Is small multifamily <5 units a good opportunity in 2023 and beyond

[Kate Lee]

Hi BP folks!  I watched Brandon Turner's master class on small multifamily (< 5 units) and found it fascinating, as this could be my learning springboard to do larger apartment deals.

Questions:

1) does the new higher interest rate environment still make investing in small multifamily cashflow/profitable?

2) what are the best markets in USA, with growing population?

3) is anyone in the BP pro membership who can share their experience?  https://www.biggerpockets.com/pro/videos

Thanks so much!

Kate

[Zachary Ware]

The best market to invest in 2-4 units is the market you live in. Doing a househack with FHA is a great entry point and in my opinion one of the safest options you have. You are there at the property and know what is going on with the neighborhood. The second best is a city with a growing population and diversity on the economic side as well such as having multiple big employers who are in different industries. I think the southeast is still a great area to focus on.