@Sven Simon Great opportunities across the Midwest.
I am currently focused on multifamily investing in DFW. Here are a few things that position Dallas for continued growth and would help me to identify other markets for investment.
- Strong job and population growth.
- Corporate headquarters relocating from across the country to DFW.
- Diverse industries - Finance, airlines, oil & gas, etc
- Limited geographic barriers to new development & economic success
- Large institutional investment across MF, retail, office and industrial.
New Braunfels Texas area has a lot of new MFH development in-progress right now. Location is about half way between San Antonio and Austin. Very active market in my opinion. If Amazon chose to build a HQ in Austin, this area will go crazy (my guess)
Any thoughts on Knoxville TN? We are beginning to dab in to this market but are still fairly new. Thanks
@Todd Dexheimer wrote a good blog post about this on BP. Search his name and you’ll find it
@Ryan Cox : Thanks for jumping on it. Are you an operator or investor? And are you doing new developments or add-value deals? I've heard and read quite a bit about DFW have already have already had a few phone conversations with local operators.
@Francois Frigon : Thanks for sharing your thoughts. I'll add New Braunsfeld to my list to explore further. What's your investments criteria there?
@Jordan Moorhead : I'll take a look.
@Sven Simon Operator/Value-add
Purchase price no more than $360k (New construction, and you will find many in NB)
12% cash-on-cash return with 20% down and 20yr loan at 5%. Rent is around $1650 for these class A duplex
Thanks, @Francois Frigon
Dallas, San Antonio and Houston for me. These markets are close to me and have great projected job growth.
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