Pheonix Neighborhoods B/C Class Unpacked.

[Denise MacDonald]

Hi BB Forum,

We are interested to learn and get input on B/C class neighborhoods in Pheonix where we can action the following:

- Wholesale (Stage 1)

- Fix/Flip (Stage 2)

- BRRRR (Stage 2)

- Buy/Hold (Stage 3)

We are out of state investors looking at the best market/neighborhoods to have longevity in. Would really like any insights you all may have on the potential (if you have worked in them) in these markets and if you feel there is opportunity in all 4 stages of our strategy. If so, what neighborhoods do you think have most potential? We are looking at B/C class neighborhoods where there are investors flipping and there is some room for growth. Also, if you are a potential buyer, it would be very interesting to hear from you.

We are working with a coach and have great tools for moving forward and really excited to get cranking. Just wanted to get a pulse from this amazing community on market potenital in Pheonix and specific neighborhoods, etc.

As a side note, if you work in Pheonix as a cash buyer, investor, title company, realtor, property manager and are investor friendly, feel free to reach out!

All the best to you all and your journeys.

Denise & Joanna

[David Bohn]

Hey Denise.  I work / live / play in the PHX metro area, so you've picked a great market I'm very familiar with.  There are some challenges with what you are asking but I'll do my best to get you some direction.  To give you some background, I'm an investor developer, where we do land development projects typically for multi-family housing.  Currently we're working on about 1000 dwelling units all together at different stages of entitlement.

We also are buy/hold investors here in PHX metro.  We typically buy SF homes and rent out, but we have some triplexes and four-plexes.  I don't have much experience with wholesale, except we have worked with some in the past.  The challenge you will find with wholesale is that it's usually more advantageous to have boots on the ground, but again there may be programs to obtain leads without actually living here.  There is definitely a market for fix/flip.  This is another area I don't focus my attention on - we buy/hold long term.  Areas I think would do well are those where people are moving back to or highly desired - Arcadia, Scottsdale, Tempe, Gilbert, parts of PHX, and Chandler / Mesa.  To nail down where there are opportunities in B/C class neighborhoods would be difficult - I'd recommend getting a realtor that works directly with investors and knows where to find what you're looking for.

I'm biased with PHX / AZ, but historically it's proven itself.  There are also many significant businesses coming to the area or expanding, including TSMC, Intel, Amazon, Apple, etc.  You have picked a market with real longevity.

I hope this helps give some direction.  Good luck!