Zillow Advice: Neighborhoods - Investor looking for a good neighborhood and realtor

"Why only Phoenix? "Because ...

Wed, 29 Apr 2009 03:14:00 GMT

"Why only Phoenix? "
Because Westridge88 is moral man, he try to avoid the sin cities, even if there are the beauties like Linda, he still don't bothers.

Have you chose a Realtor ...

Wed, 29 Apr 2009 02:45:00 GMT

Have you chose a Realtor Yet?

Why only Phoenix?

Tue, 28 Apr 2009 04:17:00 GMT

Why only Phoenix?

azrob,If you are going to ...

Mon, 27 Apr 2009 22:38:00 GMT

azrob,

If you are going to buy a home for 120-150k in the phoenix area...where would you put your money...if you are uncomfortable posting here please email me.

sub 20K properties do exist ...

Mon, 27 Apr 2009 22:28:00 GMT

sub 20K properties do exist in phoenix. Just be careful you don't get high velocity lead poisoning on or near the property. I'm not interested in buying these kinds of homes for me, and not interested in working with clients on these either. Forget the risk of losing money, the risk of losing life is more serious.

You guys do know there is a reason why entire neighborhoods in Detroit sell for basically $0, right? Entire parts of west phoenix have the potential to become the detroit of the west...

Daniel,Please post your email ...

Mon, 27 Apr 2009 21:47:00 GMT

Daniel,

Please post your email address here...I tried to copy it from your page but did not seem to work. As I have posted here, I have purchased a property which I will live in for 6 months at a time...I don't really have any interest in being a slum lord(severely beat down rental homes) however I am interested in purchasing decent properties which would attract a good rental crowd...not the unemployed guy that smokes dope all day :-). I would appreciate more feedback on this topic. The first purchase I have made will be a second home for myself along with being a higher end rental when I am not around. Any feedback is appreciated.

I've been working mainly ...

Mon, 27 Apr 2009 16:49:00 GMT

I've been working mainly lower income housing. Prices around 20k in Phoenix. I have many investors interested in these homes. They're cash only properties, which if that tells you anything, they need work. Most stil have their AC units and only need new carpet and possibly a new kitchen. I recently was able to get a duplex contracted for 10k..no joke. I would try and stay away from properties that costs you over 30k. Just for the cash flow fact. If you can buy 3 properties around this price for the price of one nice looking homes which is better? 3 homes x 500 per month rent = 1500. One home for 90k rent = 900 at best. You'll have 600 per month cash flow. Now that's a smart investment. Even better, let's say 3 of these properties appreciated 100% to 60k. That's 90k in appreciation. The most a 90k could appreciate anytime soon would be 140k. Difference of 40k. All the numbers point to lower income housing. Banks are giving these homes away. The proof is in the numbers.

That area code has many quality ...

Sat, 18 Apr 2009 16:48:00 GMT

That area code has many quality homes available. Are you looking for short or long term investments? Whats the cap rate you would like to have on these properties etc?

Why so rude Dubble? ...

Fri, 17 Apr 2009 02:16:00 GMT

Why so rude Dubble? This site is for people to find homes (GET IT?) Whats the matter dont you have a house? Some of us like to invest and make money so we can pay for the freeloaders with our large taxes, So why dont you go live in the Desert I hear tents are cheap!!! Leave us honest people that are looking for investments alone.......Oh by the way right now there are thousands of houses setting out there empty and when this happens this is not good for that neighborhood, It can cause the neighbordhood to lose its value.....Did you stop to think that this person has worked hard all their life and now wants to invest her savings while the market is good for the buyer????

Sure Dubble, I will ...

Fri, 17 Apr 2009 01:47:00 GMT

Sure Dubble, I will leave all the good deals to you. There are enough deals out there for everyone who is ready to buy. Don't make me feel bad for supporting my family!