Hello everyone, been cruising the forums for while now and im starting to consider seriously looking into my first investment rental in the Phoenix market for a few reasons.
Mainly, i have family there that can assist with any issues, i live in California and if necessary could be there in half a day, and more importantly i have a contractor whom i know i can trust on quality and pricing.
While not dead set on this, being completely green to investing, i certainly feel this may help me get started and diminish my risks as opposed to say Texas, or the Midwest, where it is completely foreign to me.
I know the phoenix market is hot, some would say overpriced, right now. Id be looking at long term investing of small multifamily, not really SFH. Whats the general opinion? its worth it and you just have to have a good agent and wait for something? Or is the buy in prices just a little to high for someone like myself (really cant afford over 300k, 350k max)?
much appreciated.
