Good Markets for Multi Family

[Matthew Vedder]

Hi folks,

I am new to the Bigger Pockets community, and am excited to connect with you all! I am looking to buy my first rental property and am just beginning to research out of state markets. I would like to buy a fourplex as my first investment so that I can scale as quickly as possible. What are some accessible markets that are good for buying small multi-family real estate? I am trying to make a short list of cities to research. From there I will pick one and begin building a team : )

Thank you for your help!

Matthew

[Danielle Jackson]

It really depends on your goals. High growth markets, that may be more expensive but may appreciate more quickly, or markets where you can generate a nice cash flow. 

Not knowing your goals is tough, but a couple growth markets to potentially look at include Tampa Bay, Jacksonville, Buckeye (AZ), Cincinatti, Huntsville (AL). There are so many more, but a handful to look at.