember, museums are BIG, with stone floors (cool!) and beautifully conditioned air. However, if museums don’t cut it (did I mention the Arizona Science Museum and the Hall of ‘Flame’ Firefighting Museum?), there is a way to cool down out in the sun.

If you are looking for a way to appease both the sun-worshippers and the shade-seekers, there are – believe it or not – many options in Phoenix. If you’re looking for quiet fun there’s no better place than one of Phoenix’s beautiful beaches (yes, I said beaches!); those looking for LOUD fun (equally as cool) will revel in the many water parks Phoenix has to offer. Beaches include Camelback Mountain – Echo Canyon Recreation Area (north of town, in Paradise Valley), Encanto Park (right in Phoenix), Vista del Camino Park (in Scottsdale) and Tempe Town Lake (in Tempe). Phoenix water parks include Castles and Coasters, Big Surf (Tempe), Mesa Golfland Sunsplash, and Waterworld Safari. In addition to all of these, many parks in and around Phoenix feature “splash pads” and “splash areas”. These are usually free and do not entail a big, day long excursion; more the sort of place you can just go and cool off.

If you are planning on moving to the Phoenix area, there are a couple of important ‘cooling factors’ to consider when looking for a home. Carpets, while cozy and comfy, are not cool; look for homes with tile, stone, or hardwood flooring. High ceilings help cool rooms by allowing more space for heat to dissipate. Also, heat rises, so the higher the ceiling, the higher the heat will be over your head. Finally, check the windows in the home: windows can help to heat homes, so check which direction the windows face, and remember that morning sun is cooler than afternoon sun.

Phoenix Mutual Fund vs Phoenix Annuity

Do you have a 401k, 403b, IRA or other investments?

Likely, you have your money tucked away in a myriad of mutual fund accounts, such as bonds, growth funds, aggressive growth funds, balanced funds, international funds and more.

As a mutual fund owner, you celebrate when the market goes up and wince and hold your breath when the market struggles and your account balance dwindles downward.

For some people, they are in mutual funds out of necessity.

Are YOU in mutual funds because:

1) You don’t know anywhere else to invest with the same potential return on investment

2) You know mutual funds can perform adequately but feel scared about the downside risk

3) That is the only option you are aware of for investing your money

4) You know you need a greater return than CD’s or savings accounts

What if you DID have other places to invest your money?

What if your money was safer elsewhere?

Have you ever considered an Equity Indexed Annuity (EIA) ?

Phoenix Mutual Funds OR Phoenix Annuity

Let’s compare Mutual Funds versus an Equity Indexed Annuity:

Mutual Funds – You earn 100% of the Gain. You also suffer 100% of the LOSSES

Equity Indexed Annuity – You earn a % of the Gain. You NEVER lose money.

An Equity Indexed Annuity has a “participation rate”. That means you and the insurance company share in the Gains of the fund. But, you are guaranteed never to lose principal. Matter of fact, at the end of each year even your Gains are locked in and never at risk as you move forward.

What is a Particpation Rate: Let’s say your EIA earns 10%. You would typically earn a percentage of the 10%, or around 8%. The insurance company receives the difference. IMPORTANT: the participation rate can vary from company to company, index to index. Verify exactly what your participation rate will be. Never assume it to be 80%

Would you be willing to share the profits with the insurance company if they guaranteed you would never lose money in down years?

Many people would.

Mutual Fund downside: if you lose money one year it might take you the next cycle to recover lost gains.

Not so in an EIA.

What is an Equity Indexed Annuity

Indexed means your money is invested in a specific index, such as the S & P 500 index, Russell 2000 index or something similar. It really is that simple.

You earn a % of the gains but never lose your principal. At the end of the year, even your gains are locked in.

There are advertisements on tv from major securities companies touting “short term” mutual fund returns, even as short as ONE quarterly return. Trust me – if you were not already in that particular fund, you missed out. If you stay in mutual funds try to stick with funds that have a long term track record, not short-term results.

As far as mutual funds, do not be swayed by advertisement touting short term gains.

