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Updated over 10 years ago on . Most recent reply

Andrew Warner's profile image
Andrew Warner's profile image
Andrew Warner
  • Commercial Real Estate Agent
  • from Phoenix, AZ
  • Member since May 16, 2014
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Andrew Warner's profile image
Andrew Warner's profile image
Andrew Warner
  • Commercial Real Estate Agent
  • from Phoenix, AZ
  • Member since May 16, 2014
Connect
Andrew Warner
  • Commercial Real Estate Agent
  • Phoenix, AZ
21
Votes |
77
Posts
Investor Mindset

Phoenix Multifamily Market

Andrew Warner
  • Commercial Real Estate Agent
  • Phoenix, AZ
Posted

Hello BP!

Seems like a mini bubble in Phoenix for multifamily. I was hoping for an expert opinion on the current market. The prices seem high but at the same time the interest rates are low. Is it a good time to buy?

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Thai Foo's profile image
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Thai Foo
  • SFR Investor
  • from Los Angeles, CA
  • Member since Sep 6, 2012
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Thai Foo's profile image
Thai Foo's profile image
Thai Foo
  • SFR Investor
  • from Los Angeles, CA
  • Member since Sep 6, 2012
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Thai Foo
  • SFR Investor
  • Los Angeles, CA
7
Votes |
48
Posts
Thai Foo
  • SFR Investor
  • Los Angeles, CA
Replied

The property has to cashflow and cashflow to the number that you are comfortable at. You shouldn't be banking on future appreciation. Even if the property values drop, as long as you're cash flowing you'll be fine.

Good investing.

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