All Forum Posts by: Pamela Sandberg

I second Aaron and Kiera. Like Tucson, Phoenix properties appreciate really well. Unfortunately, this means that the entry point is high, and this makes it difficult to cash flow. But both rents and property values are rising quickly and reliably. If you can break even or cash flow just a little for a year, you'll be able to raise rents or do a cash-out refinance to really open up your options. 

I have a great lender who instructs on 203(k) loans - I'll DM you his info, if that's okay. 

House hacking is a really great option in the Phoenix area! There are always plenty of students in the Tempe area, but there are also community colleges all throughout town. It's a great way to have roommates pay your mortgage while you save cash for more investing. 

As far as strategies go, cash flow is tight in Phoenix now because we've been appreciating so much. That's why other strategies (like house hacking, or potentially flipping) are a little easier to pull off. Happy to answer any questions I can about different parts of town, different strategies, etc.!

There are a lot of great opportunities in the Phoenix area. It depends on your financial strategy, geo area, etc. Happy to chat about your goals!

Re: job growth as a metric, look at the TYPES of jobs in the area. Here in Phoenix, we have big job projections across a wide range of industries. Some of these will be hit by the coronavirus but others will not. Compare that to, say, Las Vegas. Their jobs are largely in the hospitality and entertainment industries. That job market will likely take a huge hit that affects their housing market, too. 

You would be well positioned to sell right now. Small MF (2-4 doors) has very limited inventory here in Phoenix, and investors are always looking to pick these properties up!

Depends on your investing goals. The "hot" areas are Tempe/Chandler/Gilbert. High entry point, but very low vacancy and rents are rising quickly. You can buy cheaper in other parts of town, but you might face higher repairs, less reliable tenants, etc. 

We've been appreciating SO quickly that it can be difficult to cash flow anywhere in town. Some investors have looked to outlying areas (Casa Grande, Apache Junction, AZ City) with much lower entry points. Lower rental income and a bit more vacancy, but much easier to cash flow.  

It completely depends on your investment goals and the strength of the long-distance team you put in place. Phoenix is very popular with Cali investors (both because of the lower entry point and the close distance). If you get a team you trust in place, it doesn't have to be overwhelming or risky to invest long distance. Happy to answer any questions I can about the Phoenix area!

Phoenix has been a VERY popular destination for Canadians (both investors and those who want a second home for the winter). Happy to answer any questions I can about the area!

I may be biased, but the Phoenix market is a great option for SoCal investors. Much lower entry point, healthy and reliable appreciation (even through COVID), and we're only a short drive or flight away when you need to be at the property. Happy to answer any questions I can about the area!