All Forum Posts by: Marcus ONG

Which district of Phoenix is considered as better and which one to avoid?

What that typical cap rate at Phoenx?

Thank you for the link George... and Mitch for the great advice.

Well, I was looking thru' the websites Trulia and Zilliow in the Miami area initially....

The Mutli family there seems very expensive and the SFH are mostly sold vacant.

As I was searching, I found Phoenix with sub 300k multi family and the number seems to work... And of course, I have read about Phoenix here and there even though I have not been there before.

I also tried looking into New York and San Fransico area but they are costly...

Any recommendation will be helpful...

Thanks in advance.

Hi

I am new to investing in the USA.

Is Phoenix a good place to invest in? Especially for sub 300k multi family apartments...

Marcus

Hi,

I am wondering if any bank is willing to lend to a non resident without credit record?

I am targeting some sub 300k mutifamily at phoenix area and I thought that if the number works, the banks should be able to lend right?

BTW, Have to thank Mr J.Scott for the wonderful analysis spreadsheet. Thank you...

Marcus

Hi..

I am new to this forum.

I heard that setting up an LLC in Neveda is the best because of the privacy policy there. Is that true?

Hi.

I am new to this forum or even investing in USA.

I have been struggling with the very question.

I saw some sub 300k multi-family units in Phoenix and am exploring the possibilities.

Most SFH seems to be sold vacant and I need to get a tenant myself after the sales.

Hi

Is the area around Fairmount Ave and Denton Lane at Phoenix a good location?

Found some multi families there... Appreciate some advice on the location. will post the numbers soon...

Thanks.

Marcus

Hi

I thought that it depends on the location and its potential and to go where the potential lies...

I am looking at Phoenix Arizona and wonders if its a good place to start my 1st mutlti there...

Initially I thought about florida miami area because the prices has come down 70% from its peak. but the vacancy situation there is a little worrying...

I wanted to buy into a good location with good tenants. don't mind paying a little more for it so long as I get positive cash flow.

BTW, is using cap rate of 12% at Phoenix Arizona reasonable?

As I am a non resident, I will need the services of property management companies with a "öne stop shop" concept. Appreciate if someone can point me in the right direction...

Thanks guys...

I wonder if it is possible to get a multifamily for 200k?

I saw some in Phoenix but it seems very far from city centre.