News for Prescott AZ - AmericanTowns.com
Monday, December 31, 2007
Friday, December 28, 2007
Tuesday, October 30, 2007
More bad news for housing and a disappointing report on durable goods orders highlighted last week's economic data. Stocks and bonds ended the week with the S&P 500 Index up 2.4 percent to 1,535, now up 8.2 percent for the year, and the yield of the 10-year U.S. Treasury note rose one basis point to 4.41 percent.
Monday, October 08, 2007
If you've been keeping an eye on the news in the
Tuesday, May 29, 2007
Planning & Zoning to explore new plan for former Young’s Farm land
and Zoning Commission for a much lower density development of the former Young’s Farm. “The Village at Young’s Farm”
revised project plan came after hearing feedback from town residents and Town Council, and demonstrates the developer’s
desire to keep alive the rich history of the property while addressing the need for local shopping .
“We listened very carefully to the comments we received from Town residents and elected officials and turned those into the
plan we have submitted to Planning and Zoning. Housing density has been essentially cut in half from a previous plan and
we have modestly expanded the commercial area facing AZ-69 and AZ-169 to enable the in-town shopping that residents
asked us to include,” says Don Allison, a partner of The Monogram Companies. “It wasn’t easy to balance the lower density
and economic side of the project, but we did it and we are committed to delivering a terrific housing and commercial project
that everyone can embrace and be proud of,” Allison explains.
With the aesthetics of the project and the town also top priority, the development intends to keep many of the old-growth
trees, ponds and river banks intact for residents’ enjoyment and to preserve a large portion of the geographic history.
Looking to the importance of a development that enhances the town, the project team sees this as an important quality for
the whole community.
Local Residents, Town Officials Supportive of New Plan
Local residents who have seen the development plan are more than supportive. “I am behind this 100%. We’re finally going
to have shopping right in town and a well planned community that will make our town even more beautiful,” says Buzz
Fournier a Dewey-Humboldt resident. “This is a plan that residents and our town officials will surely get behind. We will
have more housing options and additional shopping—but no big box stores. This is a big win for the town and all of us.”
Economic Benefits for the Entire Community
Potential economic benefits to the town’s residents will be substantial. With thousands of vehicles passing along on AZ-69
and AZ-169, stores and local shopping will generate more local sales tax. With this financial benefit, more of the town’s dirt
roads can be paved, fire and police will be well funded, and libraries, athletic fields and other amenities will be possible.
A Community Focal Point for the Town: The Village Marketplace
When The Village at Young’s Farm is completed, it will likely serve as the town’s focal point. After two county areas merged
to form Dewey-Humboldt in the 2004 incorporation, there has not been a real community epicenter for residents to enjoy.
The town will be offered this important community asset with The Village Marketplace. This shopping area is expected to
include banking, pharmacy, grocery, restaurants, and boutique -style stores. The Arizona Department of Transportation
officials will aid in ensuring intelligent traffic flow. Even with the planned Village Marketplace, the natural wonder of the area
will be preserved. A community area is planned, along with accessibility to the river and open space for residents. Farmer’s
markets and a myriad of other public events will be possibilities with this space.
-Being a Team Player—Working In Good Faith
Besides listening carefully to the concerns and desires of town residents and town officials, the Village at Young’s Farm’s
development team has and will work hand-in-hand with every stakeholder. From residents and neighbors to the Planning
and Zoning Commission, from the Town Council to ADOT… the development team will do its part to ensure that all parties
work together for everyone ’s benefit.
A Project that Shows Caring for Dewey-Humboldt
Included in the Planning and Zoning application is a Mission Statement that shows that the development team truly cares
and understands the history and future of the town. The Mission Statement explains that this is “…a project that honors the
historical significance of Young’s Farm and surrounding area…residential styles that reflect small town living…a
Marketplace that reflects the charm of the local area…a variety of shops and services that will provide added value…”
The development team is humbled by the history of Young’s Farm and its importance in the hearts of residents. Their
appreciation of the rich history has resulted in submitting a plan that is low density with a rural, small town feel, preserves
natural and historical components of the farm land, affords shopping with tasteful architecture, and provides community
areas for residents.
