Top 5 best multi family markets

Patrick Flanagan
OP
Property Manager · Prineville, OR · Member since 2016 · 261 posts · 166 votes
5y
@Forrest Faulconer
Awesome thank you for responding
2 Reply
Forrest Faulconer
Real Estate Agent · Oklahoma City, OK · Member since 2020 · 471 posts · 462 votes
5y
Originally posted by @Patrick Flanagan:
@Forrest Faulconer
Awesome thank you for responding

No problem, how are things in the PNW? I'm a born and raised Oregonian myself, residing in OKC these days.
Cheers!
1 Reply
Patrick Flanagan
OP
Property Manager · Prineville, OR · Member since 2016 · 261 posts · 166 votes
5y
@Forrest Faulconer
I just closed on a 4 plex last Friday and I’m putting a offer in on a duplex this week.
It’s very expensive, but from reading lots of great books(I can recommend some if you’d like), talking with mentors, and writing out my goals and how I’m going to execute them has been a huge game changer.
Things are expensive, but there is nothing showing that it won’t be 5x more expensive in 3-5 years.
So equity growth is great here, I’ll be pushing some great cash flow out of my “poor producing cash flow 4 plex” I’m 5 mins from a awesome hospital and I’ll be renting to traveling nurses(3 month leases)
The best advice I’ve ever heard.
The secret to success is already in me.
so why not educate and learn so I can utilize my full potential. Which means I need to find creative ways to make over looked deals work. If I keep my fundamentals strong and get more creative, I can find value in places others just can’t.
How’s it out there!? When I look in the Oklahoma City are, There really isn’t any multi family’s for sale.
1 Reply
Wale LawalBusiness Member
Real Estate Broker · Houston | Dallas | Austin, TX · Member since 2018 · 5k+ posts · 2k+ votes
5y
Originally posted by @Patrick Flanagan:
@Wale Lawal
Do you think property taxes are low enough to make sense??
Thank you for responding
Yes but you still need to analyze each deal carefully and determine if it's a deal for you or not based on your personal investment criteria.
Goodluck

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1 Reply
Forrest Faulconer
Real Estate Agent · Oklahoma City, OK · Member since 2020 · 471 posts · 462 votes
5y
Originally posted by @Patrick Flanagan:
@Forrest Faulconer
I just closed on a 4 plex last Friday and I’m putting a offer in on a duplex this week.
It’s very expensive, but from reading lots of great books(I can recommend some if you’d like), talking with mentors, and writing out my goals and how I’m going to execute them has been a huge game changer.
Things are expensive, but there is nothing showing that it won’t be 5x more expensive in 3-5 years.
So equity growth is great here, I’ll be pushing some great cash flow out of my “poor producing cash flow 4 plex” I’m 5 mins from a awesome hospital and I’ll be renting to traveling nurses(3 month leases)
The best advice I’ve ever heard.
The secret to success is already in me.
so why not educate and learn so I can utilize my full potential. Which means I need to find creative ways to make over looked deals work. If I keep my fundamentals strong and get more creative, I can find value in places others just can’t.
How’s it out there!? When I look in the Oklahoma City are, There really isn’t any multi family’s for sale.

Sound wisdom, OKC is experiencing very low inventory, MFHs even more so. Saw a nice triplex pop up, it was gone in a few hours.. Yikes!
1 Reply
Kristin Hafner
Real Estate Agent · Rochester, NY · Member since 2020 · 19 posts · 9 votes
5y
@Xiomara Davila I can send some properties over in the Rochester area if your interested. I have been working with a lot of investors from NYC lately.
1 Reply
Mike Lorence
Rental Property Investor · Boca Raton, FL · Member since 2019 · 70 posts · 42 votes
5y
@Patrick Flanagan - please DM me to take it offline.
0 Reply
Chris Levarek
Real Estate Syndicator · Phoenix, AZ · Member since 2018 · 903 posts · 1k+ votes
5y
@Patrick Flanagan Always in what the data says. I put this together at the start of the year, a compilation from multiple sources : https://www.biggerpockets.com/.... Many of those already mentioned in here as well.
1 Reply
Justin Goodin
Investor · Indianapolis, IN · Member since 2018 · 1k+ posts · 756 votes
5y
@Patrick Flanagan Congrats on everything you have going on! Sounds exciting
1 Reply
Alyssa Dyer
Rental Property Investor · Oklahoma City, OK · Member since 2017 · 1k+ posts · 694 votes
5y
@Patrick Flanagan this post has taken off, lots of thoughts. I like to encourage investors to narrow down to markets (like you have done) and then start building a team. The team is the most important part of investing. Doesn’t matter how solid the market is if the team isn’t performing, you know?
1 Reply
Patrick Flanagan
OP
Property Manager · Prineville, OR · Member since 2016 · 261 posts · 166 votes
5y
@Justin G.
That means a lot thank you Justin!
1 Reply
Patrick Flanagan
OP
Property Manager · Prineville, OR · Member since 2016 · 261 posts · 166 votes
5y
@Alyssa Dyer
That’s totally true, it’s so hard for your mind to actually focus unless you start to narrow things down!
1 Reply
Quentin Jivery
Member since 2022 · 92 posts · 11 votes
4y
Quote from @Jay Yoo:

@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!
Curious why you said this.
0 Reply
Matt Guignon
Real Estate Agent · St. Louis, MO · Member since 2017 · 74 posts · 20 votes
4y
I am a local real estate investor and full time professional in St. Louis, MO. If anybody is interested in the multifamily market her in STL I'd love to connect and serve as a resource. We have a robust stock of small and midsized multifamily properties that cashflow very nicely with an attractive price to rent ratio. I hope to connect with some of you and help anyway I can in St. Louis!
0 Reply
Doug Spence
Investor · San Diego, CA · Member since 2016 · 1k+ posts · 975 votes
4y
@Patrick Flanagan How did you determine your top 7 markets? Is it population growth? The local business environment? What factors do you consider?
0 Reply

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