What markets are you looking at right now?

[Austin Scott]

Considering everything going on in the world right now, I am curious where the members of this forum are looking for new property?

It sure seems like the impact varies depending on where you're looking. Most of my experience is in Non-MF CRE in western markets. Talking with my network, many of our clients with MF units across different states are feeling the affect differently depending on what state the properties are located in.

Let's get a discussion going:

1. What markets are you currently looking in?

2. What types of properties are you looking for?

3. Has the way you evaluate markets or properties changed since COVID began? How so?

4. If you currently own property, how have you collections and/or tenants been effected?

I'll go first:

Primarily southwestern US

2-10 unit multifamily

Definitely not looking in CA anymore

Personal properties not affected but clients are seeing 80-90% of usual collections 

[Keith C.]

@Austin Scott as long as you set one of your search criteria to “ warm sunny weather “ you are one step ahead of 80% of the country .

Of course there are other factors but As my Great Grandad would say “ Go South My Son , Go South “

After pandemic this holds even more common sense