Need guidance where to invest in today's market.

[Cathy Lopez]

Hello, Biggerpockets community, This is my first question on this forum.

 My husband and I are looking to invest in 3-6 multifamily rental units.  We currently have a few single-home investments in Memphis.  Here are my questions - 

1) What long-term city would you invest in today? 

2)  Are there any untapped markets left? Or is everything in all of the USA just too crazy and expensive to get into right now? 

3) Should we hold our cash and wait?

Look forward to hearing what is out there.

Best,

Cathy & Max

[Alfath Ahmed]

The Columbus market is great for real estate investors to get started. There are areas that I recommend in the Columbus market that I personally invest in like Old North, Old Town East/King Lincoln Bronze Ville, Merion Village, Driving Park, North Linden, Hungarian Village, Bexley, and North Hilltop. These are all great areas that you can buy investment properties in and let your net worth skyrocket.

These are all areas within the Columbus market that is next to an economic base. They are surrounded by economic development which is causing a good increase in population and rent growth.

I just read a published article today by the Columbus Dispatch that Franklin County home values are supposed to rise by 30-35% with re-appraisal. We have had nearly a 39% property value gain from 2019 to 2022 in the Columbus market.

Let me know if you need information on the Columbus market or just want to simply hop on a call and discuss.