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Updated over 5 years ago on . Most recent reply

User Stats

5
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3
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Keith Ralleca
  • Little Ferry, NJ
3
Votes |
5
Posts

Ideas for Phoenix market plus vetted Realtor

Keith Ralleca
  • Little Ferry, NJ
Posted

Hi guys! An avid fan here. 

I'm set to relocate to the Phoenix metro area within the next couple of months and I'd like to get your insights in this market. I have been preparing for this day to come to finally purchase my first investment. Looking into house hack (with small family) and definitely build my portfolio from there. 

I intended to get into multifamily homes, if they exist, but come to find out there's not much available as the construction has been decreasing for the past several years. Even if there are, its located in a high crime areas which I think is not worth the risk for my wife and kid. Especially if I'm at work most of the day. 

I will be working in the downtown area and would like to live as close as possible. Where would you recommend I should look into that is family friendly town? Good rental market? 

Also looking for vetted Realtor (investor friendly) that could help me in my search. I have high hopes that you guys will help a novice investor to the right direction. 

Thanks in advance! 

Most Popular Reply

User Stats

707
Posts
560
Votes
Stone Jin
  • Rental Property Investor
  • Chandler AZ and Sylvania, OH
560
Votes |
707
Posts
Stone Jin
  • Rental Property Investor
  • Chandler AZ and Sylvania, OH
Replied

There seems to be a slew of investors looking to house hack in phoenix on the BP forums the last few days. I think the available inventory of small MF homes on MLS doesn't pencil out. Any that do are snatched up in hours. You can try to buy a home with an guest home that could be rented out. There are some of those available in central phoenix.

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