Top Multifamily investment markets

[Jay Malaviya]

Hello BP community, I am new here and planning on investing in multifamily property. Currently checking Austin and San Antonio areas. But want to know if there is any other location which might be good for multi family investment. Also, I am OOS investor. Any advise is appreciated. Thanks!

[Brandon Sturgill]

@Luka Milicevic tip of the iceberg...

1. 2nd Largest City in the Midwest behind Chicago (And Larger than Atlanta, San Francisco, Indianapolis, Charlotte, Nashville, Fort Worth, Denver, Seattle...and many others)
2. Port Cities are a Thing of the Past- Columbus is the "Center of the Country"
3. Cost of Living is Quite Low with High Quality of Life When Compared to Other Large Cities
4. 1st Amongst the 10 Largest Midwest Cities in US for Population Growth, Job Growth, and GDP Growth.
5. Realtor.com "Hottest Real Estate Market" in the US April 2019/ December 2020
6. AAA Bond ratings
7. #2 Metro Market in US for Mobile Network Performance
8. Average age 31yrs. & Top "Hipster" Destination in the US
9. 88 Jobs Paying Higher Wages than New York City
10. Home to 2nd (soon 1st) Largest University in the US ($7B in Capital Projects & 60,000+ students)
11. Hotbed of Startups and Venture Capital- "Exodus from Silicon Valley"
12. 1st "SMART" City in the US ($50m DOT Grant)
13. Intentionally Underbuilding to Hedge Risk...30,000+ units short of demand
14. 11-County Region with Huge Room for Growth & Expansion (3million+) over the next 20-years
15. 50% of the Columbus Population Rents
16. All-time Record Low Homeownership for the Millennial Generation (largest population in America-bigger than Baby Boomer population)
17. The Average Market Rent in Columbus has Climbed to $2,000/mo. (existing "affordable" inventory becomes very attractive)
18. "1%" Rent-to-Purchase Price Ratios and 7-10% Cash-on-Cash is Normal.
19. An Abundance of C/C- Locations in Extreme Transition with Verifiable Upward Trends
20. Neighborhoods with 70-90% Price Appreciation Over the Last 5-Years
21. 20,000+ Multifamily Structures in Franklin County; Less than 10% Transact Annually
22. Market Rents are Impossibly Low Across Existing Small MF Inventory