As the end of 2009 approaches, I want to wish everyone a prosperous and healthy New Year. At this time I would like to thank all my clients for their business and support.
Thank you for visiting my Internet Site. As an up-to-date business, I want to give you the opportunity to stay in touch with my services and the current offers. Although the service is consisitently good, the properties highlighted for purchase and rentals available are constantly changing.
Real Estate investing is a very long term undertaking. The conservative strategies that I endorse usually unfold over a typical timeframe of five years at the minimum.The steps to financial independence take years to develop. It has always been my philosophy to advise my clients to the very best of my ability and retain my client's trust and therefore their business for the entire period; five years, ten years, twenty years, and the next generation.
While waiting for our plans to mature, you can reach me at 480-451-9339 and by fax at 480-451-8433. I am looking forward to hearing from you. You can also contact me at my e-mail address: michael@michaeldouville.com
If you are not familiar with my company and your first contact with me is online: I would be pleased to hear from you! Please let me know what your needs and questions are, I will be more than happy to help. The rental portfolio has performed well during the Real Esate Downturn of 2007 through the end of 2009. At the end of December 2009, the market inventory of available rental homes in Metro Phoenix has shrunk dramaticallydeclining approximately 12% in the last 6 weeks; attached housing such as condos and apartments has not as of yet experienced as great a decline, but I anticipate the absorption will continue. There is very little new multi-family construction in the pipeline and a shortage of rentals is a possibility. I am anticipating an increase in rents from the typical 3-5% range to a 10-15% increase should inmigration return to normal levels. There still exists opportunities to acquire very good discounted properties both REO and "Short Sales", but competition is fierce and prices have risen off the bottom. If the economy continues to improve as many are forecasting, I would expect further price appreciation particularly in the finance advantaged market sectors under $500,000. Properties under $250,000 should outperfom. High end properties are still correcting, however, opportunities exist for owner users or investors with short term holding time frames particularly with default loans from builders, spec homes approaching loan rollover, and distressed borrowers using"Short Sales".
In brief, you should know the following about me: I have been an investor since 1975 buying and selling many, many properties for my own account. Since 1982, I have been located in Scottsdale and associated with Realty Executives. For the past 27 years, I have been invloved in accumulating appreciating properties for my personal portfolio and I have been responsible for the rental and the property acquisitions for the portfolios of my clients.The principle goal is to create a portfolio of properties that will conservatively produce income and growth in a good economy and a bad economy with the ultimate goal of complete financial independence. I have specialized in Residential Rental Properties in the Metro Phoenix and Scottsdale, Arizona market .My clients have found the value added feature I provide of forecasting trends in growth and market behaviour and positioning myself and my clients to acheive the greatest return while preserving assets.My business is located at 10301 N. 92nd St #101, Scottsdale, Az. 85258 I answer and returnphone calls, 480-451-9339.
The care I take in selecting properties for investment is the same care used to represent homeowners in the sale of their personal residences. Before marketing a property, a free consultation is available to review market timing, pricing, competition, and recommendations. During the marketing period, updates and suggestions are furnished timely to adjust to market conditions to obtain the highest price possible yet in a timely fashion. Buying great properties for clients to call home and selling them when necessary represents 50% of my business. I would love the business and any referrals you may send.
As the end of 2009 approaches, I want to wish everyone a prosperous and healthy New Year. At this time I would like to thank all my clients for their business and support. 