Real Estate Markets Flying Under the Radar

[Chaz Mathias]

Hi BiggerPockets,

We also hear about the hot cash flow markets such as Memphis and cities in Ohio. Are there any cities out there that are not getting the attention they deserve? I would be interested to hear your thoughts and the supporting data/ analysis. 

[James Wachob]

@Chaz Mathias Memphis is definitely on every investor's radar. Other cities that are getting some attention are Indianapolis, Kansas City, and more recently Jackson, MS & Birmingham, AL. 

One of the reasons Memphis is a perennial market for investors is the availability of properties that are not in the "bad areas" and they can cashflow very well.

As an OOS investor, I'd suggest that you start with the location as your 1st priority. If you buy in the wrong area of any city you have already set your property manager up for failure. By working with a trusted advisor who knows their market, you will be able to quickly identify the pockets in each city that will produce a predictable income.