Investor · Austin, TX · Member since 2018 · 24 posts · 6 votes
Hi everyone, I'm 38-years old, and new to the real estate investing world. My first investment property is a SFR in AUSTIN TX. I'm now looking for my 2nd investment property and seeking all your advise and recommendations. I'd like to own this property in "appreciation" markets (obviously with a small cashflow would be an ideal), and based on my market research, am more interested in Florida, Atlanta, Charlotte and north Dallas. Among these markets, Florida (FL) sounds very attractive to me. My questions to you are 1) From strategy viewpoint, what's your general investing advise for my 2nd property? Do you think it's a good idea to focus on appreciation market? and 2) What'd be your recommendation among the above-mentioned or perhaps other markets that I need to look into? Do you know where in fL would be really great to invest for the future?
Specialist · Riverside, CA · Member since 2015 · 6k+ posts · 3k+ votes
5y
Get more specific with your analysis than FL at large, The area in your backyard of the Austin Suburbs and SA has quite a bit of opportunity for appreciation and rent growth.
Most markets in the country have greatly appreciated over the past decade. Also, it is quite difficult to predict which markets will outperform others in the future. I have worked with lots of investors in TX, would love to connect if you're interested.
Multifamily Syndicator · New York, NY · Member since 2020 · 68 posts · 37 votes
4y
Hi Ali,
My advice would be to always buy for cash flow first. This will allow you to survive economic downturns and unforeseen expenses. With that said if you can buy for cash flow in an appreciating market that would be even better. You mentioned this is your second rental, if you have a team in place in your current market you may be better off continuing to grow their instead of starting from scratch in a new market. Hope this helps!