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Updated about 7 years ago on . Most recent reply
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Visiting Phoenix, AZ
Hi there community,
I've decided I want to invest in real estate and am learning.
I'll be visiting Phoenix/Scottsdale in about a month for a week and would love to meet up with anyone out there and walk some properties.
Cheers,
André
Most Popular Reply
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Phoenix is a fun market. Tucson is great too. There are deals to be had if you're willing to do the work. Personally I think the multifamily rental market in phoenix is too expensive but for the right person it's probably a great deal. My group has had better luck with rentals in Tucson.
Biggest thing about phoenix is that our neighborhoods are very diverse for Single Family Homes. By that I mean that it's not uncommon to see a 200-250k house across the street from a trailer park. And there could be 500k houses right down the street. So you really have to be specific when you run your comps or you're going to end up way off base.