- Mattyb19Participant@mattyb19Join Date: 2007Post Count: 4
I'm just now jumping through the hoops and getting educated on the process of investing in the U:S
I'm wanting to invest in Phoenix as i lived in Scottsdale in the early 2000's for five years and have
knowledge of some of the areas and know of two tradies who i can trust and have a friend who i believe
would be a good property manager.
My questions to any of you who know anything about the area…….
What are your thoughts looking for something around 70k in the Scottsdale area and sacrifice a bit of return for better tennents?
I know Scottsdale well around the Old Town area and like it for its proximity to many things.
South Scottsdale going down toward the Univerisity is not as glam but I'd be happy to invest in this area also.
Does anyone have any experience in this area with Houses v Apartments Condo's ?
Are there other areas in Phoenix that anyone has had success in?
Any help from Phoenician investors would be greatly appreciated.
Thanks MattjayhinrichsParticipant@jayhinrichsJoin Date: 2011Post Count: 1,177
Pass on condos to many HOA issues. Go for better tenants make more money in the long runInvestorMickParticipant@investormickJoin Date: 2008Post Count: 55
We’re doing fix and flips in Phoenix but would say it would be near impossible to get a good renter for round $70k in the Scottsdale area or much of Greater Phoenix. The bottom end of the market has risen due to investor and first home buyer demand and it is now extremely challenging to get purchases across the line round that price. Nett returns are round 12% or so for buy and holds.
Hope this helps! We’re moving there in 4 weeks.kylermriceParticipant@kylermriceJoin Date: 2011Post Count: 314
Wow, looks like with those numbers i have lost interest in Arizona. Come on Florida, daddy needs a couple more water front properties before the good times are overjayhinrichsParticipant@jayhinrichsJoin Date: 2011Post Count: 1,177
Time is a tickin for the net yeilds that have been enjoyed in these certain markets…
Foriegn investor had a free run there for a few years now we are going to get back to a more normal market..
IE US investors jumping in now that they feel the world is not going to end.