Looking to invest in class A/B in Phoenix, where should I look?

[Young Hwang]

Hi,

Like the title, I'm looking to get into the Phoenix area, specifically class A/B neighborhoods. Any tips on which area I should start looking at?

Thanks!

[Melanie Johnston]

@Young Hwang I love a challenge so I went to the MLS for the answers. There was a mention of Sun City condos being under $100,000. That is true, however they are age restricted (you have to be over a certain age to own there) and they have these HOA fees:

Total Monthly Fee Equiv: $1,586.33

Cap Imprv/Impact Fee: $2,000

Cap Impv/Impt Fee 2:$3,500

Not a great option for cash flow. And Valley wide there is nothing under $100,000 that is above C-/D+.

If you open your budget up to $135,000 or $150,000 you have some better options. But they would likely be B-/C+.

I actually saw 2 options with potential in that price range.

Wish I had better news to report, but that is what's available in our market today.

If you stalk the market for the least desirable condo in a better location, perhaps you could work with someone like @David Avery to add value.

Hope this helps,

Melanie