Multifamily markets that offer cash flow AND appreciation

[Ryan Judah]

Hi BP community -

I currently own an SFR and a 7 unit complex here in Washington state and am looking to grow my real estate portfolio dramatically in 2020. My sole focus for next year is to buy 50 MF units (1, 2, or 3 deals) out of state in a market that can offer cash flow and appreciation.

I am looking for input on markets with greater than 200,000 people and that are in the early stages of growth (greater than 1.5% per year). Target properties will be value add in a desirable location with low crime rates. I’m also focused on lower tax markets to drive cash flow (hence my concern with Texas).

Any guidance is appreciated!

[Art Perkitny]

@Ryan Judah I have complied a spreadsheet of locations that meet your criteria. 

The cities selected all have a population greater than 200k and I have order them by the CAGR of the past five years of population totals.

In addition I have included the median home values as well as median RE taxes paid for each city to help further filter your selection.

Here is a link to the spreadsheet 

Link to Spreadsheet

As for low crime and desirability, this will be something that is unique to the submarkets within whichever cities you decide to invest.

Hope this helps!