I was thinking of buying property at Lake Havasu City in Arizona. I was told that real estate prices will jump

I was thinking of buying property at Lake Havasu City in Arizona. I was told that real estate prices will jump there since it is unvalued. Can anyone provide any advice if this is a good place for real estate? I have some cash and I want to invest in real estate as an investment. I don't plan to live there, but instead plan to invest real estate there

Nearly every investment is a risk. Nobody can guarantee that real estate prices will go up or down in a given area. Consider it speculation, especially if you don't live in the area. Property can be undervalued for a very long time before the prices go up. Sometimes they never do. And sometimes you can make a killing. You should get the advice of a financial advisor who lives in the Lake Havasu area.

With interest rates going up and MANY HOT markets just turning soft...it may pay to wait a few years and get in once markets turn up again!

In real estate markets that were HOT for the last five years or so....BE VERY CAREFUL!!!

Times and markets are changing!

In California with average homes selling well over $500,000, a 20% decline is $100,000! In any market 'timing is everything'! So, could you afford a loss of 25% of your investment all because of poor timing???

This last up cycle was 10 years in many parts of the country. The downcycle now started in CA, Wash DC, NYC, Vegas and other hot areas of the past are all soft and getting softer.

From 1990 to 1996, the average home in San Diego lost 20% of its' value! The cycle we are now enterng looks like it could well exceed that on the downside!

With all the 100% financing, interest only loans, EZ qualifing etc...even a slight decline will cause many to be unable to sell for the amount due on their loans!

For some great 'insider' articles on the San Diego real estate market, which I believe will apply to any of the hot real estate markets of the past five years.....visit:

http://www.brokerforyou.com/blogger/inde...
http://www.san-diego-for-sale-by-owner.c...
http://www.downtown-san-diego-real-estat...
http://www.la-jolla-ca-del-mar-san-diego...

Tags

　　Investment Firms 　　Investment Company 　　Investment Calculator 　　Investment Bank 　　Investment Advice 　　Investment Account 　　Invest Money 　　Invest in Gold 　　Invest Fund

Related information

How can a reputable source for a short sale be found ?

You can go to any Realtor or Lender With Experience in doing a short Sale , Don't go fishing on Web sights trust me you will be in the Same boat as last time, Call your Bank your Note Holder, ...

Trying to determine the percentage of time I will have a positive return on my money?

Add up the percentages of chances that you will make money.

...

Where to invest stocks?

Scottrade can start you with $500, which is their minimum. I use it myself and they are good. Schwab is also very, very good--but you'll need more to start an account with them, especially...

I recently came upon an extra $11,000 and was wondering what the best thing to do with it would be?

Investing in a retirement account is one of the best ways to pay yourself. You can invest cds, stocks, mutual funds, bonds, ETFs inside IRAs. Roth IRA has TAX FREE growth and TAX FREE withdrawa...

What are some great career choices for an INFP?

I'm an ENFJ, so I don't deal well with the business world myself! The NF combo is very powerful, which you have too. Often INFP's have strong value systems, often put others first...

Making it to a Million?

Congrats - I am on the same mission, except my wife stays home to raise our 2 children. I plan on making it to a million by saving and investing. I spend a lot of time researching stocks because I...

Investing help for a 15 year old?

Yes, if you are as smart as you sound, why would you ask random people via Yahoo answers? But, to be honest, who says you can't make money domestically? I recommend you at least look at GME (G...

How can I become financially stable?

Preparing for a stable future means writing down your goals that you can reasonably achieve. Like will you live as debt-free as possible which is best for being financially stable. 1. Credit card...