Considering Dallas And Atlanta For Multifamily Investing. Thoughts Or Ideas?

[Ross Williams]

Tough to make the numbers work here in Boston.  Looking for out-of-the-box strategies or ideas.  Thanks in advance!

[Frank Teshima]

@Ross Williams Great choices. Trying to find deals that pencil, is very difficult right now. To answer your question, whether Atlanta, or Dallas? I have not done extensive research in Atlanta, however, I would choose Dallas for two reasons. 

1. Dallas has one of the strongest job growth, which means, continued increase in demand. We have seen a increase in vacancy due to the supply far outpacing the demand at the ending of 22', going into 23'. However, when you have a strong increase in jobs, demand will follow that. 

2. I believe, if you look at the inner/outskirts of Dallas (Plano, Arlington, Garland, Wylie, Mckinney, Allen, Denton) You will find assets that are trading at a low cost/per door, rather than the Core of Dallas, and the outter-outter skirts. The Metro is growing so fast, they started building houses, before they designed the roads. 

Hope this helps!