To invest, or not that is the problem. In the sense of investing capital in a city depends on which city and what market is being viewed as a good buy. The Midwest isn’t viewed as a good investment prospect at 5.5 but in a desert city with more to offer as far as infrastructure and housing, it depends on what is within. In the case of this article, the Midwest was a no-go, but a city in Arizona was much more useful when it came to find good deals in the market for investing, such as places with units up for rental or purchase. Basically, what it comes to is whether people are willing to invest now and not wait. Those who wait will lose out, while those who’re investing now, may make a killing in the future when they sell what they own when the time is right.
- Phoenix if the fifth largest city and Maricopa County is the number one faster growing county.
- The current rents are too low. There is tremendous growth potential here.
- This can be a value-added investment where you can go from a 5% cap-rate to a 8.3% cap-rate easily and still have room to improve.
“Phoenix MSA has been one of the top growth markets in the country for the last few years, and it’s the fifth largest city now.”