All Forum Posts by: Scott Anderson

I can't speak for west valley or north valley but in the east valley the returns are not looking good. the amount inventory sub 200K is limited and questionable. I would say the going rent to purchase is right around .6 so a 200K house rents for 1200-1300. If you plan on taking out leverage your cashflow is going to virtually $0 in my opinion as an AC or any major repair would wipe out years off cashflow.

Exactly. Though I do see rent can be up to $1400 depending on the home.

I don’t know how I’m ever going to get started if I have to put 40% equity into a home just to get income.

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What kind of monthly income is a good target for the phoenix area (SFH)?

I'm looking at MLS homes in the $150-200k range self managed/maintained hoping for 90% occupancy.

Is there something I'm missing? or is this market just too competitive to get much income per SFH. Still very new to this so maybe I'm just dreaming.

Is it a requirement to buy cash well below market to get any sort of income right away?

Is there a better type to look at? Condos/patio homes? I don't want to go too far down in price to keep higher quality tenants, but being so new I'm open to better plans as mine clearly could be flawed.

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Sounds great!

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Hey Everybody, I'm a Realtor in the southeast valley area (Mesa, Gilbert, Chandler, Apache Junction, Queen Creek, San Tan, Valley and more) of Phoenix, AZ. I'm looking to start investing and would love to partner up with an investor to learn from and to be your agent while learning. Helping each other out!

When can we start!??

-Scott Anderson - Coldwell Banker Residential Brokerage

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All Forum Posts by: Scott Anderson

Scott Anderson has started 17 posts and replied 204 times.

Post: Phx income target SFHs

Post: Phx income target SFHs

Post: Realtor Looking to Help investors in AZ

Post: Realtor Looking to Help investors in AZ