Investment Properties in Phoenix, Laveen, Goodyear and Surprise

What's it take to find great deals on investment homes in the Metro Phoenix, Glendale, Laveen, Peoria, Surprise, Litchfield Park, Avondale and Goodyear areas? I believe it takes dedication and time. If you invest the time in learning the market in these areas, going to homes, viewing prices, square footage and condition you will find some real bargains.

The problem is that there are a lot of investors looking for the same deals. You will want to use patience when viewing properties. When you find a great deal, have all your paperwork completed quickly and sent to the seller (which in most cases is a bank selling the property).

We've spent the last 5 days doing just that - looking and looking, comparing and bargain shopping for just the right homes, with the right prices and amenities.
We were looking in Surprise, Litchfield Park, Goodyear, Avondale and Laveen primarily and some areas of southwest Phoenix.

We decided right off to focus our attention on Bank of America, HUD, and Fannie Mae properties in those cities and avoid the short sale listings. Some investors will want to view all the homes and make offers on short sale homes. However, we decided to avoid short sales because we did not want to wait for responses from the lenders.

We looked at 3 and 4 bedroom homes focusing mainly on homes that would make good rental properties and also appeal to familes with children. Some homes were in really rough condition, while others needed only basics such as carpet and paint. One thing we noticed was how quickly homes were selling and that even on holiday week-ends properties where getting scooped up by investors.

There are bargain homes and bargain prices you just need to be willing to do the work to find them and be ready to purchase them immediately.