All Forum Posts by: Justin E.

Edwin, I don't have any rentals as of yet, but I do get the keys to my first deal today!

Tucson is definitely a renters market, they have the pick of numerous places. Lots of signs out front of the condo and apartment complexes offering free first months rent, 1/2 off first months rent, a free TV, or they pay for your A/C.

I would guess the vacancy rate to be about 10-12% and expect to receive about $475 a month for a 1 bedroom, $600 for a 2 bedroom, and $750 for a 3 bedroom apartment. A detached house, add about $150 a month average.

Oh, and the Flowing Wells area is ok too.

Why do you want to invest in Tucson? Phoenix has a better future than Tucson. Are you moving here?

Well, low income but not a warzone would make me think of Drexel Heights, Littletown, or the newer construction east of the airport and south of Valencia.

What you don't want to do is invest anywhere in the triangle that forms from between the 10 and 19 highways and north of Valencia because of the high crime rates.

You're definitely in a good area to pick up good cashflowing properties. I wish I was stationed there. :)

@Jonathan Reed

Welcome to the site, maybe I will cya around town sometime.

Insurance companies would not be in business if they didn't take much more in then they pay out. Ever ask yourself why there are so many insurance company commercials all the time, that costs a pretty penny?I have payed thousands and thousands in insurance, and have not received a cent in return. Its a government scam, like extended warranties.

I am going to submit an offer right now!

I believe it is 1.5% of mortgage amount initially (added to loan), and .5% of the amount loaned per year. Or about $42 a month per $100k financed.

Getting it under contract is the next step. Remember to have your escape clauses.

Thank you for this. I will be putting my knowledge gained here on biggerpockets to good use when I PCS to Tucson next month.