Investing in Phoenix MSA remotely
Hi all,
This is my first post, I am excited to be part of the community.
A little about myself. I am an East Coast transplant living in San Diego, California. After purchasing my first home last year, my wife and I have started looking towards purchasing additional properties for long term cashflow. We are focusing on Phoenix due to the perceived strong fundamentals, diversified economy and relative affordability to purchase multiple assets over the next couple years. Hold period should be a minimum 10 years, unless capital appreciation justifies selling :). We will look to leverage a property manager once I have something under contract.
Here's what i'm hoping to learn.
1. Who should I be working with as a remote investor? ( I plan on traveling there once I have a plan in place) ( Local agents please feel free to PM me)
2. What submarkets make the most sense to research? ( i'd like to find something relatively turnkey, cashflow positive and under 350,000)
3. Is my budget reasonable? My goal is to put down 20% and go conventional route for financing.
Looking forward to hearing your replies!