What are Phoenix best neighborhoods ?

Question

Hi,

I am starting out as an OOS investor and I was wondering what the best neighborhoods in Phoenix, AZ were in terms of low-crime rates and raising a family. I read that Chandler, Arcadia and Paradise Valley were all great neighborhoods in that sense.

Any other suggestions or insights?

Thank you!

Shiloh Lundahl · Answer

@Stanley Parsley if you are looking to network with local investors, I hold a monthly meetup in Mesa every third Wednesday of the month. I have been doing a hybrid model since last month. So we can have 8-10 people at the meetup in person and the rest can attend through Zoom. Here is the link to the meetup: https://www.biggerpockets.com/...

Shiloh Lundahl · Answer

@Benjamin Papet if you’re looking for cash flow, Casa Grande is a better prospect than the Phoenix area. I live in Gilbert and it is a great area, but I don’t own any rentals in Gilbert because the cash flow is not there. The appreciation may be good, but in reality, I would rather own 3 or 4 properties in Casa Grande than one in Gilbert. I would cash flow much more and those properties accumulatively would appreciate the same or better percentage wise than Gilbert.

Benjamin Papet · Answer

@Cara Lonsdale I did not know realtor.com had a free crime stat feature so thank you for pointing that out! Cash flow is the main motivation. I recently read an article on the Urban Land Institute regarding market trends for 2020 and Phoenix, according to that article, will be booming in the next five years: strong job economy/job growth and strong influx of people so I'm assuming this will force appreciation in most neighborhoods. Thank you for your feedback and I will reach out when I do decide to move forward.

Stanley Parsley · Answer

Hey all

moved to the chandler area and looking to get together with like minded investors

The reason I chose chandler is for the low crime, great appreciation and the overall feel of the area

if your looking for a starter place I would choose the chandler, Gilbert areas for sure, the volatility right now is out of control due to the current situation, I'm waiting to get on board again after the next collapse which will be around September when the furlough ends and the next frenzy strikes before the election, don't invest based on emotion, watch the market

Mike Zaven · Answer

@Stanley Parsley

Hey Stanley. Are you looking to do sfr investments? Interested in that area as well.

Account Closed · Answer

What are you looking for? Cash flow? Appreciation? To live in the property? Fix & Flips? Rentals?

Benjamin Papet · Answer

Account Closed I am looking to buy a buy and hold rental with cash flow prospects

Benjamin Papet · Answer

@Jared Sutherland, Thank you, I appreciate it!

Benjamin Papet · Answer

@Dan Schwartz That is good to know, thank you for pointing that out!

What are Phoenix best neighborhoods ?

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