Renting Near Scottsdale Arizona

[Shane Paeper]

Hey Bigger Pockets,

I'm just out of college and got a new job up in the Scottsdale area and in the next couple months I'm looking to start renting a bit closer to where I work (near the 101 and Raintree). I'm not limited to Scottsdale only, but I'd like to live within around 10 miles of work. I was wondering what kind of things I should be aware of when looking into apartments/housing . Any advice about leases, landlords, or specific recommendations near Scottsdale or Tempe would be greatly appreciated. 

Thanks!

[Marcia Maynard]

Originally posted by @Jim Blackburn:

Shane Paeper -

Were you you looking to buy investment property first or a primary residence first?

If investment, consider buying a 4 unit with FHA loan using only 3.5% down.

If primary residence, consider using a 1% conventional loan with just 1% down payment, and 2% assistance.

I suppose your purchase decision would really depend on how much you have saved.. If you purchase a 4 unit, you also need 3 months reserves in addition to down payment. With the conventional loan as primary, you need two months reserves. In both cases seller can credit for closing costs.

Ask anything.
Jim

Hey Jim, Shane posted in the Renters Forum for a good reason.

Renter's Discussion: "This is the forum for renters who are looking for advice in dealing with their landlord. Ask questions about dealing with landlords, leases, tenant rights and other important issues."

He's coming at this from the perspective of being a prospective tenant. He may or may not have aspirations of investing in real estate at this time, but if he did I think he would go to another forum to discuss that.