Opportunity Zones_Arizona Pheonix/Scottsdale Area?

[Nonkhane Nonnie Saycosie]

Hello BP Fam!

I'm a Michigan realtor looking to invest in the Pheonix/Scottsdale area.  I've been researching the Opportunity Zones in this area and would love to hear feedback or insight on this type of investment.  I also heard Buckeye is up and coming there as well.  

*Which areas in Arizona are the best to invest in?

*Where are my Arizona builders, lenders, and REI peeps at?

[Erin Estes]

I’m in Goodyear which is neighboring Buckeye. I’m not familiar with the benefits of an Opportunity Zone designation. Buckeye has grown leaps and bounds since I moved to this area in 2013. Honestly, I’d look at places like Tucson, Maricopa (city), and Casa Grande that still have lower entry points, depending on your price points and prerogatives, of course. The market here has peaked and is slowing and it feels oversaturated and stagnant with investors, in my opinion. If you’re investing for appreciation, it might be awhile before you see decent gains more than 3% year over year.  If your investing for cash flow, it’s difficult to find and when it’s there, there’s a lot of competition. I have an excellent mortgage broker who’s not on BP. Let me know if you’d like her information!