Monday, May 28, 2007
Scottsdale, Ariz., -- Jan. 23, 2006 – Monogram Companies, an experienced developer with a history of building appropriately scaled neighborhoods that enhance existing communities, and Tom Chambers Properties Inc., announced today the purchase of Young’s Farm. The planning process is underway; however the Young family will continue to operate the farm through 2006. The appropriately scaled, low-density residential and commercial village will include retailers such as a bank, grocery store, restaurant and the farmers’ market to provide services to the people of Dewey-Humboldt and visitors.
Monogram specializes in creating communities that often require special expertise and the ability and sensitivity to work closely with surrounding residents and local organizations, as well as city, county, state and federal agencies, to resolve complicated land development issues. The company has assembled a team of experts in planning, residential and commercial architectural design, hydrology, water resources, traffic, and landscape architecture to ensure best practices throughout all aspects of this project.
“Being selected to guide this historic property through its next phase of development is an honor and an exciting opportunity,” states Monogram Partner Don Allison. “We appreciate how important this land has been to generations of area residents and others throughout Arizona. Our goal is to develop a project that honors the historical significance and small-town charm of Young’s Farm and the surrounding area. This signature project will include a variety of residential home styles and a Market Place that will provide added services and tax revenue for the people of Dewey-Humboldt. We look forward to meeting our future neighbors and becoming an integral part of this vibrant community.”
Dewey-Humboldt resident and real estate investor Julie Conner continues to hold an interest in this project and will be actively involved in the community outreach program.
About Monogram Companies
Formed in 2002, Scottsdale, Ariz.-Monogram Design Builders (www.monogramdesignbuilders.com) specializes in building energy-efficient, environmentally friendly, single-family homes on in-fill parcels that incorporate construction best practices. The company is one of the few Valley homebuilders to be recognized by the U.S. Environmental Protection Agency as a 100 percent Energy Star partner. Monogram Development Services LLC (MDS) (www.monogramdevelopment.com), which began operations in 2001, specializes in land acquisition and development for single-family residential projects. MDS principals have brokered over $400 million in land sales and entitled and improved over 8,000 residential lots. Arizona natives Don Allison, Russ Hermann and Dan Hellman founded the companies and serve as managing partners.
About Tom Chambers Properties Inc.
Since leaving the ranks of professional basketball, CEO Tom Chambers, who holds the Suns’ single-game scoring record, has carved out an impressive role in the business world. Chambers founded Tom Chambers Properties, Inc. to broker opportunities for land investment and development. He is also the owner of Shooting Star Ranch, a successful horse breeding farm in North Ogden, Utah.
Friday, May 18, 2007
Get the best deal!
As a buyer you need to know what is being offered to the agent (over the normal broker compensation) to get you into the door.
Although perfectly legal, subdivisions are offering higher compensations to Buyer’s agents as well as other incentives to get you into a home. Check out this ad for $500 in gas cards for Brown Family Communitie's Pronghorn Ranch in Prescott Valley Arizona.
That is great just make sure your agent is showing you great re-sale and other subdivisions that may not have the incentives attached. You can go buy a home from the developer yourself (Not a great idea). The reason you have a buyer’s agent is to get great advice and to minimize the stress of buying a new home. Also the Sales office at the subdivision is representing the builder’s interest solely, so you need that agent on your side. Ask Questions of your agent. You will know if you got the right one if they are honest enough to tell you about all of your options despite the giveaways and gimmicks. Believe me despite the bad press most Realtors are the cream of the crop and truly have your interest above there own. Find more information about buying a new home at http://reports.bradbergamini.com/ or search for listings at http://www.theprescottmls.com/
Friday, January 19, 2007
We all have choices in life. We can spend our lives making a living or we can choose to make some real money. Unfortunately, most people choose to make a living. They don't take time and spend their lives walking over the dollars to get to the dimes. Most real estate investors are no different.
