aratipandu Posted February 16 Report Posted February 16 9 hours ago, Sizzler said: Thanks bro. Lot of people are quietly buying in Arizona whether to retire or invest and eventually relocate etc, Arizona and Nevada have serious water shortage issues anna...Hoover dam is at it's lowest capacity now... future retirement there can be uncertain and this will definitely have an impact on real estate values 1 1 Quote
karna11 Posted February 16 Report Posted February 16 Investment ki antunnav, why new built bro, why don't u check old builts < 5 to 10 yeates Quote
FrustratedVuncle Posted February 16 Report Posted February 16 10 hours ago, Sizzler said: Just checking if anyone from here bought homes around Phoenix area for rental property. Prices are still high but some lenders like Lennar are offering lower rates. Buying new property for rental? Risky kada. Is there positive cash flow? Quote
Sizzler Posted February 17 Author Report Posted February 17 13 hours ago, karna11 said: Investment ki antunnav, why new built bro, why don't u check old builts < 5 to 10 yeates Avi kooda chustanu bro… Tampa, Phoenix, Charlotte lo ekkadina unte kooda chustanu. Quote
Sizzler Posted February 17 Author Report Posted February 17 12 hours ago, FrustratedVuncle said: Buying new property for rental? Risky kada. Is there positive cash flow? No positive cash flow bro… just small $ going towards principal every month anthe… Rental monthly mortgage pay off cheyachu.. Capital appreciation edhina unde places ani alochistunna Quote
aratipandu Posted February 17 Report Posted February 17 2 minutes ago, Sizzler said: Avi kooda chustanu bro… Tampa, Phoenix, Charlotte lo ekkadina unte kooda chustanu. Anna...how are you planning to manage that property if you are not living in that city??? Quote
Sizzler Posted February 17 Author Report Posted February 17 22 hours ago, terminator_desi said: Builders are offering these low rates because inventory is going to reach all time high and buyers market just started in Phoenix.there will be huge price drops this year in Phoenix.check local Phoenix real estate YouTube channels.Also Already in desi WhatsApp groups investment home owners are begging for renters Thanks for the information. Probably will sit tight for few months and see what happens. Quote
Sizzler Posted February 17 Author Report Posted February 17 13 hours ago, csrcsr said: 3500 anna vastada anna rent? Already discounted interest so interest rates aithe tagavu at least next 1 year , new community ante additional prop taxes kuda undochu Antha radhu bro.. 2700-3000 varaku ravachu.. Phoenix lo property taxes low unnayi… 0.35 - 0.6% depending on neighborhood.. anduke konchem interested anipinchindhi… 1 Quote
Sizzler Posted February 17 Author Report Posted February 17 4 minutes ago, aratipandu said: Anna...how are you planning to manage that property if you are not living in that city??? Property management anukuntunna bro… Quote
Sizzler Posted February 17 Author Report Posted February 17 13 hours ago, Pavanonline said: Unless rent covers mortgage + property tax or comes close to it do not invest in rental property Agreed. Quote
aratipandu Posted February 17 Report Posted February 17 1 minute ago, Sizzler said: Property management anukuntunna bro… Anna...property management ollu rent lo oka % teeskuntaaru. you are already riding on tight margins...rent should cover property tax+ mortgage+property mgmt fee+occasional expenses like generic maintainance, wear and tear etc...ivanni aythe just break even aynattlu...on top of that, the property needs to appreciate for you to see a return on investment... Consider options like treasury bonds or index etfs anna based on your risk tolerance...on a long term basis (15+ yrs), you'll end up making more with less stress 2 Quote
terminator_desi Posted February 17 Report Posted February 17 16 minutes ago, Sizzler said: Antha radhu bro.. 2700-3000 varaku ravachu.. Phoenix lo property taxes low unnayi… 0.35 - 0.6% depending on neighborhood.. anduke konchem interested anipinchindhi… Sorry to disappoint you bro.even 2700-3000 rent kuda ravadam kashtam.salaries are not high in Phoenix as in CA 1 Quote
Sizzler Posted February 17 Author Report Posted February 17 7 minutes ago, aratipandu said: Anna...property management ollu rent lo oka % teeskuntaaru. you are already riding on tight margins...rent should cover property tax+ mortgage+property mgmt fee+occasional expenses like generic maintainance, wear and tear etc...ivanni aythe just break even aynattlu...on top of that, the property needs to appreciate for you to see a return on investment... Consider options like treasury bonds or index etfs anna based on your risk tolerance...on a long term basis (15+ yrs), you'll end up making more with less stress Thanks for the suggestion bro… Capital appreciation (along with an option to relocate in future) is why thought I about going after one of these places. I was close to buying one last year but then decided against it analyzing the positive cash flow etc. Even now, the interest is because of the incentives being offered for new constructions. I will consider staying put for few months and also explore your advice. Thanks again bro. 1 Quote
Sizzler Posted February 17 Author Report Posted February 17 7 minutes ago, terminator_desi said: Sorry to disappoint you bro.even 2700-3000 rent kuda ravadam kashtam.salaries are not high in Phoenix as in CA Sare bro… I will analyze better.. not going to rush my decision… appreciate your advice 🙏 Quote
Android_Halwa Posted February 17 Report Posted February 17 27 minutes ago, Sizzler said: Property management anukuntunna bro… Interest rates are eating away into margins, already negative cash flow and andulo property management etc inkoka 5-10% potadi…new house and expect no big issues but Arizona la AC breakdowns etc frequent ga avutune vuntayi. And Greater Phoenix area la abundant land, if you plan to buy now and build some equity on it and potentially move in at some point of time in future, Trust me you will get similar and modern new house for similar price. Land chala vundi so inkoka 5 miles velthe inka modern home vastadi… Gilbert, Chandler, Peoria, etc have seen quick price hikes, but 600-700k homes potential ledu anukuntunna Arizona ki.. 1 Quote
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