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Updated almost 8 years ago,
Beginner investor - Phoenix vs Greenville, SC market
Hey BP community!
My wife and I are in the process of deciding where we will be living for the next several years and I'm wanting some valuable input. My wife will will be a CRNA and I'll be graduating from my nurse practitioner program in July and we have contract offers in Phoenix and Greenville, SC.
REI Goals: Our short term goal is to either house hack a 2-4 multifamily unit or buy a live-in flip. My long term goal is to focus on acquiring larger multifamily properties and stop working as a nurse practitioner by 2027 with 10k cash flow/month from my rental properties.
The Greenville area seems to be a strong market with good growth potential. Phoenix seems more saturated with seasoned investors with the ability to get properties under contract while leaving new investors unable to find properties with good cap rates.
BP, what are your thoughts? Is Phoenix a difficult scene to navigate right now or do you still see good growth potential? Any and all comments are appreciated!
Thanks,
Steven