An Equity Indexed Annuity takes out the guess work, the fear. The S & P 500, Russell 2000 and other indexes have long track records.

CONSIDER

In mutual funds you have to worry about being in the right “mix” of funds. Are you too aggressive, too conservative? You may have a couple good funds and a couple of dogs that pull the rest of your returns downward. What do you do??

THE BEST ADVICE

EMAIL ME FOR MORE INFORMATION ON AN EQUITY INDEXED ANNUITY at Insurance Phoenix

The EIA should be in addition to other investing. But consider balancing a part of your portfolio in an EIA, mutual funds, and an account that has liquid funds. Also know that EIA’s, like qualified accounts, have surrender penalties. Only invest money that you are sure will not be needed until retirement.

Buying Real Estate in Phoenix: Best Tips for Phoenix Market

The housing market of Phoenix is really hot for the past few months! With a price increase of nearly 35 percent from the last year, Phoenix has acquired number one spot in price appreciation as compared to the whole country. According to the Arizona Republic Valley Home Value Report, as many as 75 percent of the houses in Phoenix have shown an improvement in price and Santa Barbara California is the only city to get ahead of Phoenix in terms of price increase. Most of the economists agree that 2013 will be a potential year for any investors planning to invest in Phoenix. So, are you interested in purchasing property in Phoenix? Hold on, here are some important points that you should consider before getting in the real estate bubble again!

Picture from the Past: Why the real estate crash happened at all?

The property market crash in 2007 left the investors wondering and shocked with its after effects. But, if seen logically, there were a lot of reasons that fueled the crash of the real estate market. Starting with loose lending practices and the option to get 100 percent financing for the house. According to experts, loose lending practices were the biggest reason for the price appreciation and foreclosure crisis that followed in 2007 onwards. In addition to it, multiple cash back schemes were announced during this period which motivated buyers to get property in the first place.

But, the current boom observed in Phoenix market is out of different reasons and for the first time in last five years, we can say that this change will last for the years to come.

What fuelled the rise of the real estate market in 2012?

If we listen to the experts, declining foreclosure sales are one of the major propellants behind the rise of house prices in Phoenix. Resale of foreclosed and distressed properties accounted for 13 percent of the overall sale, hence allowing the median price to go up and increasing the overall price of houses throughout Phoenix. In addition to the fall in a foreclosure sale, Phoenix redevelopment has taken off nicely, attracting more investors towards the Phoenix estate market.

What can we expect from Phoenix real estate market in 2013?

This is a million dollar question for investors eyeing Phoenix real estate market in the years to come. The recent increase in prices is highly motivating although the prices are not as high as that of 2003, but the chances of improvement are quite bright in 2013. Further, the strong economy of Phoenix will help in sustaining this price appreciation in the years to come (although at lower rates). Phoenix has a lower unemployment rate as compared to most of the cities in the country and the increase in sale of house seems to be logical for now. For anyone looking to invest money in real estate, Phoenix is the perfect choice.

Investing in Real Estate – Foreclosures Allow You to Get More For Your Money

While going through foreclosure is tough on the property owner, in Phoenix you will find it the perfect opportunity to invest in real estate. If price is a real concern for you, recent economic woes make this a great time to get a bargain.

A reputable Arizona realtor can help you locate properties that suit your needs as well as your budget. Unfortunately, some homeowners feel that if they cannot keep their homes, they don’t want the bank to have it either. What this sometimes leads to is damage of the property. Some people feel that if they do some damage to the home, no one else will have it either.

However, reduced prices on real estate that fits this description allow you to get a steal. By doing a little work to the home, you can resell at a tremendous profit. One thing there is no shortage of in Phoenix is affordable properties!

Sometimes the disrepair of the homes is not a direct result of the owner purposely doing damage. Often times, if they could not afford the mortgage payment they could not afford to repair the roof or make other repairs that needed to be done. Many real estate properties in Phoenix make great investments, and you can find a wide variety in various states of disrepair. This shabbiness is one reason the price may be so low. Another reason may be that the lender simply wants to recoup their investment in the property, which is why they are often willing to take less than what the actual value of the property is worth.

