Originally posted by @Account Closed:
Post the numbers before you get committed and lets see what we can figure out. Phoenix and many parts of Arizona had terrific prices a few years ago, but with current prices I believe the rents are too low. But, I've been wrong many times, before.
You have to be super careful when listening to people at meetups and most meetups are 'The Blind Leading The Blind' when it comes to advice and opinions. The only thing important is the math and a property's ability to appreciate. Otherwise, all the chit-chat is as bad as listening to the daily commentators for the stock market.
Agree on the meetups lol! So here's an example of properties we are targeting but not sure which to jump on, happy to give more details in a DM.
Duplex - 2unit 2br/1ba each about 750sf ft in Chandler. Total rent currently $1,700 (listed). Recently renovated/updated. Individually metered. $499k. Feels small but monthly costs for us would only be $2k.
Duplex - 1 1bed/bath and 1 2bed/1bath unit, 650 and 850 sq ft respectively. Listed rents total $2,200. In Mesa (pretty central). $400k list price (I think someone already nabbed this but as a thought exercise I'd be curious what your views are).
