Phoenix contains a rare combination of elements that have created an outstanding market for distressed property investments, including the following:Cost Savings: Distressed properties are sold below their market value and enable investors to take hold of properties at a trifle compared to traditionally listed properties.Strong Market Fundamentals: Being among the fastest-growing cities in the country, Phoenix ensures a high demand in housing and rentals, hence good potential for resale or income from rentals.Value Creation Opportunities: Most distressed properties need renovations; thus, such situations present opportunities for investors to increase equity by adding value.Population and Economic Growth: Phoenix remains among those cities in the country which are attracting more and more residents and business; therefore, this presents good, long-term appreciation possibilities of property appreciation and income creation.Challenges to ConsiderWhile the rewards can be great, distressed property investment is not without its challenges.

I find it hard to believe such a bad market could get worse, but only if you know why it’s doing so poorly compared to the rest of the country.

Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.

See how many listings are still available and how yours compares.

(Zero)  Would love to chat and compare notes to see how we could get better outcomes. 

Consult with an account representative at PadSplit to assess comparables and determine bedroom rental rates. 

So if you are not doing daily rental, have your agent check with some of the regional carriers and see how they compare.  

When donated to a qualifying charity, you generally can deduct the full fair market value without having to pay capital gains taxes, which is a big benefit compared to selling it.Itemized Deductions: To claim the deduction, you must itemize your deductions on your tax return (rather than taking the standard deduction).

Unfortunately due to the property values, the cash proceeds will be disproportionately impacted by transactional costs associated with the financing (doc prep, appraisal, recording etc.) which will also hurt the available proceeds compared to the same LTV financing of higher value real estate that can better absorb these transactional costs. 

Very communicative, hands on, and thorough with their property management.As some additional context, I own a few rentals in different markets and Michele's team is top notch compared to them.