which Real estate Market is hot ?

Multi-Family and Apartment Investing
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which Real estate Market is hot ?

Aman Shahi
Rental Property Investor · Los angeles, CA · Member since 2021 · 20 posts · 9 votes

Any suggestion or advice ? which market is hot or good to start real estate investing for multifamily or apartment buildings in the country ? And how does investor find or research about markets  ? 

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Nick C.
Investor · Tampa, FL · Member since 2011 · 2k+ posts · 3k+ votes
5y

Which real estate market is not hot? 

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  • Erik W.
    Real Estate Investor · Springfield, MO · Member since 2017 · 1k+ posts · 2k+ votes
    5y

    My house I went up $100,000 in the past 24 months.  Rents are up 25% over last year.  Does that meet your definition of "hot?"  If so, try Springfield, MO.

    6Reply
  • Aman Shahi
    OP
    Rental Property Investor · Los angeles, CA · Member since 2021 · 20 posts · 9 votes
    5y

    Thanks. Last 24 months has been crazy. Thanks for the input. I will check it.

    1Reply
  • Jeffrey Donis
    Investor · Durham, NC · Member since 2020 · 1k+ posts · 691 votes
    5y

    Southeastern and Midwestern states are hot- I have heard good things about Arizona as well which is closer to you!

    0Reply
  • Kevin Uzelac
    Investor · Philadelphia, PA · Member since 2018 · 61 posts · 62 votes
    5y

    @Aman Shahi Philadelphia is one of the hottest metro markets in the country right now. Tons of opportunity ranging from small SFH fix and flips up to the occasional 11 unit MFH. Buffalo and Washington D.C. are also pretty hot right now.

    3Reply
  • Bennie Williams
    Real Estate Agent · Los Angeles, CA · Member since 2019 · 20 posts · 44 votes
    5y

    I love the St. Louis market, especially for buy/hold.  There's plenty of 2 and 4 family buildings to invest in.  Rents are relatively stable and there is a good amount of renters in that market as well.

    4Reply
  • Jeremy HoldenBusiness Member
    Real Estate Agent · Scottsdale, AZ · Member since 2021 · 156 posts · 90 votes
    5y

    @Aman Shahi

    Arizona is piping hot. A lot of good value still in the market in different pockets around the metro area. I’m a local agent in the area specializing in multifamily and investments. Dm if you have any specific questions about the Arizona Phoenix market.

    3Reply
  • Nick C.
    Investor · Tampa, FL · Member since 2011 · 2k+ posts · 3k+ votes
    5y

    Which real estate market is not hot? 

    20Reply
  • Forrest Hayashi
    Investor · Member since 2021 · 45 posts · 11 votes
    5y
    Originally posted by @Nick C.:

    Which real estate market is not hot? 

    Personal experience. Manhattan, New York City. 
    Largely affected by COVID as many have moved out of the city to outer boroughs or the burbs. 
    Would imagine this is the same case for Urban areas that are mature and overly-built. ies,. SF, LA, 

    3Reply
  • Steve Vaughan
    Rental Property Investor · East Wenatchee, WA · Member since 2014 · 10k+ posts · 16k+ votes
    5y

    I'd be asking which market, niche or asset class is cool to luke warm but on the way to hot.

    Already hot equals too stinking late. 

    10Reply
  • Jason Brand
    New York, NY · Member since 2020 · 6 posts · 5 votes
    5y
    Originally posted by @Forrest Hayashi:
    Originally posted by @Nick C.:

    Which real estate market is not hot? 

    Personal experience. Manhattan, New York City. 
    Largely affected by COVID as many have moved out of the city to outer boroughs or the burbs. 
    Would imagine this is the same case for Urban areas that are mature and overly-built. ies,. SF, LA, 

     Manhattan has been coming back strong the last couple of months. The Upper West Side, for instance, is up 73% compared to sales in April and up 106% compared to May 2021.  The problem is, you don't see many small multi-family opportunities here. You'd have to go to Queens, the Bronx or Brooklyn to make that happen

    1Reply
  • Tim Ryan
    Investor / Mentor / Contractor · Arcadia, CA Buying Out of State · Member since 2015 · 655 posts · 622 votes
    5y

    @Aman Shahi I’m investing in one of the best markets in the US. Since you are in LA as I am we should meet up and I’ll tell you about it. It’s so hot I can’t mention it here.

    DM me.

    1Reply
  • Eric James
    Investor · Malakoff, TX · Member since 2017 · 2k+ posts · 2k+ votes
    5y

    Whatever markets are hot..... I'd look elsewhere. A hot market means high prices.

