Multi Family best locations for growth

[Steve Castagnetta]

What areas have you found in the last 2 years that are having an explosion of rents do to growth and lack of supply ?

[Jordan Scroggins]

Richmond, VA is a hotspot for multifamily. Good turnkey multifamily inventory doesn't stay on market longer than 3 weeks at most. The weaker areas sit a bit longer. The ability to get into multifamily and bring in some more cash flow via a medium term rental has made the interest rate environment less relevant. If you have 3 or more units, you can also make one of them a short term rental in certain zoning districts.