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Updated about 6 years ago on . Most recent reply

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Brandon Moore
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13
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Best cities for multi-family investing

Brandon Moore
Posted

Looking into cities to buy a multi family property. Any advice?! From my research this far I am looking towards the south east region of the US. Being that I am from the Boston area, around here isn’t that practical.

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Sam Grooms
  • Investor
  • Phoenix, AZ
919
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Sam Grooms
  • Investor
  • Phoenix, AZ
Replied

I'm biased, but I really like Phoenix. 

  • #1 in rent growth. Not only that, there's a lot of runway left. Phoenix spends around 22% of the income on rent, when the national average is close to 33%. While most of the country has seen rent growth slow way down, Phoenix is seeing increasing rent growth. Depending on the source, Q1'19 was 8.5-9.5% over Q1'18. 
  • #2 in population growth. Located in the #1 growth county. 
  • 5th largest city in the country and the MSA is now at 5 million. 

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