I got my hands on some great real estate data from the folks over at Grubb & Ellis|BRE Commercial
Will French and his partner Brian Rosella, would like to take a moment to update you on some important information concerning the Phoenix housing market.
Read their comments below and view the power point presentation.
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As we finished off the first quarter of 2009, we saw an improvement in almost all markets and housing was no different. Now we have all come to realize that the sky is not falling as we all thought it was in 4Q ’08.
These improvements have caused lot and homebuyers to see that this market correction is starting to have an end in sight. We all understand that this “end in sight” does not mean that everything will be back to normal tomorrow or the next day but most experts are predicting a bottom to form in the next couple quarters.
Please take the time to see the below housing market information and take note of the positive signs that need to be watched as 2009 progresses.
Important changes to note are slides:
- #8 – Phoenix is ranked #1 in affordability as compared to other western cities.
- #14 – New Home Median Prices have seemed to start leveling over the past few quarters.
- #15 – Active listings dropped below 50,000 for the first time since February ’07 and this is the 4th month of continued reductions.
- #16 – New Home Closings were up 16% from February and Resales are up 42%. 7,552 Home Closing is the high monthly number since August ’07.
- #18 – In March we saw Trustees’ Deed Sales down 39% from February and at its lowest level since April 2008 (3,207). This statistic should be watched closely over the next few months, as this is a very important indicator.
- #20 – New Housing Permits are at historically low levels. This statistic couple with the fact that builders have drastically reduced their inventory is a critical step towards the recovery of our housing market.
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Now having all this above research information means nothing if you have no money, right? Well, normally I don’t get all that excited about stuff, but I thought you’d enjoy this.
I’ve been trying to find a good resource to explain to investors who have they can have their good day jobs and still raise cash through partnerships. You know, raising money through private lenders, a.k.a people who know you, like you and trust you or will soon.
You could go to Mike Watson’s Raising Capital Boot Camp, but that’s going to set up back around $2,000. However, for some — being in a debt is a great motivator for action.
Yet, I thought I would put some of the techniques I’ve learned recently through a test. However, not with real estate…
You see a few weeks ago, I was introduced to a guy name Patrick Riddle who recruited well over $6 million in
private funds from private lenders over the last 6 years and used those funds to close on 127 deals in South Carolina (add those #’s up and just imagine even the conservative profits that private money directly enabled him to put in his pocket).
You can review his first video on fast cash house sale strategies with private lenders here.
That’s all good and fine…
But I want to test if I can use the same strategies and apply it to other things besides real estate, because I have other interest that need money. In the next 20 days I want to see if I can raise money for an event using their Private Money Blueprint program.
For me, the real test to find out if a strategic idea works extremely well, is if the core concepts can be duplicated outside of its intended market.
Patrick Riddle and Trevor Mauch want to show real estate investor a more systematic way to “Buy House For Cash” strategies. Since, I have V.I.P. backdoor access to the information they are going to release in the next few weeks to the public. I want to see if I can raise money from cash-strapped business to sponsor an entertainment event at a family entertainment park called Fiddlesticks Fun Park of Tempe.
I’m going to tweak their private lender powerpoint presentation and see if I can raise $2,500 in less than 20 days.
If you want to check out their first set of using other people’s money videos here’s the link:
Private Money Capital Raising with Patrick
Exceeding Expectations,
Kendall Matthews, vp of hard work
P.S. - I’ll update you on how I do on finding private business money in the next few days.
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