Real Estate Markets Flying Under the Radar

4 Replies

Hi BiggerPockets,

We also hear about the hot cash flow markets such as Memphis and cities in Ohio. Are there any cities out there that are not getting the attention they deserve? I would be interested to hear your thoughts and the supporting data/ analysis. 

Originally posted by @Chaz Mathias :

Hi BiggerPockets,

We also hear about the hot cash flow markets such as Memphis and cities in Ohio. Are there any cities out there that are not getting the attention they deserve? I would be interested to hear your thoughts and the supporting data/ analysis. 

Free Market principles suggest that if there is vacuum like that isolated in a particular geographical area, investors are already taking advantage of that to fill in the void. Real Estate is a competitive game, and Internet and BP have leveled the playing field for anyone who wants to take advantage.  So to find such hidden gem, that no one else has so far, would be a fool's errand.  

However, what I have seen people take advantage of is rural areas.   Small isolated pockets that may not get much attention...

@Chaz Mathias Memphis is definitely on every investor's radar. Other cities that are getting some attention are Indianapolis, Kansas City, and more recently Jackson, MS & Birmingham, AL. 

One of the reasons Memphis is a perennial market for investors is the availability of properties that are not in the "bad areas" and they can cashflow very well.

As an OOS investor, I'd suggest that you start with the location as your 1st priority. If you buy in the wrong area of any city you have already set your property manager up for failure. By working with a trusted advisor who knows their market, you will be able to quickly identify the pockets in each city that will produce a predictable income. 

Under the radar... they are probably still under the radar and not being talked about. I don't know any personally.

What would be the desire for under the radar from the known good markets?