Market Conditions in Phoenix>Question Details

Huffsfashions, Home Buyer in Phoenix, AZ

I was wondering how is the rental market there, is it better to to buy a house or muilt-family

Asked by Huffsfashions, Phoenix, AZ Mon Apr 29, 2013

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From an experienced property manager that handles both single family and multi family, the answer to this question will depend on what your investment goals are. If you are looking for appreciation in value, typically single family homes have been good performers. If you goal is income today, then you will want to consider a multi family. I would be happy to help you explore some options as I have for many other clients that have recommended my on profile.
1 vote Thank Flag Link Mon Apr 29, 2013
The market is very strong and rental pricing continues to increase which is why you see so much competition between investors for both single family & multi family homes. You definitely need to be savvy in order to make the right decisions and compete in this type of market. If you are not, you can dig your self a hole that could be difficult to get out of.
0 votes Thank Flag Link Tue Apr 30, 2013
Rents are strong and in demand. Home prices have risen steadily for the past year. Both are strong at this time.

Are you looking for cash flow or a place to live with your family?
0 votes Thank Flag Link Mon Apr 29, 2013
As Jenni said... it depends. The question offers no insight into you skills, goals, background and other information needed to give a valid answer. Making a living as an investor/landlord is a difficult profession requiring a lot of education and forethought. It's no wonder so many "investors" lost their shirts in 2007-2010... they thought being a professional investor was easy.
0 votes Thank Flag Link Mon Apr 29, 2013
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