where should i move to? best real estate market

where should i move to? best real estate market

Investor · Ascutney, VT · Member since 2015 · 291 posts · 20 votes

after this year i am seriously considering moving somewhere to buy my first multi family.

whats a good state where home values are increasing quite quickly and will cash flow nicely

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  • Kansas City, MO · Member since 2015 · 609 posts · 321 votes
    10y

    I think that's what we all want to know! :) 

  • Real Estate Agent · Austin, TX · Member since 2014 · 636 posts · 486 votes
    10y

    I may be biased because it's my adopted home, but Austin is nice.

    It's rated #1 by Forbes as a boom town:

    http://www.forbes.com/sites/joelkotkin/2016/01/14/...

    Top three cities to find a job:

    http://austin.culturemap.com/news/city-life/01-04-...

    One of the best to start a career (which is different than finding a job:

    http://austin.blog.statesman.com/2016/02/03/austin...

    Ranked #1 city for young families:

    http://austin.culturemap.com/news/city-life/05-10-...

    There are a lot more of these articles, these were just the first five that came up when I Googled "best cities to live". The downside is that we've already been experiencing this boom for a number of years, so you won't be able to find cheap lipstick-job multifamilies anymore like you still can in some parts of the midwest. Also, appreciation is expected to continue to be high for the next few years, so you tend to see quite a bit of overbidding on property with the expectation that the asset value will grow to match the paid cost (a big no-no according to most BP investors).

    Good luck on your search. Feel free to reach out to me if you end up here!

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