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Multi-Family and Apartment Investing

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Jeffrey Donis
  • Investor
  • Durham, NC
687
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1,221
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What to look for in a new market- multifamily!

Jeffrey Donis
  • Investor
  • Durham, NC
Posted Mar 5 2021, 14:28

I have seen a lot of different posts regarding what to look for in a new market. These are some of the things we take into consideration before we expand into a new MSA- 

  • 1. Population over 200,000
  • 2. Long-term population growth of at least 50% of the national average (preferably more)
  • 3. Diverse economy
  • 4. Labor participation rate at or above national average
  • 5. High relative cap rates
  • 6. Pro-business, pro-landlord climate
  • 7. Limited risk from climate change
  • 8. Close enough to home for you to oversee easily (one-day round-trip preferred)
  • 9. “Anchor” is a bonus – not necessary, but great to have. Avoid bad anchors.

Am I missing anything major? Open to any input!

Thanks

Jeffrey Donis

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