Real Estate Investor · Saskatoon, Saskatchewan · Member since 2010 · 357 posts · 27 votes
Which part of USA is the best location(s) to invest in Apartment at this time? Location that will be favorably for cash flow, emerging market and not too high cost per unit? Thank you
The problem I see with this article is that it bases the "hottest markets" on new permits for new construction. This is only one small indicator of activity and in my opinion, not the most important.
Here is what factors I deem important:
Employment rates, vacancy rates now compared to last year, cost per unit or per sq. ft compared to one, two, and three years ago, population growth.
Armed with the figures for each of these, you can make a more informed decision. New construction permits only tells you where big developers are planning to build more units which will, eventually, increase supply and lower demand.
I agree with Will. Lenders will finance all day long if the DCR is above 1.25. Have a great potential such as economic conditions. You have to do your homework but in my opinion there are great deals everywhere you just need to know what to look for.