Texas vs north carolina?

Question

looking to invest into my next multi family deal. Majority of my portfolio is in the west coast. I have been doing some research on both texas (parts of west texas like lubbock area / sub markets around dfw area ) and north carolina ( Charlotte/ raleigh) , and a few other markets like ohio area

( coloumbus/ clevland / dayton).

Which market do you think has the most potential/ upside ?

If you invest in any of these markets i would like to hear your thoughts.

( coloumbus/ clevland / dayton).

Which market do you think has the most potential/ upside ?

If you invest in any of these markets i would like to hear your thoughts.

Evan Hopple · Answer

I invest in Columbus RE, huge growth to come from recent additions to the tech sector (google, intel, amazon, honda, and many start ups). Plans to were announced last month to invest $2B into the cities airport in anticipation of the population/business travel growth. It's still early to get in

Travis Turner · Answer

I currently live and invest in Lubbock. It has shown to be pretty resilient to harsh changing markets, it is pretty stable. I call it the mutual fund of real estate. Prices are still pretty low compared to other markets, around $150,000 for a good 3/2 possibly garage as well. Multi family is hard to find here that is  a larger property, we mostly have duplexes which can end up being pricey.

Some good potential here, and appreciation plays.

Benjamin Carver · Answer

I moved from DFW to Raleigh myself actually. small MF is hard to come by in Raleigh. You might have better luck with Charlotte. But with the right patience and strategy, relationships, you can make anywhere work. While DFW isn't a HUGE market for small MF it's large enough that you can certainly find something. Just do your research on the best areas. One strategy (you may not like it) that most people are looking at right now for a variety of reasons is new construction. In some cases, it just makes more sense due to lower interest rates, better areas, low maintenance, more inventory, and better layout. Both Raleigh and DFW are set for massive growth in the coming years. You could easily make an argument for both. If you want to discuss further or need boots on the ground in Raleigh, reach out anytime.

Mohammad Parwez · Answer

There are a few small MF units in the Triad area of NC. This area is showing lot of growth in terms of companies setting up manufacturing locations like Toyota battery plant, Boom Jet manufacturing to name a few.

Investing in SF portfolio could also be profitable in this market.

Regards

Mohammad Parwez

NC Realtor

Dawn Brenengen · Answer

Are you looking for small residential multifamily or commercial? I live in Raleigh, and it's a great market to be in, but the high rates have killed what little cash flow we did have. However, the appreciation is expected to stay strong here. It's definitely a growing population and economy. I'm happy to tell you everything I know about Raleigh.

Maurice Smith · Answer

at least 8 - 10 doors , would like to keep it under 1 million, sellers still dont want to accept the fact that were not living in 2020-2022 any more. Hopefully  2024 will be a good time for some deals from some of these motivated sellers with variable rates.Definentely not in a rush to over pay for anything.  I have a few hundred thousand that im going to park into a 5.5 % cd and will be on the side line ready to make a move when the opportunity presents itself.

Lucia Rushton · Answer

@Maurice Smith how many doors are you looking for ? And what is your budget ?

I continue to believe in the strength of DFW but some investors are priced out of our market right now.

Brandon Goldsmith · Answer

Columbus will be more expensive due to the economic growth but can still cashflow. Dayton and Cleveland will be better for overall cash-flowing properties @Maurice Smith

Alecia Loveless · Answer

@Melissa Nash Agree with Melissa government spending I’d causing property taxes to rise through the roof every year causing property taxes to rise exponentially year over year. Rents aren’t keeping up IMO.

Might I suggest another growing market, Southern New Hampshire? The Manchester area? It’s growing like a weed being practically a suburb of Boston and you can still find some nice small to small commercial multi family properties at a good price. 3-15 units. $300,000-$1.2M.

You do need someone familiar with neighborhoods because some are better than others just like with other areas but this is a great opportunity.

Melissa Nash · Answer

property taxes are much higher in TX. Thats all I have to say about that. :)

Texas vs north carolina?

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