Where to buy fourplex?

[Nadine Hylton]

Topic: Best cities to buy a fourplex

I wanna purchase a fourplex and I’m open to buy in any city that’s profitable. My own city is a HCOL area, so not a lot of options here.

Since I’m late to the investing game, I wanna get the best bang for my buck as opposed to starting with a single with family homes.

I’m interested in the buy and hold and MTR models. Im open to either or both.

Based on your experience, what cities would you recommend researching and investing in?

[Mike D'Arrigo]

@Nadine Hylton I wouldn't say that there are markets that are good specifically for fourplexes. I think that you're looking for good investment markets in general. That being the case, I recommend looking for markets that are not only affordable and cash flow well. but have strong economic and demographic trends. The most importnat factors when choosing a market in my opinion are:
1. Growing population
2. Job growth
3. Modern/diverse economies
4. Low to moderate property taxes and insurance
5. Landlord friendly

Personally, I like Indianapolis, Kansas CIty and the Quad CIties (Davenport, IA specifically) We've been active in KC and Indy for over 10 years and Quad Cities for the last 2 years. I'd be happy to share my experience and insights if you'd like.