Buying a House in Phoenix??? Need advice.

[Murminator]

Time to refresh this thread.

I have made the decision to buy a house in the USA in the next few months.

Because I am going to rent it out, the location doesn't have to be somewhere that I want to spend my winters at, I just want to get into the depressed market while the prices are so low and then either sell in 10 - 15 years and buy elsewhere or take the cash and do something else with it.

So, Phoenix area seems to be a good bet. Lots of houses to choose from. I am thinking Gilbert, Chandler, Mesa, or Scottsdale as I want something upper middle income. Anybody own in these areas? Any other areas to suggest?

Is there anybody here that is renting out a place for vacations. Meaning short-term periods where you have furnished the house yourself? How are you advertising?

Any other comments are appreciated.

Thanks

Bunch of people I work with have homes in Maricopa...40Min from Phoenix airport Hands down the best place to buy in the area

remax.com search maricopa,AZ see for yourself

 

[whitegold]

Is Arizona the best place to invest? I'm heading to Ft Lauderdale later this year and was thinking about checking it out.....

 

[CUSO]

I was told that in some places, you get killer deals on the real estate, and pay through the nose on taxes....

Something to look into..

 

[Showtime]

thx,, that is the point our dollar is golden right now to do this....

I have a trip to vegas coming,, i was going to sniff around while I was there,, that place will have to come back alive again one day,,

Just got back from Vegas a couple weeks ago, things are cheap there too. My mother in law just bought and the uncle bought 2 years ago. We rented a car and went on a tour, and there are subdivisions that were started but never finished, no pavement on the roads but yet there is the odd person living in a house in a cule de sac....We were close to buying. Vegas isn't my idea as a retirement place but a good way to make some doh!!!!

Empty Lots Near Las Vegas Show Bubble Has Burst - Video - Bloomberg