Is it good to invest in real estate in Arizona?

With a population of over seven million, Arizona is one of the fastest-growing states in the U.S. Its booming economy, low unemployment, warm climate, and hot tourism industry make Arizona a great place to invest. If you’re looking to invest in property, there are several markets in Arizona where it’s hard to go wrong.

Where is the best place to invest in Arizona?

Any list of the best places to invest in properties in Arizona is bound to have Phoenix near the top. The Phoenix metro area is home to nearly five million people, a good economy, great job opportunities, and more. Whether you’re looking for a traditional rental property or a vacation rental property, Phoenix is a good investment.

When does the Arizona Department of revenue add interest?

On January 1 of each year, the Arizona Department of Revenue (ADOR) will add any outstanding interest as of that date to the principal amount of tax still owed. This compounding interest is then calculated on the new tax principal amount.

What are the current interest rates in Arizona?

Interest Rates PERIOD PERIOD COMPOUND POINT DAYS/YEAR BASE UNDERPAYMENT RATE BEGINNING ENDING ANNUAL DAILY ANNUAL **INT THRU SS 1/1/2021 3/31/2021 365 3% 4/1/2021 6/30/2021 365 3%

Can you get upside down on your mortgage if you own a house outright?

The fact is that when you own a house outright, you cannot get upside down on your mortgage loan. Regardless of what the market does, you are able to make value-based decisions on what to do with your property. If you have to move and rent out the home as a landlord, you don’t need to worry about clearing enough to make the mortgage payments.

Who is the best attorney for capital gains in Arizona?

Laura B. Bramnick is an experienced Arizona real estate attorney who can help you examine all aspects of your Arizona real estate transaction, including capital gains, 1031 exchanges, and other tax consequences.