Even though you may find foreclosed real estate that have varying degrees of damage, the repairs are often not costly to make. If you are looking for a beautiful home for your family or to simply invest in, many feel it is worth their time and energy to make as many of the repairs as possible themselves. This will also help you save money. When you consider that you may save tens of thousands or even hundreds of thousands of dollars on the real estate you choose, making a few repairs usually does not factor in to the decision too much.

Which would you rather do; spend $500,000 on an investment property or family home, or spend $350,000 and make a few repairs yourself? For most people, the answer is obvious. When you are ready to learn more about available foreclosure properties in the Phoenix area, contact an experienced and reputable Arizona realtor to help you find the perfect piece of real estate for you. It will be money very well spent.

Selling Your Home in Phoenix, Arizona When Facing Foreclosure

We all know that there has been a global recession, and that the American economy has been in free-fall since 2007. Unfortunately, for those of us that live in Phoenix, our local economy has suffered particularly badly. One of the consequences of the alarming depression in the housing markets is that house prices all over Phoenix have fallen sharply, and it looks like they will continue to do so for some time to come.

Every month, more and more homes are going into foreclosure. If you are a homeowner in Phoenix, and bought your home any time after 2006, it is very likely that your house is worth a lot less than what you paid for it.

Average house prices for Phoenix, Arizona dropped from around $270k in January 2007 to $129k in June 2009.

According to the latest 2009 statistics available, properties in the State of Arizona received 89,799 foreclosure filings in the first 6 months of 2009, a rise of 55% from the same period last year. This is the third highest state total in the US.

Depending on the amount of money you borrowed, it is also likely that your home is currently worth less than the amount you borrowed. This is commonly known as being upside down. This is certainly not a pleasant situation to be in. However, it could get much worse. In an ideal world, you will be in a position to sit out the depressed market, and wait for prices to rise again. At the end of the day, the primary purpose of a home is as a roof over your head.

But what happens if you really need to sell your home? There are a variety of reasons that a Phoenix homeowner who is upside down might have for selling their home in ranging from a new job away from Phoenix, to a relationship breakdown etc. Whatever the reason maybe, an upside down homeowner who needs to sell has a serious problem.

The problem you will have is that even if you are lucky enough to find an interested buyer in the first place, the selling price is going to be lower than the price you paid for the house. This means that you will sell the house at a loss. As if that were not bad enough in itself, the money you will receive from selling the house will not be enough to pay off the outstanding mortgage on the house.

This is not a good situation to be in. The thing to do is to consider what (if any options) you have. Here are a few that I can think of.

1. Hand the property back to the lender. You basically return the keys of the property to the lender, and cancel your mortgage. The problem with this is that after the lender sells the property, you could still end up owing money.

2. Get foreclosed. You stop the mortgage payments and prompt the lender to start foreclosure proceedings on the property. Not only is this emotionally destabilising, it will wreck havoc with your credit.

3. Do a short sale. You will have to agree with the lender to sell your home for less than the outstanding amount on the mortgage. If structured properly, everybody could end up a winner.

In Phoenix, AZ, Rideshare Programs Lead to Cheaper Car Insurance

Nothing in your car insurance policy in Phoenix, AZ is going to jump out at you and tell you how to make those premiums go down. But something that does jump out at you are those fluorescent flyers you’ve probably seen at your job-Rideshare Wanted. Have you ever considered replying to one of those flyers? It may seem like an inconvenience to ride with someone else to work. After all, everyone knows that getting a little me time in the car is one of the pleasures of driving-listening to your own music, having time to think, sipping your coffee and trying to wake up for work. Would you be willing to give a little bit of that up, though, if you knew it could save you a considerable amount of money on gas, car insurance, and car repairs?

With gas prices so unpredictable in Phoenix, AZ, many people are finding that rideshare can save them cash because of using less gas. It also saves wear and tear on your car, allowing you to avoid doing costly repairs and maintenance on your vehicle so often. In the meantime, rideshare can offer you the chance for valuable networking with coworkers. At a time when jobs are scarce, the more contacts you make within your organization now the better off you can be later on. What if something happens and your car needs to be in the shop? Now you already know someone who can give you a ride, someone you are familiar enough with to ask at the last minute. What if you’re sick one day but need to get something to the office? Now your new friend could help you out.

