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A Home in Phoenix for $70,000

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  • Description

    Tanya Marchiol of Team Investments breaks down more amazing real-estate deals in Arizona.

  • Duration 4:08
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This transcript is automatically generated

Do know it's and we also know that -- to watch -- -- next week eight the end -- I.

Time to play the game the all know and love we love it here on bonding companies cold against -- home price.

Tonya -- from a team investments is back with us she's gonna show -- a house a we will try to guess the price of it all right welcome everybody.

-- some of the house what -- you show -- festival and this government but He up.

A -- so we have one in buckeye.

That so I don't wanna take place in Phoenix actually they're both in Phoenix and I'll tell you I searched the country to do other places besides Phoenix.

And prices the vs rents just don't compare so the -- honestly you're making more money in Phoenix than anywhere else right now.

Okay now I'm looking at it tell us about that place to on the we're looking at now how many bedrooms this is a three bedroom two back.

To -- to about to talk Iraq to park -- this one is 16100 square feet on the westside -- -- land ballot won't be a this one was built in 2007.

Looks rockets into rhetoric condition -- condition I'll tell you in 2007 -- -- for a 193000.

Dollars that was 200719.

-- three -- now I'm guessing you -- and I should because I know you know already.

You know and and and again watch the segment before I would I -- normally gets 200000 and I'm storm it's too -- We'll go ahead gets.

80000.

70000.

Seventy pounds down there don't get a serious that is a little bit of it because it looks terrific.

That that's a 70000 dollars.

Now here's the killer on these house's right so this was gonna rent out offered 1050 a month.

So take your taxes your insurance take a vacancy rate take a maintenance -- take here up property management you're still walking went to 650 dollars month.

Right of one another one another you've got a second -- tests show it to his plea is Antonia take us through it let's have a look at its now.

How and -- -- before and what he's.

Check this one is actually in Marico I would does it's another subdivision it's more east valley.

This one is 2300.

Square feet it was built in let's see 2005.

And three bedroom two bath a finished a lot.

Completely low taxes at a.

Thousand dollars a year costs -- It's my bedrooms two bathrooms built in 20052300.

Square feet a -- law was not an it back -- done backyards on the Grasso what I'm -- I've got access to that and more of films that get -- -- -- going guess.

I'll go and 80000 again I mean they got a strong share there or so -- -- in America and Canada evident that all right -- -- 68000.

Dollars unbelievable 68 and is renting for 11100 dollars a month.

But look what we must be honest see a we picked the Phoenix market that's where your active at the Phoenix market office I'm Shula the best bargains anywhere in the country doesn't -- They do right now -- -- -- the only other place that I would even consider buying right now would be Las Vegas but Las Vegas jobs.

Don't compare to Phoenix jobs we're getting so much tech stuff will not absolute.

It is part of this -- the idea that Americans have given up on ownership you know I because -- it really cheaper to your point that the Biden says it at.

-- a thousand dollars a month by the by the time.

Because you just can't -- -- because we have such wonderful banks because you can't get the Lotus is gasoline.

Absolutely got to look at -- Israel yet as the cash is king or you have to have good credit and be able to have verifiable income.

Now they are doing program three them by ten investment properties for 25% down.

But look -- over the last few weeks you've brought as well four -- five houses in the Phoenix area all of them 65 to 75000 dollars although on the look pretty good -- the ones you showed -- tonight -- -- -- -- -- house there are a lot of them and I read it's we today that said only the insiders get these deals no this is what's happening in our market right now and they're renting you're not gonna buy this thing and set on.

People need somewhere to live and they're renting for these prices.

I can't believe I can't believe how many homes we on Bonnie and company of sold through yeah.

That's a to the banks that comes just don't -- and goodness.

That was great to a month you know thank you him.

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