Scottsdale Arizona Multi-family passive deals

[Chris Garrett]

Hey BPer's

  I am seeking passive multi-family passive deals in the Scottsdale Arizona area.  I am trying to build my network in Scottsdale, so if anyone that is seeking investors has contacts or deals I would love to get the discussion started.  Thanks!

[Steven W.]

@Phil Shearcroft I have a SFH property near Moon Valley -- about 1hr northwest of Scottsdale due to traffic -- that gets $1500/mo. Scottsdale is a much more desirable area with more attractions (stadiums, events, higher end stores, etc) nearby. I also have a friend who owns a SFH in Scottsdale and rents it via Airbnb. Because of the stadium being nearby he can get 10k/mo during the summer (of course his expenses are much higher).

Without knowing the specific area or the difference in rent between a SFH and a condo in Scottsdale, my first thought is that $1500-$1800 doesn't sound unrealistic.