Any experience cashflowing duplex/triplex in these cities?

Question

So where I live (NJ) property taxes are too high to cashflow multifamily properties. I want to relocate and purchase a multifamily property to rehab/live in and then rent out.

If any of you have opinions, or suggestions on specific neighborhoods, or experience with these locations that would be helpful.

Orlando, fl

Dallas, tx

Denver, co

Atlanta, ga

Memphis, tn

Nashville, tn

Las Vegas, nv

Charlotte, nc

Raleigh, nc

Miami, FL (Little Haiti)

Columbus, OH

Boise, id

Philadelphia, PA. ...

Phoenix, az

Minneapolis, mn

Detroit, MI (I personally like the motor city)

Seattle and Portland are enticing, but the Rent to Purchase Ratio is too high.

Deborah Pyburn · Answer

Hi @Patrick Martone, the Atlanta market definitely has some hidden gems for cash flowing multi families. A large amount are in town/downtown duplexes but the suburbs have some hidden gems. There's a whole street of Quads privately owned in Marietta. Our team had two under contract but only closed on 1. My cousin owns a duplex in Lilburn that again is a whole street of duplexes. Smyrna, Austell, Mableton (Cobb County) have small multi-family units as well.

Mike O'Connor · Answer

@Patrick Martone, Atlanta and its many surrounding areas still has a lot (may be a stretch) of multi family inventory that generates quality cash flow. As you may expect, finding these deals requires a little bit more creativity than it did 3 years ago. Since Atlanta is so spread out, there are a ton of "pockets"... when one area becomes a bit too rich, other areas start to be the new "up-and-coming" area. Even now, if you find the right area, at the right time, you can find some solid appreciation potential along with your cash flow. There are also a ton of blue collar areas where appreciation is little to none, but the cash flow is quality.

Mike

Patrick Martone · Answer

@Ceary Williams I'm a newbie too so forgive me if I'm wrong. Its NJ in General, highest property taxes in the country.. I read a lot of people saying that its hard to cashflow in nj due to the taxes. Thats why I'm looking elsewhere.

Patrick Martone · Answer

@Deborah Gilbreath Thank you!

Michael B. · Answer

@Deborah Gilbreth I am interested in multis in the Atlanta area.  Can you send me the details?

Shad Hill · Answer

@Deborah Gilbreath pm me I am interested in multi-family units.

Patrick Martone · Answer

@Ceary Williams I was looking at Newark, my family is from Kearny, but I heard its a bit of a challenge for first time investors. Ironbound is supposed to be good.

Robert Ellis · Answer

local columbus guy here if you need some questions answered.

Ceary Williams · Answer

You maybe right. In general it may be one of the highest states in property taxes, but not all of jersey. If you're interested look into the Newark and Irvington area.

Any experience cashflowing duplex/triplex in these cities?

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