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Artur Ciesielski
- 9 Helpful Answers
- 38 Answers
- 3 Listings
Locations:
Profile Link:
Experience:
Professional Realtor for Realty Executives
January 2000—present
Full time professional Realtor.
Full time professional Realtor.
Specialties:
Midtown and Uptown Phoenix, North Central Phoenix, Paradise Valley, Biltmore.
Single Family home and condo sales. ... show more
Single Family home and condo sales. ... show more
Certifications
& Awards:
& Awards:
CCIM (Certified Commercial Investment Member)
CRS (Certified Residential Specialist) ... show more
CRS (Certified Residential Specialist) ... show more
Interests:
Cycling - road biking and exploring the city on bike.
Exploring Phoenix this ... show more
Exploring Phoenix this ... show more
About:
Central Phoenix resident since 1982, in real estate since 1998 first as an investor then as both an investor and REALTOR. I work with my partner Joanna
... show more
Artur Ciesielski answered:
The rental market is a bit weak everywhere including Central Phoenix. The condo market is weak as well. Despite that with a good purchase and the minimum 25% down-payment there is no reason to simply cover your costs, but rather generate a cash flow.
You would be better off sticking to at least a 2 bedroom unit as there is a larger rental pool for them then 1 bedroom units.
Of course, if you intend to purchase a luxury condo in one of the more prestigious projects in the Biltmore or along the Camelback Corridor then it will be more difficult to cover the expenses with the rent. Generally the rents don't go up in proportion to the price. What about a house?
You would be better off sticking to at least a 2 bedroom unit as there is a larger rental pool for them then 1 bedroom units.
Of course, if you intend to purchase a luxury condo in one of the more prestigious projects in the Biltmore or along the Camelback Corridor then it will be more difficult to cover the expenses with the rent. Generally the rents don't go up in proportion to the price. What about a house?
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