In Phoenix, Arizona many people choose to live in quiet, newer housing developments that are located in the beautiful desert areas on the outer edges of town. This is completely understandable given the current housing market, where houses in these outlying areas have become even more affordable than ever and a family can truly live in luxury at a low price. However, the drive to work from so far away can cause stress on both your mind and your pocketbook. Even if you don’t live extremely far away from work, traffic during rush hour can still cause a person to waste gas and put “city miles” on the car-lots of stop and go, causing unnecessary wear and tear.

Did you know that in addition to all the above reasons people in Phoenix, Arizona are trying to share rides to work, you can also save money on your car insurance? Less miles driven per year often means lower rates. Check it out for yourself by getting a quote, and find out how you can save. Next time you are at work, why not create your own flyer. Instead of typing the words, “Rideshare Needed”, why not try “Who wants to save some money with me?”

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Phoenix Arizona Casinos

For the gaming enthusiast or someone just looking to have a good time, there are seven casinos in the Phoenix, Arizona area. These include the following 2 Chandler casinos: Gila River Casino – Lone Butte and Wild Horse Pass, the following 2 Scottsdale casinos: Casino Arizona at McKellips Salt River and Talking Stick, and the Town of Maricopa’s Harrah’s Ak-Chin Casino, Laveen’s Gila River Casino – Vee Quiva, and Fountain Hills’ Fort McDowell Casino.

Technically, these casinos are not a part of the cities mentioned. They are adjacent to the cities mentioned and are located on Native American reservations. For instance, the Casino Arizona facilities are part of the Salt River Pima-Maricopa Indian Community which is made up of two reservations. The tribes also conduct other business activities and many, particularly the ones located in the Scottsdale area, have completed successful nearby real estate developments. They also are active in sponsorships and charitable endeavors. All of these casinos with the exception of Harrah’s Ak-Chin are located in Maricopa County. Harrah’s Ak-Chin is located in Pinal County, near the Town of Maricopa and the City of Casa Grande.

The casinos generally offer slot machines including hi-limit slots, blackjack tables, keno, and poker rooms. Some even include bars, restaurants, and live music or entertainment. The casinos are regulated by the Arizona Department of Gaming. Tribes are required by signed compact with the state to pay up to 8% of gaming revenues to the State of Arizona. The 2003 compact capped the number of casinos in the Phoenix area, prohibiting additional casinos.

The state also regulates among other things the number of slot machines per casino and total, the number of blackjack and poker tables per casino, and establishes bet limits. The state (as well as federal government) does not presently allow Internet gaming. Phoenix Arizona casinos employ thousands of people, both members of the tribe as well as other people not associate with the tribe. They also create jobs for vendor companies, like food supply companies, event planners, construction companies, security firms, and many others.

The presence of Phoenix casinos have been a selling point for certain people relocating to the Valley. For one, these casinos offer many jobs. A chef that works in a Las Vegas or Seattle area casino might accept a transfer to her company’s casino facility in Maricopa County. Others simply enjoy the casino experience as a paying customer. Many people with money to spend would like to find recreational activities available to them beyond golf, hiking, biking, sporting events, and art galleries.

While this same group may travel to Las Vegas via car or short plane flight once or many times per year, they would also like to have the ability to play an occasional hand of blackjack or put some money in slot machines on a more casual basis. These people often also select Phoenix for its climate, proximity to other Western cities, and other reasons. Phoenix Arizona casinos have had a major presence in the Valley of the Sun for many years and this will continue.

Time to Buy Phoenix Light Rail Real Estate

By now we have all heard the term “the perfect storm” which was coined and popularized by Sebastian Junger, author of the book by the same name as the term. The term perfect storm “refers to the simultaneous occurrence of events which, taken individually, would be far less powerful than the result of their chance combination,” Wikipedia.

