All Forum Posts by: Saumya Dash

@Account Closed Are you realizing good cash flow in the condos, any particular area that you can recommend from your experience.

@Antoine Martel I am open to single family homes if they can provide good cash flows in the price range I am looking for. For Multi family I was looking at about 3-4 unit building.

Hi,

I am a newbie from California in the RE world. I am considering to make my first MFR investment, but am trying to decide between Chicago and Phoenix. Some of the criterias that I am looking for are:

1. Property Price in the range of 200-350k.

2. Neighborhood - A,B,C

3. Decent cash flow close to the 1-2% rule.

Reason I am feeling indecisive is because I am finding lot of MFR in chicago area however I am concerned about the job growth prospect and vacancy. Phoenix seems to be getting started with job growth, however I am not finding much MFR in this area.

Need some suggestion from the Pros, even if it means to consider looking at other cities.

Best Regards.

Thanks everyone, appreciate all the response !

I am from California and looking for my first real estate investment in multi family homes. I am currently trying to find multi family homes for investment in Las Vegas,NV and Phoenix,AZ. Can you folks suggest which of these cities would make a better investment if I am looking purely for good rental cash flow ?