Investor · TX · Member since 2022 · 3 posts · 1 vote
Good afternoon, I am currently researching in markets like Dallas, Houston, Orlando, Atlanta and Nashville for a deal, my first deal, and wanted to seek advice. For someone who is new to the game, does anyone have any area recommendations? I have capital up to 150K down with a partner, but want to make sure I'm taking the right steps towards my success. Advice would be greatly appreciated! Thank you for your time..
Atlanta, GA · Member since 2021 · 493 posts · 162 votes
4y
All of those are great markets and continue to be in an expansion mode. To help better identify submarkets some metrics you could use are; population growth, job growth, income growth, job diversification, and rent growth. It could also be helpful to see how a market's metrics in these areas looked pre pandemic as the pandemic sped up some of these items in markets. Hope these help.
Real Estate Syndicator · Phoenix, AZ · Member since 2018 · 903 posts · 1k+ votes
4y
@Mercedes Riina see https://www.biggerpockets.com/... Scroll down to IRR (Markets in Expansion for Multifamily). any of those will be good. Even the higher priced primary markets have opportunity on the outskirts. Or search for markets near the ones listed in the post, as secondary/tertiary options if price point is a concern.