You should be looking for properties located close to work places, freeways, good schools and infrastructure. Scottsdale would not be my choice, as you will not have even close to positive cash flow. I would suggest north Phoenix, Glendale or Tempe, where it is possible to find properties that makes sense in terms of cashflow with 20% down.
I am a realtor and property manager that lives in the Ahwatukee area and just had Canadian clients in town a month ago and they purchased an investment home through me in Ahwatukee. I know all the neighborhoods in Ahwatukee as well as the builders, floor plans, and rental rates. I would be happy to offer you my expertise and you can call me anytime at 480 382 9681.
I own a house in Awatukee . I lived in this house for almost 5 years. Excellent schools . South mouintain Park nearby . Walking distance to golf course. Close proximity and access to Pecos Road with easy access to interstate and loops .
My house has been rented for about 4 years . I am considering to sell very soon . If you are interested I can be reached at e-mail address : firstname.lastname@example.org.
I am the owner of a Realty Executives franchise in downtown Phoenix but live in Chandler, the town next door to Ahwatukee. I own many investment properties; both residential and commercial throughout the Valley as well as invest for investment groups.
My question is: Why Ahwatukee, do you have family and/or friends living in the area? If it is for pure investment, there are other areas that would provide positive cashflow and more return on your investment dollar. What kind of return are you looking for and in what time frame?
Let me know.
I am relocated from Canada and hope to meet you in the future!
I have sold all over the area and can show you some great areas to purchase homes!
Feel free to contact me if you have any questions!
My company has a property management division that I can put you in touch with once you decide on your investment. There are several areas that provide a good cashflow/rentability option. While Scottsdale is going to be a great place to invest in property for it's potential resale value later. There are other areas that will provide you with good rentability now and should show a good increase in value as well. Some of these areas are North Central Phoenix around the Desert Ridge area and West of there. These are good places due to the number of large businesses in the area. I have relocated several families recently to this area and know that there are some great opportunities for rentals there.
Please contact me if I can be of any help in finding you an investment.
My personal preference for investment properties would be in Scottsdale. Due to the current economy and market conditions, there are some very good buys. When the market turns around, I believe you will realize greater gains on your investment.
Contact me if I can be of any help.