Where in AZ are you investing for CF and Why?
Hello BP members!
I am new to REI and joined BP several months ago. We live and Turlock, CA and are looking for buy and hold multi family opportunities for cash flow. Unfortunately our area will not support cash flowing properties (at least ones listed on the MLS). I have looked at other cities up to 2 hours away and it looks like the same story to me. Hard to cash flow even with 25% down. This has led me to look out of state, something I would not have thought about even 2 months ago. I read Brandon Turner's book on rental property investing and am working through David Greene's book on Long distance investing.
I am looking at both OH and AZ as possibilities of areas to invest. OH because I spent about a month and a half there in 2012 doing missionary work and AZ because my sister in law and her husband live in Gilbert. I did not realize how beautiful AZ is! I love the low maintenance landscaping! I tried to convince my wife to let me do this to our front yard but she was not interested :(
Anyways I started I thread asking folks where they invest in OH and have learned a great deal so I figured why not do the same in the other area I would like to invest. Check out the thread here. Where in OH are you investing and Why?
Wanted to know for those of you investing in AZ where are you investing? I am looking at Phoenix and suburbs like Mesa, Gilbert, Chandler. Any other I should be looking at? I would love to get $200 per door cash flow if possible, but am quickly learning this is a unicorn in Northern OH and maybe the same in AZ. I am flying to AZ in December for a wedding and would love to meet up with investors or RE agents and learn about the area.
If you are near to me in CA I would love to meet with you and discuss what you have learned about investing in AZ.
Thanks you all for your input!