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Any advice on how to start out investing in Phoenix, AZ area?
Hi,
I want to get started in real estate investing and so far I am mostly interested in long term rental properties and Multi-family properties. However, I am running into a lot of questions about how I will started in my local area of Phoenix. It seems prices are relatively high in the area and that leads me to wonder if I should keep looking for a good deal locally or if it would be a better idea to invest out of state.
However, I understand investing out of state comes with its own drawbacks so I am not sure if that would be a great idea as a first property. Just for context, I am single and make about $75K a year with around $100K saved up in the bank. What would you do in my position?
Thanks,