Updated over 4 years ago on . Most recent reply
Good multifamily markets
I am in the process of 1031-ing a single family rental into a larger multifamily (8+ units). Unfortunately, I live in Southern CA, which is a very difficult market to acquire multifamily properties in. Because of this, I am looking to invest out of state. I have been researching other markets for a few months now and am having trouble finding good, cash-flowing deals. I know off-market deals and direct mail often times are the way to go, but I need to narrow down my target markets in order to really focus in and build a network in those markets to find deals.
What markets are you guys finding good multifamily deals in currently? And how are you finding these deals?
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#2 Private Lending & Conventional Mortgage Advice Contributor
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- Boise, ID
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#2 Private Lending & Conventional Mortgage Advice Contributor
- Investor
- Boise, ID
Depends on how you define a good deal. Lots of investors are doing 1031s out of CA in to Idaho where I live- low crime, high quality tenant base, less than 1% vacancy and super landlord friendly.
Best of luck!
- Corby Goade