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Investment Property in Phoenix Area


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2021 Dec 20, 2:17pm   1,402 views  50 comments

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Hi guys,

anyone here owning/managing investment property in the greater Phoenix area?
Looking to buy a SFH as a rental. Which areas do you recommend and why?
Do you know a good local rental property management team?

low taxes, low HOA's are my main reasons to invest there along with increasing rents. This will be a long term investment for me.
Any feedback/advice is much appreciated.

Thanks a lot in advance!

« First        Comments 41 - 50 of 50   

41   HeadSet   2022 Apr 25, 11:32am  

WookieMan says
I'm going to do a lot of the work and have the ability to actively be there daily.

I am sure that if you do not mind, pics of the progress would be appreciated on this blog. Also stuff like poured or block, HVAC style, tank or tankless, recirculating, and so on.
42   WookieMan   2022 Apr 25, 2:21pm  

Bitcoin says
With 2024 being an election year I bet on much lower interest rates by then. So 2023 might be the time to buy another rental for me and then refi later.

Yeah, I have no concern about interest rates honestly. I go by the 3x's income rule. Appraisal is the biggest issue with construction financing. We could easily spend $1M. There are not million dollar houses here unless you have acreage, so we're keeping it chill, but upgrading the fuck out of everything. In town we will have the nicest house. Building next to neighbors who won't build on their lot. So we'll legit have close to 1-2 acres and we're both cool sharing the land for kids, our pool and other shit. Might pick up the corner lot with another friend. Between us all we might end up with 700-800' of frontage in a subdivision.

Not looking forward to the process. We'll be upside down out the gate. We love our town and need more space so fuck it. Not the most responsible decision, but we'll be here for 10 years minimum and can afford $600-700k no issue. Concerned it will handcuff our retirement property plan, but we'll figure it out. We have time. If inflation continues to explode it might be the right decision for a primary home. The loans now are all pretty solid.
43   zzyzzx   2022 Sep 13, 6:02am  

https://www.bizjournals.com/phoenix/news/2022/09/11/arizona-home-lot-sizes.html

Arizona has some of the smallest average home lot sizes in the country

I would have guessed Florida.
44   WookieMan   2022 Sep 13, 6:40am  

zzyzzx says

https://www.bizjournals.com/phoenix/news/2022/09/11/arizona-home-lot-sizes.html

Arizona has some of the smallest average home lot sizes in the country

I would have guessed Florida.

AZ is bad. Just got back from Montana last night, those tract subdivisions are just as bad there. Tiny fucking parcels. I guess easier to mow or in the case of AZ less dirt to put on it and buy overpriced vegetation.

What blows my mind is there's land as far as the eye can see (besides the damn coastal fires burning and smoking the place out) yet a simple 3/2.1 is $400k. In Montana... My buddy spent $350k on his house. It's absolutely builder grade shit. First time out in I think 2-3 years. I'd run from Bozeman/Belgrade area. If you're looking for an overpriced small market that is it.

Also, Denver can eat shit. That airport has gone to hell and quickly. I used to like it. They expanded too much since it's a pre-Rockies central hub. They added like 20 gates and no restaurants in terminal C. Talking 30-40min waits at an airport to get in for bad food that you'll miss your connecting flight for.

Sorry, bitching. 3 hour drive from Missoula to Belgrade, flight to Denver and then Shitcago and I'm a bit burned out.. 6am to 12am. Non-covid it was the first time I didn't have a beer on a flight ever of age. 2 concerts and 4k' elevation change can burn you out.
45   FortwayeAsFuckJoeBiden   2022 Sep 13, 7:07am  

Bitcoin says

First of all, HOA & Taxes are less than half compared to SoCal. Home insurance and utilities in AZ are less expensive as well.
Then he talks abo


are they fixed? in idaho they aren’t fixed, doibled this year because of many people moving in.

the one good thing anout socal was fixed property taxes if you bought low.
46   FortwayeAsFuckJoeBiden   2022 Sep 13, 7:08am  

zzyzzx says


https://www.bizjournals.com/phoenix/news/2022/09/11/arizona-home-lot-sizes.html

Arizona has some of the smallest average home lot sizes in the country

I would have guessed Florida.


when we visited Florida (not with Elena), we liked it. it was nice there, humid but nice. houses were nice size
47   WookieMan   2022 Sep 13, 8:14am  

FortwayeAsFuckJoeBiden says

when we visited Florida (not with Elena), we liked it. it was nice there, humid but nice. houses were nice size

Housing is weird. I have no interest in a large house. I'd like acreage, but I'm cool with a small house. I don't want to be on top of neighbors. 6-8' setback lines can eat shit. If I can pee on my neighbors house from the window, that's too close. Which is all of AZ in most cases besides the wealthy areas. And the more ghetto areas all have those cinder block walls between yards.
48   HeadSet   2022 Sep 13, 10:39am  

WookieMan says

If I can pee on my neighbors house from the window, that's too close.

Even cooler if you can land the stream in his toilet through his open window.
49   FortwayeAsFuckJoeBiden   2022 Sep 13, 10:54am  

WookieMan says

FortwayeAsFuckJoeBiden says


when we visited Florida (not with Elena), we liked it. it was nice there, humid but nice. houses were nice size

Housing is weird. I have no interest in a large house. I'd like acreage, but I'm cool with a small house. I don't want to be on top of neighbors. 6-8' setback lines can eat shit. If I can pee on my neighbors house from the window, that's too close. Which is all of AZ in most cases besides the wealthy areas. And the more ghetto areas all have those cinder block walls between yards.


tennessee… cheap acerage
50   zzyzzx   2022 Sep 13, 11:34am  

FortwayeAsFuckJoeBiden says

when we visited Florida (not with Elena), we liked it. it was nice there, humid but nice. houses were nice size


No attic, no basement, and a tiny lot. I get self storage places do well in Florida.

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