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Updated about 2 years ago on . Most recent reply

User Stats

48
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34
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Irvin Nguyen
  • Beaverton, OR
34
Votes |
48
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Multifamily market options

Irvin Nguyen
  • Beaverton, OR
Posted

Hi guys,

I am currently looking to get into my first multifamily investment. I already have 1 SFH which is why my next investment I would like to go with multifamily. Preferably something smaller like 2-4 units. What are your states you guys tend to look at for this market recently that have been doing well? I leaning more towards the cashflow side with some appreciation also. I don't want to fully lean towards the straight cash flow side as I there can be some troubles to that later on down the road. I would preferably like the B/C class ranges. The west coast where I am from seems to be to high in price range for me to go the multifamily route. Oregon is where I am currently living and it is really expensive and not landlord friendly at all so I would like to get one out of state. Based off what I gathered so far the options with reasonable pricings where it hasn't hiked a lot has been:

Ohio

Tennessee

North Carolina

Kentucky 

Wisconsin 

Indiana

Florida (if so which cities? most seem kind of high from what I have seen)  

I know some people may argue that these states wont appreciate as much or as quick as other states but it seems to be stable. Would anyone have any other suggestions I should look into?

Thank you! 

Most Popular Reply

User Stats

1,447
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1,959
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Patrick Drury
  • Real Estate Agent
  • Columbus, OH & Cleveland OH
1,959
Votes |
1,447
Posts
Patrick Drury
  • Real Estate Agent
  • Columbus, OH & Cleveland OH
Replied

@Irvin Nguyen
In Ohio, I would recommend looking at Columbus OH. You can get good cash flow and solid appreciation at the same time. Columbus has a lot of job opportunities and population growth. Especially with Intel coming to Columbus as well as Hyperion, which is a company that makes hydrogen fuel cells. Columbus is home to the HQ of Chipotle, Wendys, White castle, L-Brands, and Hunnington. Columbus is also home to OSU, which constantly develops real estate, employs lots of jobs, and attracts students from the US and internationally to attend. On top of all of that, it boasts one of the best college football teams Ohio state buckeyes, which is very well known and has a cult following, and attracts a lot of people to the games. 

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