Updated almost 8 years ago on . Most recent reply
Determine market for multifamily
How do some of the experienced investors select a market for multifamily. I imagine it would be different than for a SFH. For instance, school districts may not matter as much? Would like a higher renter ratio, etc? What are the most important parameters?
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People living in apartments want the same things as you do, they just can't always afford it. So yes, school districts still matter. But sometimes they'll have to deal with what they can afford. What they can't afford though is to not have a job. So the important parameters will be job growth, which in turn drives population growth, which in turn drives occupancy for your apartments.