Archive for April, 2010

Best place in the West?

Any suggestions of the best place in the Southwest area (i.e. Palm Springs/Phoenix) for a semi-retired snowbird to buy a condo, and live there four to six months every year? (Based on demographics, cost, activities, art, fun!)


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This cozy, quaint cottage home is located right near the heart of Central Phoenix. Its is newly remodeled and ready for you to move in! Check out the pictures then call Tiffany Drejza (over 25 years experience) at Prudential Arizona Properties, 602-920-2653. Your Phoenix area realty listings expert! Relocating? Call Tiffany first, she gets Phoenix Real Estate done!

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Arizona and Sonora state officials were bombarded with criticism Wednesday from more than 100 people at a Phoenix forum on real-estate frauds and failures in northern Mexico.

"You’re stealing our money," said one American, facing Sonora’s tourism director. "You suck our money into Mexico, where you’ve stolen it."

Thousands of Arizonans have bought property in Puerto Peñasco without problems, but an Arizona Republic story in November described how some buyers in a development known as Playa Norte, or North Beach, lost millions of dollars after the project became mired in Mexican court battles.
If Americans dare did anything like this we would have human rights abuse,they would be in the street protesting and demanding chargres be filed would you agree they would do this? On Wednesday, American investors spent 2 1/2 hours telling of what they said were land scams that victimized them through false contracts, unethical lawyers, altered property lines and unfulfilled promises.

Arizona Real Estate Commissioner Sam Wercinski convened the meeting to hear residents concerns because he and Gov. Janet Napolitano have received numerous complaints about rip-offs.

The crowd responded with angry challenges.

"My question is: When in the hell do you know that you have title, that you really own it in Mexico?" asked Monty Wallace, a 55-year-old Tucson resident who lost his retirement fund in Puerto Peñasco, also known as Rocky Point. "Everything, all my money . . . the Sonoran government is scamming us."

http://www.azcentral.com/news/articles/0306rockypoint06.html

Is there some reason within the world of morals Mexico can abuse Americans and take their money with no one helping them help to recover their investments? Does Mexico even have to obey any laws and why isn’t the America Government doing anything to help these people? Folks we are taking about millions of dollars and Mexico gets away with taking money without anyone doing anything.Mexico claims it’s only one bad apple,sounds like a millions of dollars worth of bad apples.


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Should I buy one House or two???

I live in Phoenix and I own a condo which I am planning on renting out soon, so that I can buy a house. (Thank you housing market decline) My girlfriend lives with me and makes about the same income as I do. Question: Should we buy two houses instead of one? Judging by the way the real estate market is now, this is a great opportunity to buy homes. She could afford a place of her own and so could I…. But we’d live in one and rent the other out. Would this make more sense? Then we’d own a condo and two homes… rather then a condo and one home. Does this make sense to anyone? Anyone have any good reasons why this is a bonehead idea? I need input before I do this. Thanks!!!


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Tin Foil Phoenix – Hurry Home

Off the album “Age of Vipers”. Visit their MySpace page at www.myspace.com/tinfoilphoenix

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Commercial Mortgage Loans in PHOENIX, ARIZONA

www.lendinguniverse.com Find and compare hundreds commercial mortgage loans in PHOENIX, ARIZONA. LendingUniverse – Real Estate Brokers, Commercial Mortgage Broker and hard money lenders. Get LOI by Banks, brokers, real estate investors and lenders offer mortgages on residential, commercial…

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I just got a job offer to move back to my home town in CO. to be a superintendent for a construction company that builds condos. I currently live in AZ. and work as a foreman at a roofing company. The offer they made me was 90k a year to go to CO I currently make 52k in Phoenix. Both my kids and my wife want to go. However I owe 252,000 on my house and its not worth much more. Also the housing market has takin a big drop in the last few months with many still on the market since Feb. 06. So do I bail on the house and move back to Co. or stick it out with the company that I am at and hope I can get to 90k in the next few years? PLEASE HELP!!!
Thanx for the anwser "it’s your own fault" but there are quarterly bonus checks fool. What do you do for a living school boy?
Thanx for the anwser "it’s your own fault" but there are quarterly bonus checks fool. What do you do for a living school boy?
Thanx to everybody for such a big response!!! This is great!!!!


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This phoenix/NEBULIN original rocks, so The CHG invited p/N’s lead singer (Phoenix) to sing it with them! This performance was recorded at the Gypsies’ home base venue, the legendary Tobacco Road of Miami (April of 2010) as part of a successful benefit concert that The CHG organized for Care Resource and the AIDS Walk Miami 2010, to help awareness and prevention of HIV & AIDS. There is an amazing live acoustic version of this song being performed by Phoenix with her band available on YouTube, be sure to see that too! ******************************************** *** The CHG would like to publicly thank Phoenix and Phoenix/NEBULIN for rocking the house. Also, everyone that supported this great cause with us and helped to promote this concert, making it the success that it was. Special “You Rock” thank you’s go out to: The Queen of The Scene, DJ Oski, Tobacco Road, and James Echols of The Examiner & Soul of Miami (www.SoulofMiami.org) . ******************************************** *** For more information about this very important cause endorsed and supported by The CHG, please visit Care Resource at: www.CareResource.org. Donations can be made online at the Coffee House Gypsies fundraising page at www.AIDSWalkMiami.org. ******************************************** *** This video appears courtesy of Damian’s Dream Music and Tenement Hall Productions, LLC of Miami and videographer, Jason Ortiz of: www.youtube.com ******************************************** *** Please be sure

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Washing Machine sensor — Water Damage problem?

I am posting in this area hoping there is some sort of expert that can help.

I have a downstairs condo I own in Phoenix, AZ. I’ve had a great tenant for almost a year.

On Friday, the washing machine in the condo above mine overflowed and caused A LOT of water damage to my property and 4 others.

My condo is a complete mess, parts of the celing has holes, water is in every single room.

I don’t get how a washing machine can cause THIS much damage. I have never heard of a sensor not working that it would do this.. It hit a bunch of condos.

Can this happen? My insurance agent went out this morning, but when he knocked on the door upstairs nobody answered. The property manager is the one who told me on Friday that it was the washing machine.


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Weekly blog on investing in Real Estate in Phoenix by Carlos Russo

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