Developer · Lithia Springs, GA · Member since 2019 · 2 posts · 3 votes
The State of Arizona has recovered very fast from the Global Pandemic. There has been a lot of companies building manufacturing plants to the state. One in particular is Intel. I want to know from this community of genius real estate investors how do/would you plan to maximize this opportunity?
If you want more context here is a link with more information regarding corporations building here:
Specialist · Riverside, CA · Member since 2015 · 6k+ posts · 3k+ votes
5y
The strange thing about the Phoenix metro is the East Valley is starting to run into barriers and having to expand southward but unlike many cities that have this problem like LA or San Francisco it isn't the oceans or mountains that block development but the native american reservations. That being said the city still has room to grow outward and it is not yet clear which cities are likely to become the secondary job centers.
Specialist · Riverside, CA · Member since 2015 · 6k+ posts · 3k+ votes
5y
The strange thing about the Phoenix metro is the East Valley is starting to run into barriers and having to expand southward but unlike many cities that have this problem like LA or San Francisco it isn't the oceans or mountains that block development but the native american reservations. That being said the city still has room to grow outward and it is not yet clear which cities are likely to become the secondary job centers.
The strange thing about the Phoenix metro is the East Valley is starting to run into barriers and having to expand southward but unlike many cities that have this problem like LA or San Francisco it isn't the oceans or mountains that block development but the native american reservations. That being said the city still has room to grow outward and it is not yet clear which cities are likely to become the secondary job centers.
Five years ago when I was in grad school at ASU we met with the people that developed Eastmark and also talked about Verrado... basically the exurban developments are under performing because they aren't finding as many people that want to live on the edge of town.
Real Estate Consultant · Member since 2019 · 79 posts · 63 votes
5y
@Ernest A. Curry given how fast the SF market is growing (and an expensive market to get into), I'd be all over MF syndication. I'm biased, as I both invest in them and raise for them, but a very select few. I'm also SEC Registered, specializing in private placement capital into MF syndications. We have a syndicator who works only in Phoenix, and they are doing phenomenally. The rental growth, the population growth (#1 5 years running), the lack of supply all mean a great opportunity for investors.
Real Estate Agent · Scottsdale, AZ · Member since 2018 · 412 posts · 366 votes
5y
Hello everyone in this thread. Here's an easy way to know where the growth is going in Metro Phoenix and Maricopa County. It has been planned out for years.
In broad strokes, the Valley is expanding to the NW and SE.
I'm working with investors who are buying single-family homes in the NW Valley, SE Valley and the West Valley. And speaking of Verrado, a BiggerPockets investor I'm working with is closing on two single family homes there, where inventory is low for great rentals.
Something to remember is that there are employment centers all around the Valley. Few people commute to downtown Phoenix. With Taiwan Semiconductor building in North Phoenix, there is growing interest there. Of course Intel's announcement of its $2 billion investment in Chandler is attracting attention, and all the surrounding communities will benefit.
I'm out on the mean hot streets of Phoenix every day FaceTiming home tours with investors, so feel free to ask me anything.