All Forum Posts by: Frank Mendez

Hello BP,

Im a new investor looking to purchase my 2nd property for long term investing. I live in the Phoenix metro area, with the market being so competitive here I was thinking of purchasing a new build on the Westside.

I've been looking to purchase in the west valley: Tolleson, Goodyear, Avondale, and Waddell areas. My thought process is new builds are 1st come 1st serve and won't have to worry about the competition. 2nd, my plan is to purchase, live in it for a year and then purchase my next property. Given the current market and projections for the Phoenix metro area, im banking on appreciation and cash flow as rents/market increases.

Thoughts?

@Justin Tomsic following