What zipcodes in East coast are best for multifamily

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What zipcodes in East coast are best for multifamily

Femi Ajayi
Member since 2020 · 3 posts · 0 votes

Hello family,

What zipcodes in East coast are best for multifamily in this current climate...in terms of occupancy rates, cash flow, appreciation? What areas are working out for you today? What areas seem like they are good today and have more potential over the next few years...I am looking to invest in multifamily properties this year under 600k...no brrr, no flips

Any feedback and response os very well appreciated. Thank you

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Chris SeveneyBusiness Member
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Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
2y

@Femi Ajayi

Recommend you do your own research on this and visit the places you consider investing

There are 41,704 zip codes across country and no idea how many on east coast

Regarding cash flow and appreciation - they do not go hand in hand. Areas that are cash flowing are lower priced and do not appreciate as an asset that has appreciation but lower cash flow.

Lastly if you want a detailed response on BP it’s better to do research and ask detailed questions.

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  • Bob S.
    Real Estate Consultant · Cleveland · Member since 2020 · 6k+ posts · 3k+ votes
    2y
    Quote from @Femi Ajayi:

    Hello family,

    What zipcodes in East coast are best for multifamily in this current climate...in terms of occupancy rates, cash flow, appreciation? What areas are working out for you today? What areas seem like they are good today and have more potential over the next few years...I am looking to invest in multifamily properties this year under 600k...no brrr, no flips

    Any feedback and response os very well appreciated. Thank you


     On the coast NONE, I would not touch them, overpriced, Mid-west, many in OH, 10%ish nets are to be had. 

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  • Chris SeveneyBusiness Member
    Moderator
    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    2y

    @Femi Ajayi

    Recommend you do your own research on this and visit the places you consider investing

    There are 41,704 zip codes across country and no idea how many on east coast

    Regarding cash flow and appreciation - they do not go hand in hand. Areas that are cash flowing are lower priced and do not appreciate as an asset that has appreciation but lower cash flow.

    Lastly if you want a detailed response on BP it’s better to do research and ask detailed questions.

    7e investments53 Reviews
    WebsiteView Page
    2Reply
  • Bob S.
    Real Estate Consultant · Cleveland · Member since 2020 · 6k+ posts · 3k+ votes
    2y
    Quote from @Chris Seveney:

    @Femi Ajayi

    Recommend you do your own research on this and visit the places you consider investing

    There are 41,704 zip codes across country and no idea how many on east coast

    Regarding cash flow and appreciation - they do not go hand in hand. Areas that are cash flowing are lower priced and do not appreciate as an asset that has appreciation but lower cash flow.

    Lastly if you want a detailed response on BP it’s better to do research and ask detailed questions.


     Well said, are you sure you're not a politician LOL , I was going to be a bit more direct, like HEY DO YOUR HOMEWORK, :) 

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