New Investor - Las Vegas or Phoenix

[Victor Amezquita]

Hello!

I'm new to Bigger Pockets. Listening to as many podcast episodes as I can! I really want to leave my desk job and become financially free. Ideally, I'm looking to invest in rentals that have positive cash flow. 

I live in Anaheim, CA so I'm considering Phoenix and Las Vegas since they are nearby and not crazy expensive. Probably going to look at multi-family units, 4 units or under but that's not set in stone. Any advice for a newbie from anyone in those markets or other nearby markets would greatly be appreciated! 

Thank you,

Victor Amezquita

[Bob Okenwa]

Hi @Victor Amezquita

There are segments of multifamilies out here with some being more appealing than the others. Your budget will dictate where in Phoenix you will end up doing business. The better, newer properties are going to be located in Central Phoenix and Mesa, while the older ones will be in the southern and western portions of the city. 

Expect prices to be around 250k-400k for a better 4 unit and a little cheaper for smaller multifamily properties. If there's anything else you need to know, feel free to reach out to me.