Updated almost 8 years ago on . Most recent reply
New investor looking to pick someones brain
Back story,
My wife and I moved from Omaha to Phoenix for Work 7 years ago. 6 years ago we bought our house in Phoenix for $157,000.
I got another job opportunity in Omaha and we moved back.
Before we moved, we toyed with the idea of keeping our Phoenix house as a rental, but ultimately decided to sell it, netting a little over $70,000.
We have used some of that money to pay off student loans, and other debt. We were going to use the remaining to reamortize our loan. When we looked into it, the $30-40k that we were going to apply to it would only decrease the payment by a couple hundred dollars a month.
So instead we are looking to buy a rental property, and I’m looking to make a few contacts to help us start investing into rental properties locally and answer some questions.
-Tony
Most Popular Reply
Tony Cimino
Hello from another Arizona transplant to Omaha. I still own my properties in Phoenix and Tucson.
The market here is very different from Arizona and requires a little different strategy since we don't experience as much appreciation and there aren't masses of California exiles moving here.