Phoenix Area - Experienced Investor Looking for MFRs

[Matthew Schroeder]

Hi All,

I am an experienced real estate investor with SFRs & MFRs in both Denver & Indianapolis, and I am exploring the greater Phoenix area as a new market.  I would be interested to hear the input from local market participants on which markets, sub-markets have the best prospects on a 3-5 year hold.  I am considering MFRs with 2-10 units.  While cash flow (cap rate) is important, the growth prospects of the market are more important.  Would be particularly interested in gentrifying neighborhoods & value-added opportunities.

I will be in Phoenix next week to start looking at properties.

Any input/suggestions are greatly appreciated!

Best,

Matthew

[Scott ONeill]

@Matthew Schroeder there's a ton going on. We are closing on our first deal in Phoenix in the next couple of weeks. In the months leading up to buying we made a lot of trips since it seems to vary greatly even by street in seemingly decent areas. Most of the stuff I like is north of McDowell, South of Camelback, West of the 101, and East of the 51.