Updated over 6 years ago on . Most recent reply
New Member from Phoenix, AZ
Hello BiggerPockets!
I recently moved to Scottsdale, AZ from Toledo, OH and am looking to get started in real estate investing by house hacking. I currently rent, but plan on purchasing a duplex or triplex next year.
A little about me - I was an auditor for a CPA firm for almost three years, which consisted of working many late nights and weekends, until I suffered through an unexpected health issue and realized I didn't want to work my life away. In March, I accepted a job offer as a Senior Analyst and Accountant in Phoenix, AZ, where I now work a normal 8-5 and can concentrate on studying real estate investing in my spare time.
My long-term goal with real estate investing is to acquire buy and hold rentals that generate enough monthly income for me to be financially free. My short-term goal for this year is to pay off my car in the next 4 months, continue to read and listen to anything real estate investing related and get involved in my local REIA.
I'm looking forward to connecting with the BP Community, and would love to meet any who are in the Phoenix area!
Most Popular Reply
Welcome to BiggerPockets! You're in the right place!
As for your strategy, you may have to make a little bit of a commute to find a 2-4 property, as Scottsdale is more of a resort-style living town full of Single Family Homes.
Here's a map of the recent 2-4 unit sales in the past 6 months. Phoenix, Mesa, Chandler and Glendale have most of the multifamily around here.
For now, you just need to familiarize yourself with the market and learn the the lay of the land. Phoenix is BIG, and there's a lot of ground to cover. Study on here, join in the conversation, and explore your local market. Best of luck and welcome to Phoenix!