One can say that real estate along the central corridor of Phoenix has been weathering a “perfect storm” of it’s own. The “simultaneous occurrence of events” in this case include the general real estate malaise that has existed in Phoenix since mid-2005, the “mortgage squeeze” that became first apparent in early 2007 and worsened until approximately a month ago, and most specifically the construction of the light rail line along Central Avenue for the last year. Paradoxically, these three “events” have slowed real estate sales significantly in an area that is on the verge of booming.

Supply and Demand and The Three Reasons to Buy in along the Phoenix light rail route.

Simple economic theory states that the higher the supply and lower the demand the lower the price. We see examples above of why supply of real estate in Phoenix is high right now while demand is low, hence a slow real estate market. However, the inverse of the economic law is also true, that is, the lower the supply and higher the demand the higher the price. Let’s explore why almost over night mid-town Phoenix real estate will shift from a slow to a red hot market.

1. Recent headlines and radio talk shows have bemoaned the fact that business along the light rail are suffering badly from all the construction. In response the City of Phoenix has run a number of public service announcements encouraging citizens to support the struggling business. There’s no arguing the point, business is down. Because of this, property sellers are willing to negotiate. Buyers interested in property near light rail routes should act now and buy BEFORE the rail is completed in order to negotiate the best deal possible. But all of this is about to change.

2. Light rail construction along Central Avenue is scheduled to be completed by the end of this year, 2007. So, all the barricades, and cones, and flashing directional signs will disappear almost overnight. With their departure will come a return to “normal” traffic that Central Avenue carried prior to the construction. The contrast will be glaring. With this the number of cars and people using Central Avenue and the surrounding surface streets should quintuple almost immediately.

The returning commuters will see the newly completed rail stops and will begin to appreciate what many people throughout the country already know; that light rail brings quality of life and increased property values. Once the construction is completed, sellers will move from a position of weakness (i.e. fewer buyers) to a position of power (i.e. many buyers). As you know, the higher the demand, the higher the price.

A number of studies have been conducted that reinforce this point. The most comprehensive report to date on this subject was conducted by the University of North Texas in 2003. The subject of the study was the Dallas Area Rapid Transit (DART) and it’s affect on property values. The report revealed that property values near light rail stations had a fifty percent greater increase in value than comparable properties in other areas without light rail. So, if a home in an area without light rail appreciates six percent in a year, a comparable property near light rail will appreciate nine percent.

A 2001 report studying the affect of light rail on property values in Santa Clara County, California, found that being within walking distance of a light rail transit in Santa Clara County increased land values on average by approximately twenty three percent.

A 2002 study of the land value impacts of rail transit services in San Diego County revealed that buyers paid as much as ninety six percent more for land along light rail routes in downtown San Diego than for land not near light rail services.

If Phoenix real estate follows the trends seen in Dallas, San Diego, Boston, Washington DC, San Francisco, Chicago and other cities with passenger rail systems then the properties along Central Avenue are poised to enjoy rapid appreciation.

Three: The slowest time of year for real estate in Phoenix is right now, October, November, and December, while the busiest time of year is January, February and March. Because of this it stands to reason that the best time to buy is right now. Not only does the time of year work in the buyers favor but so too does the fact that Central Avenue is torn up and avoided by most commuters. When the number of prospective buyers are fewer, the deals are better. The funny thing about this is that the turn around will be more pronounced in this area of town because once the light rail construction is done, so many more people will be in the area shopping.

Real estate along the Phoenix light rail route is about to turn the corner in a huge way. The smart money today is buying quality properties along the light rail route before the “storm” passes and the deals disappear.

Landscaping Options For Owners Of Phoenix Real Estate

You have used the services of a Phoenix realtor to help you find Phoenix homes for sale, and now you have moved into your new dream home. There are several items to take care of when you first move into a new home, such as setting up accounts with your local utilities and telephone services. You will spend some time and money decorating and furnishing your lovely new space. But once you have the basics of day-to-day living all worked out, chances are your attention will turn to the exterior of your home. One area that many home buyers work on right away is the landscaping that is in place around their homes. There are several landscaping options for owners of Phoenix real estate that are not only beautiful but can also offer low-water use and low maintenance.

