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Updated almost 5 years ago on . Most recent reply

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5
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1
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Jeff Wong
  • Orange, CA
1
Votes |
5
Posts

Remote investing in Arizona

Jeff Wong
  • Orange, CA
Posted

Hello,

I currently have a fourplex property generating OK income in Bakersfield, CA. I am currently living in Southern California. I originally went with Bakersfield because it was quite close to me but have realized I don't necessarily need to be nearby.

I am interested in getting another income generating property out of state and looking around at listings in Arizona. I have a budget of 300k sale price, and would prefer to avoid really bad areas that attract undesireable tenants. But i'm not familiar with the area. 

Does anyone have tips and suggestions on getting into the Arizona market, or would suggest I look elsewhere? Thank you for the help!

Most Popular Reply

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51
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36
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Chris Tabanico
  • Rental Property Investor
  • Arizona/Ohio/Michigan
36
Votes |
51
Posts
Chris Tabanico
  • Rental Property Investor
  • Arizona/Ohio/Michigan
Replied

Hi Jeff,

Great job on the networking side as that is key to success in long distance real estate. I live in AZ and invest in AZ as well as the Midwest. Depending on what your goal is for income generating (I assume you’re looking for cashflow rather than appreciation), there are different routes to take. For Sub 300k, I would look at areas in 85027 and 85053 part of North Phoenix. There are many parts of Gilbert, Chandler, Mesa, and North Phoenix/Glendale as well. I would suggest joining Facebook groups for Phoenix real estate investors. Cashflow is for the most part OK by my standards (look for $300-400 per door)

Personally, I cashflow most from AirBNBs in Phoenix, and I’m a firm believer in the Appreciation upside our market has to offer. My Midwest investment properties (SFRs/Apartment complexes) are exceptional for cashflow and I’m not too concerned with the lack of or negligible appreciation growth. It really just depends on what you’re looking for. Feel free to PM me if you want to chat further on it. Best of luck! 

Chris  

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