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Updated 24 days ago,

User Stats

9
Posts
2
Votes
Blake Kirby
  • Handyman
  • Orange County California
2
Votes |
9
Posts

1031 Exchange Phoenix vs L.A.

Blake Kirby
  • Handyman
  • Orange County California
Posted

I am in a 1031 ex and honestly overwhelmed with deciding to stay in Los Angeles or move to Phoenix AZ. I could really use some advice. I need help finding statistics of appreciation, population growth, job growth.
California of course has great appreciation and limited competition growth with high house prices making renting almost a necessity but I worry with more people leaving California then coming in this year that Phoenix might be a better investment in terms of long term growth. Thoughts? Facts? Help?

Pros

L.A.

    • Low vacancy 
    • Renting is almost a necessity
    • High rents
    • Expensive 6-8 units vs 14-18

    Con

    • Rent control
    • Laws are favoring tenants
    • Mass exodus 

    Phoenix 

    • population growth 2.3%
    • job growth at 2.1%
    • no mold
    • In the sunbelt IE good for baby boomers
    • Cheaper 14-18 units vs 6-8

    Con

    • Hotter then Satan
    • Lots of competition 
    • Low rent 
    • Higher vacancy?



    This is the biggest decision of my life and I don't know what to do! Coming out of the 1031 I'll have about 620k to invest which means I am looking in the 1.5 to 2 million range if it matters. I am based in OC if anyone has recommendations on advisers Real estate, financial, meet ups, anything really.

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