I would like to know on how to research the cities in which there could be a cash flow on property after 20% down. OR are there any cities that you guys have in mind that have returns as such. Currently, in Phoenix market. I barely see a decent property returning 100$ cashflow after 20% down. It was way different a year half ago.
Queen Creek, AZ · Member since 2014 · 2k+ posts · 1k+ votes
4y
@Sai Medavarapu I would suggest waiting 6 months. Supply is ramping up just as demand is dropping off. I think if you are patient you will be rewarded. Be prepared for higher financing rates and lower prices but don't sweat the rates, You can always refinance latter when rates drop.