Phoenix Arizona one of the Best places to Buy Single Family Rentals
The New York City Private Equity Firm Blackstone Group (BX) don't have to be the only ones buying single family homes for rentals. As of Jan 2013 according to Bloomberg: The BlackStone Group now owns and manages over 16,000 single family homes in the following markets: Atlanta, Chicago, Las Vegas, Phoenix, Northern and Southern California, Miami, Orlando, and Tampa Florida.
What do they know that you should know. They know that now is a great time to own investment property. Especially single family homes. RealtyTrac released the list of the "20 Best Places for Buying Single Family Rentals" and Phoenix Arizona made the list. Even with the Blackstone Group buying in Phoenix there are still great single family rentals to be purchased here in Phoenix. The table below lists all 20 of the best places to buy single family rentals:
If you've been looking for a way to diversify your investment portfolio look at single family homes. Everyone needs somewhere to live. And now you can purchase real estate with low interest rates. If you've ever thought to yourself "it would be nice to check the mail and receive checks" Rentals can help make this a reality. As you start looking for alternatives to savings accounts, CD's, Money Market Funds. Real estate should be included when you're making those comparisons.
The real estate market is cyclical and now is one of those times when buying single family homes as investments could be a great investment for you and your family. I think Warren Buffett puts it best:
Click here to find Phoenix Homes that would make great Rentals.
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