Phoenix Area - Experienced Investor Looking for MFRs
Hi All,
I am an experienced real estate investor with SFRs & MFRs in both Denver & Indianapolis, and I am exploring the greater Phoenix area as a new market. I would be interested to hear the input from local market participants on which markets, sub-markets have the best prospects on a 3-5 year hold. I am considering MFRs with 2-10 units. While cash flow (cap rate) is important, the growth prospects of the market are more important. Would be particularly interested in gentrifying neighborhoods & value-added opportunities.
I will be in Phoenix next week to start looking at properties.
Any input/suggestions are greatly appreciated!
Best,
Matthew