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Updated over 2 years ago on . Most recent reply
Market Research for Out of State Investing
Hi BP Fam,
I have been doing some market research and I have narrowed my potential markets down to the following five markets; DETROIT, MI,
AKRON, OH, CLEVELAND, OH, MEMPHIS, TN, and MILWAUKEE, WI. I have chosen these markets due to the median MF home value being under 200k, a decent appreciation rate ranging from 9%-28%, and these markets have seen an increase of population and job growth YoY. Could anyone please share any advice on these specific markets? I would like to know things like: What is your favorite aspect about investing in this market? What are the best neighborhoods for low costing properties but have great cash flow? What is your ideal price for a BRRRR MF property in this market? What are you expectations for this market for the next 12 months? I look forward in reading your responses!!
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#4 All Forums Contributor
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Quote from @Angelo Cortez:
Have you heard of the Kia Boys? For that reason alone, I am hesitant in even considering Milwaukee.
