Arizona?
Hello:
I'm new to the forum and I think it's great!
I'm curious to know if anyone has had any luck with actually acquiring properties in AZ using tax liens/certificates? From what I've read, AZ has the three year redemption period which seems to be a disadvantage for investing purposes.
All responses are greatly appreciated.
Thank you!
I'm just getting started in Arizona. Some of my research shows that some counties have a 90%+ redemption for residental property. Arizona also has a lot of land with development/ track names and no development plans at this time.
Since I'm new at this, my plan is to follow next Feb. auction and purchase OTC afterwords.
Pinal County is where I am located. The land rush is on here so it could be tough. It is a good time to be a seller of property though. :-D [ Edited by desdawg on Date 02/19/2005 ]
Why is Pinal so popular? My guess is because (at least looking on a map) it is almost right in between Phoenix and Tucson, which would make it equally convenient (or inconvenient, depending on traffic) to both places.
Maricopa became the 88th city in AZ a little over a year ago. Developers are moving in here and doing major subdivisions. People can buy more house here for the buck than they can in the Phoenix area. We have been discovered. Casa Grande is experiencing similar growth. There are Reservations between the Phoenix metro area and both communities so these were the next places available. The growth has never stopped or even slowed since I have been in AZ (19 years).
So, what are you trying to say?
Oops, that should be John T Reed.
Sorry.