Why AZ?

As promised- I'm updating my blog with new information.



Many people ask me: Naomi- why AZ and not Texas, or Florida or even foreclosed properties in Sacramento or the East Bay in CA? So this is my way of thinking:



1. How many single family homes can you buy for $ 150K in those different states?

In CA: 0

In TX: 1

In FL: 1/2-1 (and you get the hurricanes as a free bonus as well :-)).

In AZ: 2



2. How much do you pay in property taxes in each of these states for a $ 150,000 house?*:

In CA: 1.3 %

In TX: 2.5 % or $ 3750 per year for one house

In FL: 2.0 % or $ 3000 per year for one house

In AZ: 1.0 % or $ 1500 per year for 2 houses!



3. How much monthly rent can you get in each of these states for an $150,000 investment?*:

In CA: n/a

In TX: $ 1100-$ 1200

In FL: $ 1200

IN AZ: $ 800 x 2 houses = $ 1600



*Those amounts are average estimates as they vary by area/county.



Those are some of the reasons why I choose AZ for my real estate investments and prefer the suburbs of Phoenix for the best ROI!

Feel free to ask me questions, I'll include the answers in the upcoming blogs.



Next blog coming up soon...