Phoenix has been a hot market for rentals recently, but consider how long-term trends, interest rates, or construction projects might impact demand.Here’s a quick story: A friend of mine bought a new-build in a suburban development a few years back.

I have been using Stessa for years and don't want to lose all that I have stored in the program. 

My first project. 

Its current projections are to bring in between 150k and 180k with estimated costs of 60k.  

Let’s just say the hard money lender became my best frenemy for the duration of this project.

And perhaps they realized that they couldn't staff permitting and enforcement for the program. 

Six weeks into their program, I earned just over $50K. 

Purchase price: $79,000 Cash invested: $69,221 Sale price: $178,000 This was our first flip project.

I’ve been interested in real estate for years and have invested as an LP in several projects, ranging from residential single-family homes to NNN properties and flipping.While I haven’t owned any property yet, I’m hoping to take that step in the near future.

A project like that will probably take 6 months to 1 year, so what's your expectation for future rents?