What Markets are Still Promising?

Question

Hey all Bigger Pocketers! I have purchased one property in L.A., and am now aiming to do some geo-arbitrage/house hacking/BRRRRing with an FHA-eligible multifamily property in a more affordable locale. I have heard good things about the metro and surrounding areas of Memphis, TN; Clarksville TN; Dallas TX; and a few others, but from what I have been able to see so far it looks like the readily-apparent deals are drying up. I am specifically looking for warm weather markets. Does anyone have any ideas or insight into more emerging warm weather markets that make a MF BRRRR deal possible? I would appreciate any assistance or insight. Thank you!

Trevor Barrett · Answer

@Mike Jordan I am open to other markets, but don't think I have the inclination, experience or know-how to go to cold-weather markets. Thank you so much for your input, and best of luck with your endeavors.

Kathryn Schauer · Answer

@John Williams I am looking at Clarksville SFH I'd love your opinion on the area.

Account Closed · Answer

It's pretty warm in Phoenix and it's a good market.

Mike Jordan · Answer

@Trevor Barrett Hey there! If you're open to other markets then you might wanna try Detroit.

Kathryn Schauer · Answer

@John Williams I am looking at Clarksville SFH I'd love your opinion on the area.

John Williams · Answer

Absolutely! Feel free to reach out!

It will be difficult to hard to find something "on-market" that is turnkey and cashflows well. Your opportunities increase a little but if you're willing to put some work into it and add value somehow. But overall, there's never more than a handful of MF properties on the market in Clarksville.

Trevor Barrett · Answer

@John Williams Thank you for the offer, I will have to take you up on it. I like many of the areas in TN, do you think there are still opportunities for immediately cash-flowing MF properties?

John Williams · Answer

Hey There!

Investor/Realtor from Clarksville, TN here. You're right, it is very competitive here. Deals are getting harder to find, but not impossible. However, I do like the balance of cashflow/appreciation that Clarksville provides.

I am biased because Clarksville is where I work and invest. I won't speak on those markets because I don't know them as well but I would be happy to offer my insight on Clarksville!

Best,

John Williams

What Markets are Still Promising?

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