In your opinion what are your top 5 real estate markets to purchase multi family (2-4 unit) homes.
I really like
Kansas City, Mo
San Antonio(don’t like the property taxes) ￼
(There’s 7 of mine)
Let me know what your top markets are and if you’re investing in those areas
Thank you so much for the response! I’m looking to buy my next 4 plex in about 4-6 months. Would you mind if I connect with you and ask a few questions?
the Triangle NC market is hot right now! Lots of businesses moving here and it's been developing rapidly over the past few years.
do you own properties in any or all of these markets?
I was in knoxville recently, I liked it.
Great I’ll look in that area thank you
Sounds good I sent you a message￼
@Patrick Flanagan of course I am bias towards Kansas City but it really is a great market. Recession resistant to say the least as it relies on no single job sector to propel its growth. Mean, it will be around forever and the lows will be mild with still good upside on appreciation due to inflation etc...hope that helps!
@Patrick Flanagan I see Minneapolis on your list. Just curious, what makes you put that in your top 7?
Really depends on whether you're looking for appreciation (places like Phoeneix would be better) or cash flow (KC and St. Louis would be better). Although everything is really expensive these days.
I’m in Knoxville and I love it here, but I’m Not finding any deals in my price range that will cash flow well. I’ve expanded my search to an hour radius, but then the rent rates drop off. From what I’ve seen here lately, most houses are selling fast and above asking price. It’s compelling me to look further away.
One tip I got from a local realtor is that nearby Oak Ridge, TN has better options for multi-family compared to their single family homes. It’s a technology hub with a national lab in the city and the public schools are good there.
I’m looking for cash flow, do you invest in those areas. Midwest is no where near the prices in Oregon. I just got a deal on a 4 plex that was 750k, I’m cash flowing on it and it will appreciate pretty nicely
Do you have a realtor that you recommend I get in contact with?
@Patrick Flanagan happy to talk to you about the local Knoxville market if you would like to connect.
Here's a great tool to see which states are seeing inbound and outbound migration over the years: https://www.unitedvanlines.com...
Syracuse and Kansas City are two markets that came up recently in a chat with a California based investor I met. He was looking at both markets, and had 2 properties under contract I believe in KC.
Do you have an Agent in Syracuse, or do you live there t search for yourself?
@Danté Belmonte I'm interested.
@Danté Belmonte I am from downstate NY and was curious to know about where to look in Syracuse? Do you have any recommendations for decent areas with demand?
@Patrick Flanagan just wanted to make a generic comment here. Investing in real estate out of state should be throughly researched than just a projected cash flow. Hope people can google first “how to find a market for real estate” and go thru all the xyz variables before jumping on!
Feel free to connect me via DM if you want to network!
@Danté Belmonte I’ve been looking in the upstate ny area a lot recently, particularly rochester ny & Buffalo. Syracuse is a great area as well, any particular areas that are best for duplexes?
I’m am currently closing on the 23rd on my first Knoxville project. As an out of state investor I would love to make new contacts in your area. If I can help you in anyway please let me know.