Our current focus is to invest in Tier 2 markets that encapsulate large, expanding cities with appealing growth potential. We have a strong presence in Phoenix, Arizona and the surrounding metro areas because of their long-term growth opportunities and reliably solid rental returns.
Tier 2 cities offer a unique blend of favorable price to rent ratios and less saturation of competitive investment.
At 1.6M residents, Phoenix is the 6th largest city in the US. The Phoenix Metro has 4.5 million residents, making it the 12th largest metropolitan area. Since 2000, the population has increased by more than 25%. To give a sense of comparison, Seattle has 4.3 million residents and Las Vegas has 2.2.
Phoenix is a center for multinational companies like Avnet, GoDaddy, Freeport-McMoran, Republic Service, PetSmart, First Solar, Pinnacle West Capital and Banner Health, who all have headquarters here.
Arizona State University (Tempe) – Located in the middle of Phoenix Metro, Arizona State University is a large employer and its 40,000 students provide a steady stream of young workers.
Typically, we seek out up-and-coming areas. Our ideal properties are located in areas that are rapidly changing for the better, with an influx of businesses and investments moving into the community. As a neighborhood changes, the demand for real estate increases, causing both rental demand and property prices to rise.
We aim to find properties that are close to the city center. As the main business engine of the city, there will always be demand for homes and retail spaces near these locations.
In addition, properties that are more central tend to offer better protection against negative changes in the market.
The goal is to find the right property that will generate enough income to cover all expenses, allowing the investor to hold the property at no additional personal costs. As the property market grows, it offers the investor a winwin: a steady income stream while the market expands and minimized risks that provide the ability to hold onto the property if the market contracts.
Launching H Cubed Mercury to do real estate investing in Phoenix
Purchased a triplex in Tempe
Purchased a triplex in Scottsdale
Purchased Plaza Forty, a small retail plaza
Purchased 21 single family homes in Phoenix
Closed deal for quadplex in Phoenix