Looking for a new MTR location

[Matthijs Pol]

Looking at purchasing my third MTR rental in the next six months. I have two in Memphis which are doing well. I don’t want to over saturated my market there. I am looking at Nashville but the costs are so high here but the return is good too.

Does anyone have any suggestions for a different market to look at? Thanks! 

[Ben Rhodin]

Hey @Matthijs Pol! Going to echo @Nathan Grabau, as MTRs here in the Denver Metro, as well as surrounding counties, is one of our major strategies currently for investors as well as myself. It will however of course depend on your situation, as you mentioned Nashville is high in cost. So Denver Metro may be out of reach as well, however, we do have investors creating consistent 10%+ COC returns with MTRs here in the area. There are a couple of pockets around Denver that are great areas for future appreciation and desirability, as well as current demand. Colorado and Denver in specific have the benefits of not only having a major medical and travel professional demand but also the demand from digital nomads and others simply wanting to come and live here for a while.

Personally, we are looking at either condos that aren't appealing for homeowners, or multifamily properties where you can spread out your risk by having a few MTRs for cash flow but some LTRs for long-term stability.