Updated over 1 year ago on . Most recent reply
Multifamily Real Estate Investing
Hello, I currently live in Brooklyn, New York. I have a husband and 4 kids. My husband and I are looking to purchase our first investment property next year. We want to get into Real Estate Investing starting off with multifamily. We would live in one unit and rent out the other units. We looking for a 2-3 unit property. We're looking to relocate to a different state within the next 6-8 months. Does anyone have any recommendations on what state would be best to purchase a multifamily unit? We're currently looking into North Carolina and Georgia.
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#5 Multi-Family and Apartment Investing Contributor
- Cincinnati, OH
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#5 Multi-Family and Apartment Investing Contributor
- Cincinnati, OH
Like others noted, NC and GA are both "great" or completely wrong for you and both are fairly big states to just blindly say "I am moving to Georgia". Athens, Savannah, Atlanta, Macon, Columbus, etc. These all have different vibes, sizes, economies, activities, etc.
Even within Atlanta, downtown vs Decatur vs Buckhead vs Marietta are all very different. And in NC, you have Appalachia on the western side and the coast on the eastern side.