Purchase in my market; or others?

Should I be purchasing in my market or looking at other markets?

If you've been thinking about investing you might be wondering whether you should be buying an investment property in your market or if you should be looking in other markets?

 In my opinion, a couple of things that you should look for is, number one can you afford the down payment on properties in your market, and then with that down payment can you produce good positive cash flow?

If you can't produce those two things then you probably should look in other markets. I'm in the Phoenix area and there are a lot of really great opportunities to invest with a relatively low down payment because purchase prices are pretty reasonable and they produce positive cash flow so I'm personally staying in my market because I like being in my own backyard and working with what I know but if you're in a market that's got good strong job growth and good opportunity and good rent then I think you should stay where you are.

What does this mean to you? If you're even a little bit interested in learning more about participating in the Phoenix housing market as a seller, buyer, or investor... you NEED to know this stuff! Or at least work with someone who is obsessed with the market stats. Reach out to me today so we can start working on making your real estate dreams a reality!

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