All Forum Posts by: George Hariri

Thanks for the feedback everyone! I did not consider the importance of a lot of the things you guys mentioned.

I guess the difficulty in my market (Phoenix) is finding a property in a good area that cash flows well.  The 1% rule is really hard here in Phoenix. 

 How do you determine if a zip code will allow for cash flow?

I have a mentor who gave me the advice to identify an area that I want to invest in, a zipcode or two, and learn it inside and out. He has small sections of his market that he knows better than anyone else, he is able to keep a good pulse on those areas since he knows them so well. 

I was wondering what traits of neighborhoods and zip codes etc make good candidates for rental properties. What kind of things should I look for to identify which zip codes I am going to try to learn and find deals in. 

Let me know. Also, if you do not agree with this advice, explain why he is wrong. I am brand new and am trying to get started.