looking at doing a 1031 exchange from minnesota to phoenix, scottsdale area what are the rent vs by ratio

Asked by Dgraf, 85254 Sat Feb 18, 2012

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BarbAlva, Agent, Scottsdale, AZ
Fri Nov 2, 2012
I'm wondering if you ever moved to Phoenix. I was just in Minnesota a few months ago and really enjoyed my stay. But returning to AZ surely puts a smile on my face as well. Hope things worked out for you but if you haven't decided, I would prompt you to visit the Arizona Regional Multiple Listing at http://www.armls.com/docs/rent-check/rent-check-october-2012.pdf. It's a great website to use for gathering information about our communities. Please let us know if we can help! ~B.
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Jeff Devorkin, Agent, Scottsdale, AZ
Sun Sep 23, 2012
Feel free to email me at jeff@iGoUrban.com, I frequently come across unpublished homes and apartment buildings that are being sold by investors that I think would fit what you are looking for. I am also the owner and designated broker of my company so you'll be dealing with the boss !
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Joshua Gayman, Home Buyer, Phoenix, AZ
Thu Aug 23, 2012
scottsdale is a lower cap rate but the appreciation is RED HOT right now. j

it was 15:6 near the end of 2011.
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N Mark Kramo…, Agent, Phoenix, AZ
Mon Feb 20, 2012
I am the owner and designated broker for my company, SimplySOLD® ND Realty. I am also an attorney specializing in the area of real estate. Unlike your state, attorneys are not involved in residential transactions in Arizona. As a result, my clients get the unique advantage of having an experienced attorney in a position to oversee their real estate transaction. As a result, you will receive the benefit of the highest level of expertise and professionalism available - at no additional charge.

Because I am an attorney, I have the type of 1031 expertise that other agents are unable to duplicate.
And in any event, I live in 85254, so am familiar with the offerings in that area.

Cap rates and ROI are best analyzed on a specific property basis. I would caution you to be leery of generalities concerning the subject.

You might find interesting a study which analyzed the benefit of owning v. renting. It will provide you with benchmarks that will be useful to you - besides illustrating why renting is so profitable in Arizona now. If you would like to read that report, and learn more about completion of a 1031 by purchasing rental property in Scottsdale, contact me directly at mark@simplysoldaz.com, and visit my webiste for more info on my brokerage.
Web Reference:  http://www.simplysoldaz.com
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Andy Griffin, Agent, Scottsdale, AZ
Sat Feb 18, 2012
The elasticity of the rents caps out around 80k. If you are looking for double digit returns you will need to look outside of Scottsdale. I personally think staying in Scottsdale w/lower rental ROI but higher upside on resell and type of tenant is more ideal. South Scottsdale has some under 200k homes in area's that the city has targeted to revitalize which would bode well on a 5-7 year hold. We work exclusively with investors and understand 1031 exchange.
Web Reference:  http://griffinmoody.com
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, ,
Sat Feb 18, 2012
Cap rates vary from 5-9% cash on cash return, depending on what you buy, and where.

Here is my Scottsdale Market Stats screen capture for January:


Terry S. Smith
46 year Arizona Resident
Grew up in Scottsdale
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