You can get those returns with multi family property in the Phoenix area. Contact me and I can provide you more information.

Good luck- there are many investors buying in the Phoenix area, and as I see it the rental market is becoming saturated. I think many of the people losing their homes are moving in with family- they can not even afford to rent.

Hi Gyanni,
A 20% return is not totally realistic even in this buyers market. If you bought a place for $100,000 and put $25,000 down which you would need to do as an investor for the best rates, you would need to make $520/month profit in order to recognize a 20% profit on your investment of $25,000. Considering in this price range the rents run about $800/month, this would be pretty hard to achieve. When investing in Phoenix if you are looking to rent it out, I would be careful of the west side as there is an abundance of investors buying there and there are tons of rentals available. I would concentrate in the north Phoenix area and Desert Ridge area as rentals have been strong there. I would also concentrate on areas that have high rated schools as those areas will always appreciate faster as they are the most desirable. You can check out http://www.greatschools.com for ratings on schools.

If I can help you with your search, let me know.

Good luck,
Lorrie Feld, ABR, GRI
Keller Williams Integrity First Realty
480-570-1074
lfeld@azrealtygroup.com

If you find any, let me know too! :)

Gyanni,

I don't think you will be able to find anything anywhere that will give you a consistent annual return of around 20% - over many years. If you have experience with flipping properties you might be able to buy a distressed property, fix it and you might be able to get a good -one time- return.

If anyone tells you that you can get an annual return close to that beware, they are not being completely honest with you. I work with a lot of investors and on this market you can get amazing deals - but you just need to be realistic.

Carlos J. Ramirez, PC, ABR, CNE
Associate Broker/Realtor, HomeSmart -
http://www.SmartAZRealty.com