Arizona Investment: Is 1% impossible in the Phoenix area??

[Brianna Andreola]

We are looking at the Phoenix, Tempe, Scottsdale area for our next investment. This will be our primary home due to work reasons and we are looking to maintain a passive income strategy.

With such an established city, are 1% deals impossible to find? I have also heard of homes coming with “casitas”. Please share your take on 1% or casita strategies. I’ve noticed an extreme price difference with the casitas. Is the investment worth it?

If you have any investor friendly realtors in the area, please do share! Any information is much appreciated.

[Ben Leybovich]

Go to Amazon and look up a book called House Hacking, by Ben Leybovich. I wrote this book a couple of years back when having moved to Phoenix I bought a casita house hack. 

I invest in apartment communities and wouldn't recommend SFR for investment purposes in this cycle in Phoenix. I am happy to report, however, that I am still very much enjoying the same house hack today :)

The income is stable and much less headache than an SFR. Feel free to reach out, and good luck!