    8Reply
  • Troy Albers
    Rental Property Investor · Fleming Island, FL · Member since 2019 · 85 posts · 104 votes
    5y

    @Aman Shahi if your looking to buy, why are you looking for a hot market? Your more than likely to over pay, right?

    4Reply
  • Lisa Hernandez
    Rental Property Investor · Chicago, IL · Member since 2020 · 5 posts · 3 votes
    5y

    @Aman Shahi I’m looking for in person meet ups too.. anyone in South suburbs?

    1Reply
  • Lisa Hernandez
    Rental Property Investor · Chicago, IL · Member since 2020 · 5 posts · 3 votes
    5y

    @Aman Shahi sorry I replied to the wrong post about the meet ups.

    0Reply
  • Adam Isaacs
    Member since 2021 · 5 posts · 2 votes
    5y

    @Lenn Lin LA market is red hot

    1Reply
  • Nathan FisherBusiness Member
    Property Manager · Cleveland, OH · Member since 2020 · 312 posts · 265 votes
    5y

    @Aman Shahi you can even score big in Akron, OH. 

    [email protected]216-245-2901
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    4Reply
  • Nate Sanow
    I​nvestor & Agent · Tulsa, OK · Member since 2016 · 1k+ posts · 1k+ votes
    5y

    @Aman Shahi

    I will say we all will likely talk about where we live or invest and maybe that is both in some cases. So with that disclaimer out of the way, I will unapologetically say that Tulsa Oklahoma is both hot but still reasonably priced. Just yesterday a package with about 10 doors hit the market for $750k. Other opportunities in C class or distressed B class under $100k at times, and even moreso if you branch out throughout the MSA into tertiary micro-markets nearby.

    If appreciation is the more desired metric, there are pockets where you can look at YOY analysis to find rapid appreciation.

    Certainly, other markets are great too! Just always proud to see mine be on the map.

    4Reply
  • Michael K GallagherBusiness Member
    Real Estate Agent · Columbus OH · Member since 2018 · 1k+ posts · 1k+ votes
    5y

    @Aman Shahi I am of the mind that it depends on how many deals you've done to date.  If its your first deal I think house hacking for your first experience is hands down the best way to go.  I just think the lessons happen so much faster living them first hand.  But if you are more experienced and have been around the block then I'd agree with what many people have said.  Those tertiary markets, or "adjacent to major markets" I think makes a lot of sense from a "bang for the buck" perspective.  I'm of coursed biased to my own area of central OH but there are many others. 

    [email protected]614-362-2231
    2Reply
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    5y
    Originally posted by @Nick C.:

    Which real estate market is not hot?

    that is a better question .. they are out there though..  

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    0Reply
  • Doug Spence
    Investor · San Diego, CA · Member since 2016 · 1k+ posts · 975 votes
    5y

    @Aman Shahi A better question would be "which market isn't hot?". Properties are appreciating and rents are rising all around the country due to high building costs, low inventory of housing, and low-interest rates. 

    I wouldn't decide on a market because it's hot right now. You should first be determining your PERSONAL long-term goals (think 10, 20, 30 years out) with regards to real estate investing. Do you want cash flow, appreciation, a combination of both? High-risk v low risk? How much capital do you have to buy? Do you have a network of people willing to lend you lots of money or not? Tenant-friendly vs landlord-friendly? What markets do you personally have a lot of knowledge about or have good connections in? 

    Just because a market is hot right now, doesn't mean it will be in 1 year or 5 years or 10 years, and you should be buying real estate as a long-term investment, not just because it's hot right now. 

    2Reply
  • Flavio Zanetti
    Investor · Andover, MA · Member since 2015 · 269 posts · 67 votes
    5y
    A better question would have been, "which real estate market is NOT hot right now?
    1Reply
  • Michael Mendez
    Real Estate Agent · Lubbock Tx · Member since 2020 · 77 posts · 44 votes
    5y

    @Aman Shahi

    Lubbock Texas has .96 months of inventory.

    1Reply
  • Darshil Parikh
    Real Estate Agent · Austin, TX · Member since 2019 · 64 posts · 31 votes
    5y

    @Aman Shahi. Austin, TX 0.4 months of inventory.

    1Reply
  • Account Closed
    Contractor · Member since 2020 · 91 posts · 64 votes
    5y

    @Aman Shahi I would look at New York City, San Francisco, Michigan... anywhere along those lines. They’re pretty big, so they should be getting bigger with the current trends of city life and office work and social connections.

    2Reply
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