Oh sure, you've decided to either increase your income on a part-time basis or you've quit your job and taken the full-time plunge. So what! All that means is you've decided to take control of your own financial future and make things happen. I'm proud of you if you have made that choice.
But wait! Before you pat yourself on the back and your head swells up like a basketball, answer this question:
Are you running your business with blinders on?
I mean are you so narrowly focused on one little piece of the business that you're letting the real money fly right on by? Most people get started in real estate and learn one or two ways to make money. Then they spend ten or twenty years doing the same stupid things over and over.
Oh sure, most make good money and others do exceptionally well. But what saddens me the most is, in all my years of training in this business, I've only seen a handful of sharp entrepreneurs really grasp the big picture. Most are so content making a good living that they miss the most profitable part of the business.
Let's look at the big picture and what you can do to triple your income in the next twelve months.
Four ways to profit
There are four basic ways to profit as an investor. The way to make the most money the fastest is to use all four. Don't get so narrowly focused on one that you miss out on the real money.
The BIG four:
Creating No-Qualifying Financing
Of course, these ways have several offspring and variations, but these are the big four (assuming you're not holding for the long term). Even if you are, your exit strategy will fall into one of the big four unless you exchange or die.
Wholesaling is finding bargains and quickly passing them on to bargain hunters. The house usually needs to be rehabbed and the buyer is willing to do the rehab. The buyer then retails to the consumer or lives in it.
The plan is to find the bargain, tie it up with a purchase contract, then quickly sell. The profit comes from doing a simultaneous closing with the buyer who brings to the closing a few thousand dollars more than you agreed to pay the seller. Many of my students do nothing but wholesaling a few hours per week and earn more than their full time jobs.
Retailing is getting these same houses fixed up and sold to owner/occupants through new financing. Most beginners look at investing through this window. Conventional wisdom says the way to make money is to either buy, fix, and resell or to keep and rent.
If you've ever heard me speak, you know how I feel about conventional wisdom. It's almost always wrong. However, in this case I agree, there is real money in retailing and renting.
But you see, here is something you'll never learn from conventional wisdom that can only come from a battle-scarred warrior who's learned the hard way. This one lesson alone could make the difference between success and failure.
Do not do any repairs or become a long-term landlord your first year in business.
How does that stack up to conventional wisdom? You've been told by all your real estate courses and investor buddies that the best thing to do is rush out and buy a rental property or a fixer-upper. You know what? Even though that's the last thing I want you to do, I'd still prefer it to doing nothing.
However, before you do, let me briefly make my case and see if you agree with me. First, let's look at why you want to do either. Your reason for buying and selling a fixer-upper is to make some cash within the next few months. If that's your objective, why on earth would you want to begin with the hardest way?
And believe me, it is. Retailing is a lot of work and takes time. A lot can go wrong, especially for a beginner. You have to buy the house, raise the money, hire a contractor, and then the hard part--find a qualified buyer. If you attempt this without the proper training, I assure you you'll get those battle scars I mentioned earlier.
What's my problem with rental property in the first year? The answer is simple: you're not ready yet. The only real reason to own rental property is to build wealth. The real money is in the equity. But what's your rush? The first lesson I learned in my early days was:
Take care of today's cash flow needs before worrying about getting rich.
Let's get the bills paid and get out of debt before we start building an empire. "I'll create a cash flow I can live on in my early days as a landlord." If you think this is the case, take a current landlord to lunch and ask him/her where all the money goes from rentals. You won't like the answer.
I suggest you wait. Learn the ropes before you take an ugly seminar. Give yourself a year to learn which components make a good "keeper." Find out how and where to buy properly. Get a feel for the business. If you don't, your education will come from all those investors who bought incorrectly and are trying to sell you their stupid mistakes.
You'll learn the ropes all right. Unfortunately, one might be tightening around your neck. This lesson holds true whether you retail a house or rent it. Both are good reasons for getting in the business, but neither is a good place to start.
