Investing in Phoenix

[Bradley Snyder]

Hello,

I am looking to buy a home in the Phoenix area using my VA loan. My realtor found a home in Sunnyslope that was a 3/1 with an 2/1 in the back, that would of been a nice rental. We did a video tour (I'm out of state) and the house looked nice and numbers sounded promising. The house had been on the market for only a few days and by the time my agent called it had a full cash offer on it. This surprised me, since when I live in Phoenix that was a historically pretty rough part of town and from what my realtor told me the neighborhood is still pretty rough looking. Is this typical for the Phoenix market? Any suggestions for similar areas that might be heading towards a turn around?

Thanks,

Brad