Thanks for your answer Mary, In general Im looking to purchase a 4plex around Central Tucson.
I have research the areas and learned that as example in South tucson properties cost less bu there is more crime and potential problematic tenants with higher turn over. therefore I decided to concentrate my research on the central area. I heard that NW is improving.
any up and coming areas that you can recommend?
With regard to finance, Im a US citizen living abroad and have the 20% deposit.
Any comment would be great.
Cheers.
Hadar
PS Can anyone recommend a good property management company? - Wed May 14 2008, 16:58
Thanks for your answers.
Hi Kelley, I'm an American Citizen living abroad.
I have research the subject and find that properties up to 4 unit ar still regarded as residential and residential rates will apply.
any comment with regard to the locations ? I was thinking in general Central area- 857119, 85716, 85712, 85711,85711.
S.B Thanks, I agree it is all about buying the right property at the right price.
I'm aiming for minimum 25% Cash on cash return and it lookslike it is achievable.
there are fue things that I need to get use to regard buying in the US like Property Tax and , your Closing fee 3%+- in NZ it is around $600-$1200NZD
MVPs or 'Most Valuable Players' are key Trulia Voices members who have been contributing high-quality content throughout 2008 and providing valuable advice to consumers and real estate professionals.