Cash Flowing Properties in Phoenix

[Alex Kohler]

Hi there!

I wanted to ask BP if Phoenix is a good place to find cash flowing properties? And if so, what areas would you recommend. My main focus is cash flow but definitely want to be in a good location as well. I would truly appreciate the advice!!!

[Josh Young]

What I'm seeing is that at these rates turn key single family homes on the MLS will not cash flow as traditional long term rentals, so on the front end you need to either use creative financing or find distress or value add. The other option would be on the back end you could do short or medium term furnished or rent by the room if you can get at least 4 bedrooms. I have a friend who just turned a 4 bedroom with no HOA into a 5 bedroom by closing off the family room and he is cash flowing nicely at an average rent of $900 per room furnished. He found the deal on the MLS and it's in Mesa, I wish I would have gone in on the deal with him when he asked me.