Best tech cities for real estate investing?
Hi everyone, this is my first post on BiggerPockets, I've found the site to be immensely useful and am looking forward to getting more involved as I make a start on my real estate adventures.
As I'm planning to move to the States to transition into the tech industry soon, I'm in the interesting position of having total flexibility as to where I live (provided that it's in a tech hub). That considered I'd like to maximize my real estate investing opportunities and am looking to choose a city that will accommodate my plans of accumulating a multifamily rental portfolio.
Two options that I'm currently considering are Raleigh NC and Austin. In the Austin scenario I reckon I'd probably end up investing in San Antonio where the cash flow is more reasonable. And I hear that Raleigh is ready to boom but still has a fair few good buy to rent opportunities.
I figure San Francisco is basically out of the question at this point, so some other options could include, Seattle, San Jose, and Charlotte to name a few.
Basically my question is.... what would you do in this situation?
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Interesting that your question came up as I had just finished completing a Forbes article on the US cities creating the most technology jobs. The list: 1. San Francisco; 2. Charlotte 3. Austin 4. San Jose; 5. Indianapolis; 6. Raliegh; 7. Nashville; 8. Seattle; 9. Detroit/Warren/Dearborn MI; 10. Denver; 11. Salt Lake City; 12. DFW; 13. Phoenix; 14. Grand Rapids/Wyoming MI; 15. Kansas City
Link below is the supposed 2017 top multifamily markets to watch. 10 Multifamily Markets to Watch in 2017 The overlap between these markets & the technology markets are Oakland, DFW, Indianapolis. Based on this I'd it seems like DFW or Indianapolis would be good choice.
Another option: Chicago. Why? It's on the top 10 multifamily market list & although it didn't make the Forbes list it made the Inc 5000 list & w/ the airport DFW, Austin, Indianopolis,...... are less than a couple of hours away.