Where is everybody's favorite up-and-coming market?

Question

Just pickin' everyone's brains! What areas are you eyeing for good cashflow now...but expecting big growth in the next 10 years?

Joshua Janus · Answer

Columbus, Ohio is my favorite market!

It is a great market to invest in. The population has been growing here year over year over the last decade, it is home to The Ohio State University which has over 50,000 students that live here along with those that visit, and it also holds a diverse range of young professionals and traveling nurses to fill the demand of the multiple business corporations and hospitals stationed here. The appreciation rate in Columbus has been 8% higher than the national average over the last year. Tech companies are continuously moving here and establishing a footprint in Columbus as well. Intel is a great example, who is building the largest chip manufacturing plant in the US right here, and it will be a $20 billion dollar investment that brings a few new thousand jobs.

https://www.dispatch.com/story/business/2022/01/21/intel-ohio-building-computer-chip-factories-licking-county-jersey-township/9173472002/

Another example of economic growth is the upcoming Ohio State University Wexner Medical Center Inpatient Hospital which is a 1.9million square foot hospital that will bring over 800 new beds and a thousand new jobs.

https://abc6onyourside.com/news/local/new-osu-hospital-expected-to-transform-health-care

Here are a few more recent investments

https://www.10tv.com/article/money/business/hydrogen-power-company-hyperion-bringing-700-jobs-to-columbus/530-25907aab-5517-4661-a9f3-d2ed2d5be6b0

https://news.wosu.org/news/2022-02-08/rumpke-to-build-50-million-recycling-facility-in-columbus

Check out The Complete Guide to the Columbus, Ohio Real Estate Market which goes through the Columbus, Ohio market in depth and will give you a better scope of where the highest levels of growth are taking place and where to look to invest.

Nathan Grabau · Answer

Ames, Iowa area. Still has positive cashflow, you can get in at 50-70k a door, and the tenant base is great. Very low turnover. It is also an area with stable population unlike Ohio/ other high cashflow area's that are experiencing population decreases. Anyone who see's this and wants to know more feel free to DM me and I can get you in touch with my agent/ property manager there!

Joshua Janus · Answer

You can find them in areas such as Linden, Hilltop, Vassor Village and plenty of others. Even on the market. Just need to look out for them!

Matt Corso · Answer

@Joshua Janus Are you guys still finding homes with good cashflow in that market? Probably few and far between if you're looking to hit double digit ROI, ya?

Henry Lazerow · Answer

The gentrifying parts of Chicago... Mckinley Park, Bridgeport, West Logan Square, West Avondale, Albany Park. Rents have been shooting up in these areas over last few years.

Remington Lyman · Answer

I keep buying in Columbus, Ohio

Where is everybody's favorite up-and-coming market?

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