Phoenix Multifamily Advice

[Andrew De Michaelis]

Hi all - new to BP and my brother and I are looking to make first investment in real estate. Phoenix hits the mark for what we want in terms of cash flow, demographics, and price point. For those active in the market what areas are solid, stable performers for (out-of-state) owners? We are focused on duplex, triplexes but open the SFH if the price/ROI is there. Turn-key or minimal rehab.

Our broker has directed us to Tempe/Mesa for MF, Gilbert and Chandler for more SFH. Anyone have experiences to share on these neighborhoods?

[Chad McMahan]

Originally posted by @Andrew De Michaelis:

Hi all - new to BP and my brother and I are looking to make first investment in real estate. Phoenix hits the mark for what we want in terms of cash flow, demographics, and price point. For those active in the market what areas are solid, stable performers for (out-of-state) owners? We are focused on duplex, triplexes but open the SFH if the price/ROI is there. Turn-key or minimal rehab.

Our broker has directed us to Tempe/Mesa for MF, Gilbert and Chandler for more SFH. Anyone have experiences to share on these neighborhoods?

Hi Andrew!

I love that you and your brother are diving in! That is exciting and I wish you both the best.

As far as areas go, Arizona has a lot of hot areas right now. If you both connect with a local realtor, many of those questions will be answered by the local expert you work with.

Unfortunately, I don't have sage Phoenix or Tucson or other specific Arizona advice out side of my own area. I have horse blinders on, as Sedona has some of the best appreciation and ROI in the country right now- but of course it's expensive to buy here. You'll be in great shape in Phoenix- investors are doing great, there.

Best of luck to you both.