Phoenix-area cities among best in US for buying investment properties

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The Phoenix area was cited as a great place for buying investment properties, with three Valley cities among the nation’s top 10 of a personal finance company’s rankings.

Mesa was rated as the second-best market for investment properties in a study of 117 cities with populations of at least 200,000 by SmartAsset.

The East Valley city was joined by No. 5 Glendale and No. 7 Phoenix near the top of the list, which was released this week. Gilbert checked in at No. 11.

AJ Smith, vice president of content and financial education for SmartAsset, explained why the Valley did so well in the rankings.

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