Best Buy and Hold Markets In Arizona.

Best Buy and Hold Markets In Arizona.

Member since 2019 · 15 posts · 4 votes

Hi Everyone, I own a couple of rental properties in Baltimore but we would really like to expand into the Arizona market.  Specifically, Phoenix, Mesa, Scottsdale Areas (Open To Options).

My current properties utilize the BRRRR method and have seen a lot of success. So I would like to know if anyone has had a lot of success in certain cities and what the best neighborhoods in those cities for investment. Both from a Turnkey buy and hold investment property and BRRRR opportunities. Since I am not from the AZ area the turnkey may be a better solution for me unless you guys know of any amazing GC's in the area.

Would love to connect with anyone specializing in those markets especially scottsdale.  Other Investors willing to lend some knowledge, Agents Familiar with rental property investments in these areas., Architects, GC's, Go To Maintenance folks Ect.

Thank You in Advanced for any helpful advice. 

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Realtor · Goodyear, AZ · Member since 2015 · 152 posts · 59 votes
5y

I’m a Realtor in Goodyear, Arizona and this area is booming! Investors are currently building new builds and immediately renting them out upon completion because families moving here are having a hard time finding rentals and/or temporary housing while looking for a home to purchase or waiting for their new builds to be completed. There is a particular demand for short term rentals that will accept dogs as many families have pets but not many rentals are willing to accept them. Let me know if I can help in any way!

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  • Rental Property Investor · Buffalo, NY · Member since 2020 · 29 posts · 30 votes
    5y

    Hello! The Phoenix area is BOOMING. Prices have skyrocketed in the last year. I am actively investing in the west valley; Goodyear, Avondale, Litchfield Park areas. Luke Airforce Base is here and so there is always a strong rental market. Lots of new builds as well. Hope that helps and good luck!

  • Member since 2019 · 15 posts · 4 votes
    5y

    Thanks Caleb! Great insight. Do you usually buy turn key or are you renovating? 

  • Rental Property Investor · Buffalo, NY · Member since 2020 · 29 posts · 30 votes
    5y

    @Josh Gosnell I have only been doing turn key to this point. Please keep in mind im pretty new to this! I am currently waiting on a new construction. There aren't a ton of BRRRR properties out here, and when there are they seem to disappear pretty fast. Really good properties are gone in about a week.

  • Realtor · Goodyear, AZ · Member since 2015 · 152 posts · 59 votes
    5y

    I’m a Realtor in Goodyear, Arizona and this area is booming! Investors are currently building new builds and immediately renting them out upon completion because families moving here are having a hard time finding rentals and/or temporary housing while looking for a home to purchase or waiting for their new builds to be completed. There is a particular demand for short term rentals that will accept dogs as many families have pets but not many rentals are willing to accept them. Let me know if I can help in any way!

  • Member since 2019 · 15 posts · 4 votes
    5y

    @Erin Estes Thank you for the insight!

  • Realtor · Goodyear, AZ · Member since 2015 · 152 posts · 59 votes
    5y

    My pleasure! Happy New Year!

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