Rental Basics in Phoenix>Question Details

Albert Herna…, Other/Just Looking in Phoenix, AZ

Looking for a good area to buy my first 2-4plex in Phoenix Arizona!

Asked by Albert Hernandez, Phoenix, AZ Thu Jun 25, 2009

Hello,

Looking to purchase a 2-4plex multi-family property as my first rental investment property. With how the market is now, I would like to know what areas are stronger rental areas. I have done some research and found the areas with zip codes 85012, 85013, and 85014 in phoenix Arizona are good areas. Is this true? Any helpful information would be greatly appreciated.

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Azrentalhomes.com’s answer
Al,

You can run zip code analysis at: http://arizonabankownedlistings.com/city.php
We can offer you property management via http http://:www.AzRentalHomes.com / 480-219-6777 . Feel free to contact us for specific details.
Web Reference: http://www.ISellShort.com
0 votes Thank Flag Link Sat Mar 20, 2010
Al,

Check out these charts on the Housing and Rental Market in Phoenix compared to the rest of the nation. While its not zip level analysis for phoenix its still helpful info especially to get a feel for how the city compares to the rest of the nation.

http://www.managemyproperty.com/find/arizona/phoenix-propert…
0 votes Thank Flag Link Sat Mar 13, 2010
Dear Al,

I think you have done some good research. Phoenix lack a strong inventory of 2-4 plexes and you will generally find them in older neighborhoods. I think the zip codes you've mentioned are good choices as Central Phoenix tends to do better than many other areas.

Our web site has a lot of other good info for the new landlord/investor. No sales hype, just quality information. Get as much knowledge as you can before leaping into the rental market. I think an appointment with a good landlord tenant attorney is well worth the price as well. I personally use Andy Hull and there are others you can find through the Bar Association.

Best to you... Gene
0 votes Thank Flag Link Thu Mar 4, 2010
HomeLovers is one of the fastest growing property management companies in Arizona - founded by two extremely successful investors, Dave Zundel and Mike Sargent. See our blog for a sample of our savvy at http://www.arizona-investment-properties.com.

If you call 602-792-5324 today and ask for either MIke or Dave, I think you'll be extremely impressed by the level of advice and skill that is offered.

They are great at understanding the great foreclosure deals in ARizona, and sorting out which properties are good deals, and which are actually good deals for an investment. Very different things!
Web Reference: http://www.homelovers.com
0 votes Thank Flag Link Tue Jun 30, 2009
I represent a company selling multi-family properties at wholesale please contact me if you are interested
0 votes Thank Flag Link Thu Jun 25, 2009
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