Multi family housing phx

[Shawn F.]

I currently live in Minneapolis and planning to move to Tempe.  The only thing holding me here in Minneapolis is my job.  I have a very easy union trucking job making 120k a year but hate the freezing winters.  I’m looking to purchase my first investment property in Tempe, AZ.  Looking to start with something small.  I have seen several duplexes for about 250k-300k.  My question is if it’s worth the investment?  Will I be able to make enough on the rent to cover expenses each month and make a profit?  There are lots of apartments complexes in the area which makes me think “Why would tenants rent a place in a duplex, when they can have all the amenities of a apartment complex?”  

[Tim Swierczek]

@Shawn F.  your question is a good question and the answer is pretty simple. Some people like country music some people like rock some people like rap. Other peoples favorite color is blue orange or purple. Some people like pick up trucks others like smart cars. When it comes to your question I can tell you’re an apartment person with amenities but a lot of people prefer to live in places that are more like a home with more privacy and a yard. For each individual it’s different but there’s a lot of people who would never consider living in apartment only in the house and for everyone of those there someone that’s the opposite would prefer the amenities and not have to deal with a house. You are market if you choose to buy houses and turn them into rentals will be those who prefer privacy yards generally more space and they don’t care about workout rooms and party rooms.