Top Multifamily Markets in 2021 and Beyond

[Todd Dexheimer]

I hear so many people asking what the best markets to invest in are. First, my answer is look in your own backyard to make sure that is not a good option. If you say, "thanks, but no thanks," to your home market, then you need to dig in:

1. Job creation, 2. Increase in population and future expected growth, 3. Building proposed (permits pulled), 4. Government planning 5. Affordability 6. Absorption rate and vacancy rate. 7. Rent affordability 8. Landlord friendly. One of the other major factors that I look at, is if there is opportunity to buy value add properties, meaning buildings are being sold in the asset class and size that I desire and there are building being sold at a discount due to a problem needing to be solved.

With that said here is my top 11: 

1. Tampa Bay, Florida

2. Jacksonville, Florida

3. Phoenix, Arizona

4. Raleigh, North Carolina

5. Atlanta, Georgia

6. Savannah, Georgia

7. Cincinnati, Ohio

8. Des Moines, Iowa

9. Memphis, Tennessee

10. Huntsville, Alabama

11. San Antonio, Texas

To see my full thoughts check out the articles: 

https://www.biggerpockets.com/...

https://www.biggerpockets.com/...

[Holly Barrett]

I invest out of state and self manage remotely. When I had a rental 15 min from my house I physically went there twice a year approx. I figured it might as well be in another state as I could have outsourced those visits to someone else. #s are so much better where we invested than where we reside. I really don’t see a big difference. I use cozy and other tools to vet tenants. I have a trusted handyman show the properties and do walk throughs. I’m not saying it’s not without challenges. The renovation we have been working on has been especially challenging to do from a distance, but it has been a great learning experience and I’m confident my procedure will be tightened up the next time. There are markets out there with very little investor competition, that sounds like opportunity to me! Love those emerging markets.