Home Buying in 85253>Question Details

Pj, Home Buyer in Pasadena, CA

Investing in Phoenix

Asked by Pj, Pasadena, CA Tue Nov 27, 2012

I am sure this question has been asked many times but the posts I saw were almost a year old, so I am asking this question again considering things might have changed.

What are the good places to buy investment property in Phoenix? I don't want anything too risky and am fine with a safer option and lesser profit. I am thinking to keep this for as long as the property does not go down.
My budget is max $140K for 2BR/2BA for a condo/townhome.

I have been looking at: Tempe (near University Dr), Paradise Valley (near 52nd street & Shea blvd).
-What will be the typical rent in these areas?
-How easy/difficult is it to find renter's in these areas?

Thanks.

Help the community by answering this question:

Answers

5
I would be happy to email you a list with properties for rent in this areas.
Please provide me with your email address.

Best Regards,

Real Estate Professional / Prestige Realty
Bianca Bennett / 602-570-7898
Bianca@InvestInArizonaHomes.com
Website: http://www.InvestInArizonaHomes.com
0 votes Thank Flag Link Tue Jun 25, 2013
Ryan Buckley Realtor®
Turning your Dream into an Address
Coldwell Banker Residential Brokerage
480-440-4541
ryan.buckley@azmoves.com
http://www.liveinscottsdale.com
http://www.facebook.com/rcoldwellbanker
twitter @rcoldwellbanker
0 votes Thank Flag Link Tue Feb 5, 2013
Rentals are doing great!!! You can get a least $950 per month near the university and the same around 52nd Street & Shea!!!! Best of luck to you!!!
0 votes Thank Flag Link Wed Nov 28, 2012
First things first are you looking to buy this property with cash or are you investing with a loan? If you are investing with cash and are just looking for a safe longterm place to put your money, there are less stressful ways to invest in real estate in the Phoenix area. REIT's (Real estate investment trusts) are a great way to put your money into real estate in a particular area without having to be an expert in property management.

If you are looking to invest and be a landlord Juan's advice is pretty solid for the area's you asked about. In that price range personally I would suggest a condo in South Scottsdale. That area has seen significant price increases and you are likely to get long term renters with families as opposed to seasonal clients in PV and Students in Tempe.

As a successful investor myself, I'm happy to talk anytime and if need be refer you to one of my agents who can help you find something.

-Keith Mishkin
602-493-5100
0 votes Thank Flag Link Tue Nov 27, 2012
Tempe, Scottsdale, and the Paradise Valley/Phoenix area are great and rent well. All three areas will bring anywhere from 750-900 mo depending on the complex a few others can bring in more within your budget but the average will be within that range.

Tempe Market you will have the most renters looking during the summer end of school year looking for a place for the fallowing semester and the winter break time.

In Tempe and the Phoenix/Scottsdale/Paradise Valley border area focus on newer units if possible. For Scottsdale Old Town Scottsdale is always great but the units will be much older.

Feel free to call or email me and we can discuss more and break down each location, inventory, and rents.

American Associates Real Estate
Homes | Condos | Investments
Spanish and English speaking Realtor
Realtor, Appraiser
8930 E. Raintree Drive Suite 200
Scottsdale, AZ 85260
Office 480-458-8007 | Fax 480.767.7200
email: pesqueira2@cox.net | TempeHomesCondos@gmail.com
Websites:
http://www.tempehomescondos.com/
http://temperealestateblog.wordpress.com/

Yes Dreams Come True, Let me Show You!
0 votes Thank Flag Link Tue Nov 27, 2012
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer