ATTENTION, INVESTORS!
ATTENTION, INVESTORS!
Yes, leasebacks are still available! Sharon and a client picked up 2 model homes that will be leased back from them for another 9 to 12 months. While it is INCREDIBLY difficult to find model home leasebacks, there are a number of owner-occupied homes where the owners desire to lease back. This most often happens when the existing owners want to build a home, have to sell their existing home to qualify, and don't want to move twice. There are currently a number of homes in the Queen Creek area with leaseback stipulations - and we all know, Queen Creek is rapidly appreciating! Most of them ask for a 6 month leaseback, and then month-to-month after. We have our pulse on the building industry, and right now, there's not a builder in Phoenix completing new homes in six months....so that guarantees a longer lease period.
What are some advantages to investing in a leaseback?
1. Guaranteed lessors - with a regular rental property, you may have to wait weeks to months to find a renter.
2. The sellers are more likely to take better care of the property, since they have emotional attachment to it - it's still "their home" in their eyes.
3. There is a value attached to the sellers not having to move twice, rent an apartment, pay for storage, etc - you can command a higher rent than you might with a regular tenant.
4. What could be better than having someone else make your payments for you, while the home appreciates?!
When these homes hit the market, they don't last long - if you would like to take advantage of a leaseback opportunity, please let us know. We'll arrange for you to have financing in place so that when the right one comes available, you're in the position to secure it!
Sharon Kotula and Adam Tarr
Phoenix Investment Home Specalists