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Colby Pool
  • Phoenix, AZ
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Are these good rentals?

Colby Pool
  • Phoenix, AZ
Posted Dec 10 2017, 18:24
Hey, I’m new to investing in rentals, and I️ have found two townhomes in central Phoenix that I️ can purchase for $150k each. They are in the same complex and I️ can rent them each out for $1700 per month. The HOA is high (around $400 per month) but includes water and electricity. Also, I️ am estimating $600 in property taxes based off of previous tax years. My goal is to grow a rental portfolio, but I️ want to use as little actual out of pocket cash as possible. Does anyone have any thoughts as to whether these are good investments? Also, what are some strategic ways to put down as little cash as possible if sellers are NOT willing to carry? Any thoughts are much appreciated!

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