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AZ Real Estate Market Update – February 2014

Posted on Feb 28, 2014 in Buyers, Investors, Sellers

Thanks goes out to Fletcher Wilcox one of our favorite title companies who keeps a close eye on the Arizona real estate market for us.

Overview of report below:

· January 2014 Foreclosure Starts Lowest in Over a Decade, page 6

· Four Reasons Why the Number of Potential Financing Homebuyers is Growing, page 7

· Qualified Buyers Gain Market Power in First Part of 2014, page 25

· 44,222 Possible Boomerang Buyers in 2014, page 12

· Some Reasons Why Existing Home Sales Are Down, page 17

· Dodd Frank Legislation and Lower FHA Loan Limit Likely to Reduce Sales in 2014, page 21

· Upcoming Real Estate Broker Symposium on Dodd-Frank, page 4

· Historic Review of Thirty Year Fixed Mortgage Rate, page 19

· How A One Percent Rise in Interest Rate Dramatically Changed Refinance Market, page 3

· Single Family Property Inventory Up, page 20

· January 2014 Median Single Family Sales Price Flat, page 22

· January 2014 Existing Single Family Sales Results, page 23


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Fix & Flip or Buy-N-Hold?

Posted on Nov 13, 2012 in Buyers, Investors, Sellers

Build your real estate portfolio today with professional experience you can count on from the Keith Jackson Realty Team.  There are multiple approaches we take which will produce you high returns for the Fix & Flip investor or strong cash flows for those buy and holders. Ask us about our unique “Lease Purchase” approach which produce a “Win-Win” situation for everyone and can generate even better returns. The Keith Jackson Realty Team understands what it takes to take buy an investment property at the Auction/Courthouse Steps, from a bank or negotiate a deal directly from a owner-occupant seller and meet your investment objectives.

Below are just a few examples of properties we took from old and outdated to super sheek and produced high returns and/or strong cash flow for our investors:

Fix & Flip

This is just one example of many satisifed investor clients who have purchased and flipped their investment property with the Keith Jackson Realty Team.

* Acquired for $148,000 and Sold for $195,500 in less than four months from rehab to close. We had an accepted offer on this property in under 5 days!

Buy & Hold

Acquired property, remodeled, and turned home into a long term rental property with strong cash flow.



Come to one of our monthly seminars and learn more about real estate investing and start building your real estate portfolio today!

Call 480-788-7608 and a member of the Keith Jackson Realty Team would be happy to schedule an initial real estate portfolio consultation and discuss how our team can help you achieve your investment goals.

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Refinance Boom Will Drive Housing Recovery

Posted on Oct 30, 2012 in Buyers, Investors, Sellers

The refinance boom is lowering monthly mortgage payments for some homeowners by lowering their interest rates and is causing mortgage companies and title and escrow companies to hire more employees to meet the refinance demand.

Phoenix Business Journal reporter Kristena Hansen reports on the refinance boom.

http://www.bizjournals.com/phoenix/news/2012/08/30/phoenix-in-midst-of-mortgage- refinance.html?page=all

Number of Monthly Refinances in Greater Phoenix

Refinance closings have went up every month since January. July refinances were 11,518 or 128% higher than the 5,052 refinances in January. A refinance is when a borrower pays off their mortgage with a new mortgage.

Information from CoreLogic Marketrac analyzed by Fletcher Wilcox, Grand Canyon Title

Click Here for full report

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10 Facts About The 3.8% Real Estate Tax

Posted on Oct 9, 2012 in Buyers, Investors, Sellers

Before you decide to buy or sell your next real estate property consult with your accountant to learn if you will qualify for the 3.8% tax or not when selling your property. Below are ten facts about the 3.8% real estate tax put out by NAR (National Association of Realtors).

  1. When you add up all of your income from every possible source and that total is less than $200,000 ($250,000 on a joint tax return), you will NOT be subject to this tax!
  2. The 3.8% tax will NEVER be collected as a transfer tax on real estate of any type, so you’ll NEVER pay this tax at the time that you purchase a home or other investment property.
  3. You’ll NEVER pay this tax at settlement when you sell your home or investment property. Any capital gain you realize at settlement is just one component of that year’s gross income.
  4. If you sell your principal residence, you will still receive the full benefit of the $250,000 (single tax return)/$500,000 (married filing joint tax return) exclusion on the sale of that home. If your capital gain is greater than these amounts, then you will include any gain above these amounts as income on your Form 1040 tax return. Even then, if your total income (including this taxable portion of gain on your residence) is less than the $200,000/$250,000 amounts, you will NOT pay this tax. If your total income is more than these amounts, a formula will protect some portion of your investment.
  5. The tax applies to other types of investment income, not just real estate.  If your income is more than the $200,000/$250,000 amount, then the tax formula will be applied to capital gains, interest income, dividend income and net rents (i.e. rents after expenses).
  6. The tax goes into effect in 2013. If you have investment income in 2013, you won’t pay the 3.8% tax until you file your 2013 Form 1040 tax return in 2014. The 3.8% tax for any later year will be applied in the following calendar year when the tax returns are filed.
  7. In any particular year, if you have NO income for capital gains, rents, interest or dividends, you’ll NEVER pay this tax, even if you have millions of dollars of other types of income.
  8. The formula that determines the amount of the 3.8% tax due will ALWAYS protect $200,000 ($250,000 on a joint return) of your income from any burden of the 3.8% tax. For example, if you are single and have a total of $201,000 income, the 3.8% tax would NEVER be imposed on more than $1000.
  9. It’s true that investment income from rents on an investment property could be subject to the 3.8% tax. BUT: The only rental income that would be included in your gross income and therefore possibly subject to that tax is net rental income: gross rents minus expenses like depreciation, interest, property tax, maintenance and utilities.
  10. The tax was enacted along with the health care legislation in 2010. It was added to the package just hours before the final vote and without review. NAR strongly opposed the tax at the time and remains hopeful that it will not go into effect. The tax will no doubt be debated during the upcoming tax reform debates in 2013.

If you have any other questions feel free to email keithjacksonaz@gmail.com or call at 480-788-7608.

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Refinance Boom Helps Homeowners

Posted on Sep 11, 2012 in Buyers, Investors, Sellers

Good news for the Arizona real estate market when refinancing activity is up. This means more and more home owners are saving money each month on their mortgage payment. One amazing statistic is:

“Refinance closings have went up every month since January.  July refinances were 11,518 or 128% higher than the 5,052 refinances in January.”

Click Here to read a great report on the Arizona real estate mortgage refinance market courtesy of Fletcher Wilcox of Grand Canyon Title.



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