All Forum Posts by: Brian L Harris

Paul - Are you trying to focus on certain markets?   

One AZ is great - used them many times. 

Just to give you an education on the market -  the price of a good investment home in Phoenix is around $400K.  This would be a 3 bed/2 bath in a good appreciating location.  With the high interest rates it hard to get much to cash flow with the traditional 30% down.  However,  there are a few new home builders that are offering 4.5% 30 year fixed for investors and offer the $400K homes.  If you took the $200K as a down and purchased from a builder, you would have a nice investment.  

On the other hand if you wanted the total investment to be $200K it would most likely be a condo or townhouse. With those, the HOA fee's usually have a big negative effect on cash flow. The success of this situation would be the financing.

I can share more about either situation,  

Yael - Hi,  I am a real estate agent in Phoenix and thinking of an answer to your question.  First, I have a question..ha ha..  When you say you have$150,000 available, is that for a down payment or the total purchase price of the investment? 

For AZ,  the best values, with the long term in mind, are single family new homes. There are a couple of new home builders that are offering attractive interest rates to investors. As an example one of them is offering a 5.75% 30 year fixed to an investor and the development is in a growth area.  They are also negotiating things like backyards, window coverings, etc. Hope that helps answer the question. 

Daniel - Hi - My market and knowledge is Arizona,  Phoenix and surrounding area's. If you would like to know more about the Phoenix market potential I am happy to do a zoom call so I can show you a map and talk about each area.  Usually takes about 30-45 minutes.  

I agree with Nicole. In general, tubs are moving down on the list of desired features. There is a good chance that the tub would only be used for kids and kids want mom and dad's tub anyway. 

Natasha - Hi -  I am one of Bigger Pockets investor friendly real estate agents for Phoenix, etc. I am more than happy to teach you about the market.  Typically I set up a zoom call so I can show a map and where the good investment pockets are in AZ and why.  This usually takes 30-45 minutes and should be very helpful for you.  If you are interested in this just let me know and we will set up a time.  Brian Harris 

My experience with Lennar in Maricopa County has been very positive. They have different communities and price points.  There is a good community near the new chip plant ( world's largest chip plant called TSMC) called Cooper Leaf. $600's.  They build the same models everywhere so you have to pick the area of the valley you want to be.

I would also suggest you look at Meritage. Right now they have 30 year fixed in the 5% range for inventory that they can move by year end.