Phoenix is in one of the hottest gardening zones in the nation, and is classified as zone 10 by the United States Department of Agriculture Plant Hardiness Zone Map. The USDA zone system is based on the minimum temperature of an area; in this case, temperatures normally go no lower than 30 to 40 degrees in the winter months. This makes for many great horticultural opportunities, because a lot of different plants will grow in such a warm climate, but it also comes with some drawbacks, namely that the area is quite dry. The trick is to find gorgeous plants that thrive in arid and warm conditions.

You will never go wrong with choosing plants for your landscape that are native plants to your area. They thrive naturally in the environment offered, without a lot of extra care and fuss by the home owner.

Xeriscape gardening is quite popular in Phoenix as well. This is a method of landscaping that focuses on choosing plants that are drought tolerant yet still look beautiful.

You will also want to consider that gardening on a city lot is a different endeavor than gardening on a several-acre large property. Plants in an urban setting need to be compact, and trees in particular need to be sized according to the space you have available. Because you have a limited amount of room in which to work, they also need to provide multi-seasonal interest in order to keep the landscape looking attractive all year round.

You might choose to attract native birds and insects to your landscape, and possibly even use your landscape plants to provide a small sanctuary for them. Your choices of plants will focus on plants that not only look great, but also provide food for the many birds, such as hummingbirds, and beneficial insects that help control the pests in your landscape.

No matter which option you choose, your landscape will look attractive and will be a beautiful investment for your new piece of Phoenix real estate.

Hard Money Tips for Real Estate Investors in Phoenix

Hard money lenders always put premium on the property. They evaluate the feasibility of an investment with the market value of the asset being offered as collateral. Real estate investors in major state and international cities will probably have an easy time finding strong rationale for their loan applications. But with real estate properties in Phoenix, there are hurdles that an investor needs to face and overcome to succeed with hard money in Phoenix. What follows are a few of these challenges, followed by some pointers and insights for the real estate investor to consider:

· Geography

Phoenix’s 475 sq. mi. land area is a patch in the northern part of the Sonoran Desert in Central Arizona. Unless property buyers have the propensity for arid sands, an investor in Arizona real estate will have to mine for other facets of the city’s geography to create an attractive deal for hard money lenders.

Looking for interested buyers of the property prior to loan application is one way to go about it. With prospects already lined up, the property now becomes a quick sell in the mind of a smart private money lender. Commercial property investors can also focus on Phoenix being placed in the center of Arizona, which makes the city a strategic launching pad for market economy.

· Security

The city has a history of high rate of car theft, murder, and organized crime. Criminality, at one point, became a public safety issue for the Phoenix city government. This is a big stumbling block for real estate investors looking for hard money opportunities. Rather than hide this fact and appear dishonest, investors are advised to be transparent to lenders about it.

In doing so, however, it is important to establish how such data is related to the property, and to note of the significant drop in Phoenix’s crime rate since 2008. The city’s continuous reforms to improve public safety are information worth mentioning.

· Vulnerability

Phoenix suffered major economic setbacks during the 2007 financial crash. People buying properties that time dwindled to a few, while those still paying up mortgages stood to a default and foreclosed their properties. Even so, many residents in Phoenix could still afford to rent. This, then, has given rise to apartment rentals as opportunities for real estate investors.

Phoenix continues to show promising signs of growth in this arena, which has the potential of reviving the city’s real estate market. Construction developments are canned in some of the Phoenix’s urban villages, particularly in those close to Central City area, such as Encanto, Marydale, Estrella, South Mountain, Laveen, and Camelback East. Suburban growth is happening in Rio Vista, the newest to become a Phoenix urban village.

Welcoming the challenges mentioned above will make investors better at what they do. Selling a Phoenix property to hard money lenders entails describing a vision of success, which is grounded on present facts. When a private money lender sees the picture, sometimes it doesn’t matter whether the property is in Phoenix or in the city adjacent to it. Welcoming the challenges mentioned above will make investors better at what they do. Investors who master the skills of jumping over these hurdles will thrive in the real estate market, regardless of where they are making their investments.