Is Phoenix AZ a good area to invest in?

[Marcus ONG]

Hi

I am new to investing in the USA.

Is Phoenix a good place to invest in? Especially for sub 300k multi family apartments...

Marcus

[Nick J.]

Originally posted by Marcus ONG:

Which district of Phoenix is considered as better and which one to avoid?

My personal opinion has always been, if you take a look at a map of the Phoenix metro area and find where Interstate I-17 and Interstate I-10 intersect. Follow I-17 North to about Dunlap/Peoria. Follow I-10 west to Loop 101. That squarish section of the Valley is what I personally avoid.

Originally posted by Marcus ONG:

that typical cap rate at Phoenx?

Too large of a city to give a typical range. There are without a doubt many submarkets within this area.