Hollywood, CA · Member since 2014 · 7 posts · 3 votes
Hi All,
I am trying to narrow down good emerging markets for investment opportunities in multi-family commercial apartment buildings. I am interested in Raleigh/Carolinas, Utah (Provo, Salt Lake), Reno NV, Philadelphia and PA, and some Texas markets. I wanted to get some advice on which states are good from an investment/tax/owner or landlord friendly standpoint. I am trying to follow job growth and markets that are going into the emerging phase.
Any insight, suggestions or advice would be greatly appreciated.
Banker · Philadelphia · Member since 2009 · 2k+ posts · 629 votes
10y
Hi @Santiago Araujo,
Welcome to BP!
Philadelphia is in the Top 10 Markets for cashflow and flipping opportunities. You have tax abatements, lower taxes and increasing rents in all surrounding counties as well with a strong job growth and development. You need to learn your neighborhoods and understand your financial capability to create a financial model of growth in Philadelphia. Good luck and much success.
Investor · Orlando, FL · Member since 2016 · 1k+ posts · 780 votes
10y
All over Florida is great rental market. I was in Jacksonville for 8 years while I was in the Navy. There is plenty of potential renters from the military being there. Because of the fact that many people are losing their house to foreclosure that opens up the rental market. Also with many older individuals moving to Florida makes for a great rental market.