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Updated over 6 years ago on . Most recent reply

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51
Posts
13
Votes
Ian Jackson
  • Aiea, HI
13
Votes |
51
Posts

Is it too late for Arizona?

Ian Jackson
  • Aiea, HI
Posted

Within my research of finding homes to buy and hold with,  i’ve started seeing a trend in the popularity of purchasing in Arizona.  I’ve always had an interest in Arizona,  and I want to get the opinion of seasoned investors and people who have experience there about whether or not if it’s too late to find a lot of deals there?

Most Popular Reply

Account Closed
  • Specialist
  • Paradise Valley, AZ
2,935
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3,447
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Account Closed
  • Specialist
  • Paradise Valley, AZ
Replied
Originally posted by @Albert Hasson:

I'm sure deals can be found but the median home price on the Phoenix MLS has just this month surpassed the record set in mid 2000's just before the recession

The easy money has been made. Prepare to work hard to find deals.

 That is why I stick to "off market" properties. 

Depends on what you call "easy money". I just yesterday picked up a 4 bed 2 bath 1532 sq ft in Phoenix by taking over their loan of $169,000 using Subject To and giving them $5,000. It needs some renovation, is currently worth about $215,000 as it sits and about $285,000 after $40k of renovation based on comps.

The deals are out there - however, if you are working a job full time, you'll just never find them. I team up with people to show them how it's done.

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