It’s been about three and a half years since we thought investing in rental properties was a good idea in the Valley of the Sun. It’s official. We think it’s a good idea again. The bubble has burst and Phoenix is back in play. And we’re not saying this just because we like the sun and good Mexican food. There is a wide array of features that make Phoenix a great place to invest in real estate once more and we’re here to let our Empowered Investor Investment Network know about it.
What was great about Phoenix five years ago, primarily the incredible quality of life and dynamic business climate, is still true today. It never went away. The problem during the intervening years, in our view, was that the skyrocketing property values that made it difficult to find one that made financial sense the day you bought it.
Since that’s one of our basic parameters, we backed off for a bit.
A little about Phoenix:
• Phoenix is the Arizona state capital, county seat for Maricopa County, 5th largest city in the U.S., and one of the largest cities measured by land area.
• 325 days of sunshine per year and over 300 golf courses. You could almost play a round of golf on a different course for every day the sun came out.
• Strong industries for aerospace, tourism, agriculture, mining, construction, and more.
That last one is an important point. Dozens of major businesses and maybe hundreds of smaller ones have fled California to escape the confiscatory tax rates levied there. Where do they go? Many of them straight for Phoenix, bringing talented workers with them. The good jobs here are not going away any time soon.
To learn more about the rental property investment potential of Phoenix, listen to episode #121 of The Creating Wealth Show at www.JasonHartman.com/radioshows.
The Platinum Team
stock.xchng / echjman
