which area is good for investing in apartment complex

[Nash Rack]

I am looking to buy apartment complex (about 20 units). I was looking at phoenix but looks like prices have risen a lot there already. Any other good areas?

[Yuliany W.]

I own a few units in Phoenix as well as Scottsdale. Prices has definitely increased. Finding deals are not as easy as it was before. I started buying in 2012 which was already kind of late.

Other areas that is pretty good would be Scottsdale, Tempe (near ASU), Chandler and Mesa (I heard that Apple will be opening a manufacturing plant there).

Try looking for off the market listings from local real estate companies, I often submit my email address to their websites all just randomly calling people and telling them that I'm interested in apartment complexes. Usually they will start sending you email and let you know if they have something.

These listings are often time cheaper than what you can get from MLS (per unit price), but a lot of them are medium to bigger complex.