How To Choose Which Area Of Arizona To Invest In
Our parent company GoRenter.com is one of Arizona's largest and most trusted property management companies in the Valley. With years of experience renting homes in Arizona we have a pretty good pulse of what areas of the Phoenix-metro market rent fast, and for more money. If our buyers are looking to build their rental portfolio's we teach them to work backwards from rental comps and buy in price range that produces good cash flow as well as has potential to earn future equity. If they are trying to fix-n-flip their way to riches we help them buy Arizona investment properties at huge discounts in areas that have low days on market and will sell quickly. At GoRealEstateInvestor.com we offer a FREE investment consultation to anyone that is looking to invest in foreclosures for sale in AZ, or has a retirement fund and want to buy real estate using their IRA.
Long Term Buy And Hold Investment Strategy
When building a rental portfolio it is important to do your research ahead of time that way you focus on areas of the Valley that meet your criteria. Typically we see Arizona investment properties in the price range between $75,000 - $175,000 produce the best returns. This is for a number of reasons. One because homes in this price range typically rent quickly and for stable market rents between $975 - $1500 depending on the upgrades to the property. They also have a lower vacancy rate due to it being a middle income price range producing a greater return on investment in the long run. North Phoenix, Mesa, Tempe, South Scottsdale, Chandler, Gilbert, Avondale, El Mirage, Queen Creek, Surprise and Glendale are great areas to focus on in this price range of rental home. The East Valley seems to rent quickly as well as North Phoenix and Glendale. Many of our investors are snatching up great discounts on homes in El Mirage, Surprise, and Queen Creek at the foreclosure auction more for the long term equity gains than the easy rental and cash flow. Either way GoRenter.com finds homes for rent in Arizona for renters and can quickly help you find a suitalbe tenant for your long term buy and hold rental home.
Quick Fix-N-Flip Investment Strategy
If you are more of a turn and burn investor looking to make a quick buck then sitting down with one of our investment analysts will give you an idea of what areas of the Valley you should be focusing on. Many fix-n-flip investors try and manage projects that are close to their primary residences that way they can easily drive to the properties and observe the progress of the flip. Even though this is convenient this might not be the best choice in today’s marketplace. Many lower end homes in Maryvale Terrace or Sunrise Terrace in West Phoenix are being sold at fantastic prices (under $55,000). These are block construction homes built between 1950 - 1970 that can be fixed up and sold for a small profit quickly. We have one investor that has purchased over 60 of these lower end investment homes and has an average return of $11,000 a flip after all expenses and does 7-10 per month.
Moving up to the next price range of property will produce you greater returns, but also cost more to purchase and fix up. Remember that we buy homes at auction which means we pay cash for our properties and you pay cash when you buy the investment from us. Even though we have hard and private money set up on these houses you still have to have money to put down as well as cover the rehab costs. Investment Homes in Anthem, Mesa, Chandler, Gilbert, and Tempe obviously cost more which means you will have to put more money down as well as the houses are larger which means you will have to spend more in rehab to fix up. Take this into consideration when deciding what price range you plan on investing in. We have a few investors that love this type of investment property because they plan on the future equity paying off for today’s investment costs.
Remember GoRealEstateInvestor.com Can Be A Valuable Member Of Your Investing Team
We pride ourselves on our ability to find, analyze, acquire, fix-up and rent investment properties here in AZ. We want to earn your business and become a valuable member of your real estate investing team. From online financial tools such as our return-on-investment calculator to hands on sound investment advice our whole goal is to make you a profitable investor. Take the time to contact us at 602-512-4416 or browse our list of available Arizona investment properties on our website GoRealEstateInvestor.com.