Arizona Real Estate Investments
August 20th, 2010
Question: is it good to invest in Real Estate in arizona????
I plan to buy a home for investment in arizona. but can i rent it for more than a $1000.00 mortgage?
Answer: It is good to invest in Real Estate anywhere, provided you do your homework.
Don’t overpay for a property, and don’t go negative cash-flow for too long.
As far as what you can rent a property for, talk to Real Estate agents or Property Management Companies and see what rents are going for to a comparable property. Look in the newspaper for similar properties in the same area as to what others are charging/paying for rent.
Also, make sure you know what your total mortgage payment will be including taxes/insurance and any additional expenses that may occur.
Arizona Real Estate Investment: Portfolio Property 2
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