scottsdale is not currently ...

Thu, 18 Jun 2009 06:32:00 GMT

scottsdale is not currently a good investment market for rentals. While prices have fallen, particularly condos, let me share a deal a friend who was considering buying just got:

13 months lease at 810 a month on a two bedroom, with months 7 and 13 free. That works out to what? $685 a month? I advised her to take that and wait a year to buy!

In that area, a 2/2 condo as nice as this rental will sell for 120K or up; throw in 200 a month in hoa, 50 for insurance, and at least 100 a month for maintenance/vacancy and what are you left with? 335 a month on a 120K investment? IF everything goes perfect? rental management will cost you 10%, plus 500 every time it vacates, and that's actually one of the better deals you can get, from someone who knows how to do this, not a lazy agent who just puts it on the mls!

vacancy is high and climbing, rents are under downward pressure...

This is an easy answer for ...

Thu, 18 Jun 2009 05:25:00 GMT

This is an easy answer for our company. It's the 30k SFR homes. For the 200k you're willing to spend you can buy at least 6 homes, yielding 500 per month in rent. Compared with one home...best case scenario, 1350 p/month is lease...and that's if it has a pool. We are doing several deals a day for investors around this price range.

Zillow Advice: Investing - rental potential around scottsdale

scottsdale is not currently ...

This is an easy answer for ...