All Forum Posts by: Daniel Kil
Daniel Kil has started 4 posts and replied 11 times.
Post: Best cities to invest in multifamily properties
- McLean, VA
- Posts 11
- Votes 9
Originally posted by @Chris Levarek:
@Daniel Kil As posted in another post, we use"
Reports from IRR .com, Zillow, Realtor, YardiMatrix, RealPage, Multihousingnews .com, public.tableau. com (various sources), UHUAL, Urban Land Institute , etc.
"
I think the IRR.com report for 2022 and the Urban Land Insitute Emerging Trends report should put you on the right path.
Some of that data is in another post I did as well here : https://www.biggerpockets.com/...
Thanks for the link!
Post: Best cities to invest in multifamily properties
- McLean, VA
- Posts 11
- Votes 9
Originally posted by @Mike D'Arrigo:
@Daniel Kil I like the Quad Cities, particularly Davenport, IA, We do a lot of small to medium multi families there. Personally, I wouldn't make great schools a priority. 2/3rds of all renters don't have children and that number is probably higher for apartments. Also, keep in mind that neighborhoods with great schools do not usually have a lot of multi families.
Thank you for the input.
Yes, I totally agree with you in regards to school rankings and family size for MFH renters.
Post: Best cities to invest in multifamily properties
- McLean, VA
- Posts 11
- Votes 9
Originally posted by @Andrew Hogan:
Indianapolis and other cities in the Midwest can be a great place for you!
Indy has had nearly 40 years of 3% rent growth and more recently:
2020 - 4.7%
2021 - 8.3%
I'd recommend searching for something that doesn't need a heavy renovation in order to reduce your operational risks.
Thanks much for the suggestion. I'll definitely look into the Indianapolis market.
Post: Best cities to invest in multifamily properties
- McLean, VA
- Posts 11
- Votes 9
Hi everyone,
I'm relatively new to real estate investing and have a few deals under my belt. Looking to scale a bit more and am in search of MFH's w/ 10-20 units. I know cap rates are pretty compressed right now, so I'm really just focusing on areas with solid population growth, job growth, great schools, etc...
Price range is $1-2 million.
Any suggestions on which cities and areas I should be focusing on would be greatly appreciated.
Thanks!
Post: Contractors in the Phoenix Region
- McLean, VA
- Posts 11
- Votes 9
@Daniel Kil
Wanted to re-new this thread without making another post.
Searching for a general contractor who can help with rehabbing and renovating SFHs or smaller MFH. Looking for one who also has experience working with out of state investors.
Would appreciate any good referrals !
Thanks much all.
Post: Searching for property managers in Phoenix
- McLean, VA
- Posts 11
- Votes 9
@Anthony Gayden Thank you Anthony
Post: Searching for property managers in Phoenix
- McLean, VA
- Posts 11
- Votes 9
@Melanie Johnston thanks much! Will reach out to her today
Post: Searching for property managers in Phoenix
- McLean, VA
- Posts 11
- Votes 9
Hello all,
Was hoping to see if any knew of strong property managers in the Phoenix region. Any suggestions and referrals would be greatly appreciated!
Daniel
Post: Contractors in the Phoenix Region
- McLean, VA
- Posts 11
- Votes 9
Hello all,
I'm an out of state investor who is currently on the hunt for MFH's in the Phoenix region and was hoping to obtain some referrals for reliable and great general contractors. Any and all help would be greatly appreciated!
Post: Looking to invest in the Phoenix region
- McLean, VA
- Posts 11
- Votes 9
Originally posted by @Melanie Johnston:
Hi @Daniel Kil welcome to BP! I thought it might be helpful for you to see the current active listings for MF in Metro Phoenix priced under $400,000 I will DM this to you as BP frowns on links like this.
MF in our market is competitive as many Californians want to invest close to home, but in more affordable markets. There are off-market opportunities, but those generally must be bought for cash with minimal opportunity to inspect and negotiate. Certainly keeps things interesting!
Please let me know if you have any questions or want to learn more.
Melanie
Thanks much Melanie. I'll reach out to you via DM