What Markets Are You Investing in?

Question

Hi Everyone!

Curious about what markets you are investing in and how it has changed since early 2020. I have rental properties in Connecticut and have been blessed with good tenants and high appreciation with the migration of buyers coming in from New York and low inventory which helped me refinance properties and improve cash flow. I'm looking to start investing out of state to find better cash-flowing properties, landlord-friendly laws, and increased demand for rentals. From different podcasts and research, I know there are good opportunities out there. What markets are you finding positive cash flow? Are you finding better opportunities in smaller multi-families or bigger units?

Andrew Jambor · Answer

@Eric Chiang and @Frank Rodrigues. Looks like the report came from: https://mbshighway.com/, which is used by mortgage brokers. Seems pricey based on the monthly fees they charge, but knowing a mortgage broker in your target area would be a good think and they can probably send you this data.

Eric Chiang · Answer

@Frank Rodrigues : What platform did you curate the data from, and is it applicable to the area of your choosing? Data looks quite useful!

Andrew Jambor · Answer

Thanks for the replies! @Frank Rodrigues, I will check out this data and be in touch. @Michael Doherty, I would be interested in higher unit mixes near colleges if you come across anything. Also, like the east coast in Florida. The issue with CT primarily is the tenant laws. Waiting over a year now with the courts backed up to evict someone is not pleasant. I've heard enough stories from other landlords. Luckily haven't had this problem.

Michael Doherty · Answer

@Andrew Jambor I continue to invest in Ct (Hartford County) primarily. I think there is still good opportunity around here, I am also starting to see higher unit mix (12-30 units buildings) come to market. I agree with you though looking for markets that have better landlord/tenant laws. I have heard there is some pretty good opportunity on near the east coast of FL especially for air bnb purposes. Will probably be my next venture.

Sean Toomey · Answer

Hello @Andrew Jambor

I also have benefited from the CT market over the past year or so.  Before I went into CT I also invested in Memphis for mostly cash flow.  I have seen both rent increase and appreciation.  The market is now very competitive but deals can still be found there.

Frank Rodrigues · Answer

I primarily focus in the KC market and OH. Both are great for cashflow but KC is a little better at appreciation. Here is some good info that may pique your interest. Feel free to PM me if you have any questions. I hope that helps and best of luck in your research!