I'm currently in the process of doing that! I think Eric is great, he is on top of his game. Hey man I will probably buy again in Las Vegas but I would like to buy a rental in AZ. Do you have any contact info for realtors? Prop
"The unloading of single-family homes purchased by real estate investors during the downturn for rental purposes would also go a long way in helping relieve these inventory shortages," said Yun. "To date, there are no indications investors are ready to sell."
“If you go back, over time, we need about [1.5 or 1.6 million] homes built in the US to keep up with population growth, household formation,” said Jon Gray, Blackstone’s head of real estate. “The last 12 months, we have built 1.1 million, and we’ve been under-building housing now really since the crisis.”
You still have one downside risk apart from some risk when investing abroad. the risk is if you buy today and if when you need to resell the Canadian dollar is higher than today's rate you'll be losing money.
“The change, which would allow real estate businesses to take advantage of a new tax break that’s planned for partnerships, limited liability companies and other so-called “pass-through” businesses, combined elements of House and Senate legislation in a new way.”
Avondale makes list of Top 100 cities for rentrepreneurs
Avondale is a suburb of Phoenix, which has an extremely high proportion of renters when compared with the rest of the state. Almost 40 percent of the population choose to rent single-family units rather than buying, according to a Mashvisor report, which makes it an excellent prospect for rentrepreneurs.
“Phoenix is actually a booming, modern city with real estate investments ready to be seized,” the Mashvisor report states. “The Phoenix real estate market is no longer focused only on retirement homes and condos. Leave this idea behind or else you’ll miss out on some great real estate investing opportunities in Phoenix investment properties!”
Phoenix Average Rent
As of September 2018, average rent for an apartment in Phoenix, AZ is $1148 which is a 10.19% increase from last year when the average rent was $1031 , and a 2.18% increase from last month when the average rent was $1123.
One bedroom apartments in Phoenix rent for $1013 a month on average (a 9.48% increase from last year) and two bedroom apartment rents average $1216 (a 9.05% increase from last year).