Quote from @Chris Seveney: Quote from @Devin James: In 2021, we saw buyers upgrading to larger homes, taking advantage of 3% interest rates to afford an extra 300+ square feet.Today, smaller homes are selling much faster as higher rates make additional square footage less affordable.While rates are historically average, I don’t see them dropping significantly.

Laundromats and carwashes have gained popularity exponentially almost in the 6 years. 

Remember, in this model, you are planning on holding on to these properties as rentals so pay now in quality, or pay later in headaches and repair costs.

Talk to EVERYONE that you are now in real estate and ask for their business.

*Affordable – Next, Phoenix has relatively affordable properties in comparison to other top metro areas such as Los Angeles and San Francisco, which means that investors have the chance to purchase homes at lower rates, thus increasing their profit margins.

I live in the area and invest mostly in the suburbs, so I would be happy to chat!

I had to re-post in another post. 

If you’re confident in your ability to find undervalued properties, using the equity in your homes can provide the leverage you need.

Have you checked to see what others are doing in the immediate area on VRBO and AirBNB?

Quote from @KT Fissore: we vacancy in one of our single family long term house in leander.