Back to the big picture. I would like to see you in the business, not just the junker or rental side. You must expand your horizons; take off the blinders. There's more to life than cheap, ugly houses.
Lease options deal with pretty houses in lovely neighborhoods in all price ranges. They have nothing to do with contractors, raising money, and taking big risks. They're fast, relatively easy, and produce just as much money, or more, as retailing houses. Most investors let these go by because junkers are all they can see.
Another solution is creating no-qualifying financing. Between these two you can literally do many times the deals you're currently doing and probably not need to generate any more leads.
Most of your income should come from pretty houses
The big money is in the art of creating Multiple Offer Strategies, not fixing houses. That's why you're shooting yourself in the foot every time you let a potential pretty house deal go by because you never learned how to capitalize on it.
Your job is to take information you get from the seller and create as many solutions as possible to solve his/her problems and create a profit center for you.
When you do this, you'll be in the top 1/2% of those who qualify as "transaction engineers." In the process you'll eliminate your competition. In fact, you could easily make 250,000 per year from their leftovers.
So, get out of the box and see yourself as an entrepreneur who truly understands the business, not just a rehabber or a landlord. I don't care how hard you work at the wholesale and retail business, you can never reach your full potential. You must expand your horizons to learn and practice the pretty side--the profitable side.
You won't get rich with junkers
No matter how good you get with junkers, you'll never make more than 30% of your potential. There are three reasons.
The junker business revolves around low-price properties, while the pretty house business has no upper price cap. In fact, I prefer the higher prices. It just stands to reason when you deal in bigger dollars, more of them will be left over for you.
When you get paid from wholesaling or retailing, you get one check and you're out. Not true for lease options and no-qualifying financing deals. They create multiple streams of income that keep coming in, whether you're still out there working or not. You do the job once and get paid over and over.
There are more pretty houses than ugly ones.
Obviously, the part of the market that provides the biggest supply of houses warrants the most attention. When you learn to capitalize on the big supply, not just the uglies, your income will skyrocket.
Yes, I know it sounds like I have something against the junker business. But that's not true. I love to make something pretty from something ugly. I began and prospered in junkers and still work them to this day. But I grew up...
Taking off the blinders
Several years ago I discovered the rest of the story and took off my blinders. I'm only suggesting you do the same. It's just a marginal shift from what you may be doing now.
If all you want is a good income and you're happy in your comfort zone, then please don't let me disturb you. I'll allow you to settle with whatever failure rate you want. It's your life, your family, and the income you're willing to accept. At least you have the freedom of running your own business and you're the boss, right?
What the heck, you're making more than you did in your old job. When you get out of bed in the morning you're already at the office. No traffic hassles, no time clocks and no lay-offs. Look, you can convince yourself you're doing great. Maybe even your family and friends are fooled, but not this old war horse.
I have too many students making too much money to accept anything less. If you're not growing, you're dying. Is it time to get to the next level and start treating this as the extremely profitable business it is? If you've been dealing in junkers for a while, the answer is yes. Become a transaction engineer now buy investing in my Cash Flow Home study System At:
It may take a while to learn the business, but it's worth it.
Ron LeGrand had to borrow money to attend his first real estate seminar twenty years ago when he was bankrupt and running a gas station. Today, he is recognized as the nation’s leading authority on buying and selling single-family homes for fast cash with no credit, little or no personal investment or risk. Ron has personally bought over 1500 houses and still invests in real estate.
Author, trainer, lecturer, consultant and entrepreneur extraordinaire, Ron has earned a reputation as the best in his field. His one-day workshops are routinely standing-room-only and his Boot Camps continue to grow in popularity. Ron’s secret is simple: his programs work -- as evidenced by the thousands of successful real estate entrepreneurs all across North America who call him by the affectionate title, “The Guru”. Ron is literally creating millionaires all over North America.
Learn More about Ron LeGrand at www.ronlegrand.com