We were looking at some land up the road from there.Cosby is a little out there so personally I wouldn't invest in STRs unless they were off 321.That area is nice and quiet though.

If you're looking to buy again in the area, that's a wash when comparing properties.

@Dan H. and @Todd Goedeke, I think you are both right.Dan, as you note, you are buying in high priced areas with high appreciation.  

Only a sale will trigger the tax.However there are a couple issues here.1.

I’d love to help and connect you with my team in the area. 

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

There are a lot of variables involved so its hard to see unless you run the numbers especially since you might replace this home with 2-4 units and where the loans on those new properties would be at a higher rate.

Hello BP Community,My wife and I currently own one rental property in the North Phoenix area and are looking to scale our real estate business.

The main areas usually causing problems being means of egress, fire separation for each unit, ceiling heights within each unit, sprinklers throughout all units, accessible unit and required parking. 

Market OverviewThe Los Angeles self-storage market showed signs of stabilization in Q1 2024 after experiencing some softening in 2023.