Class A & B areas

[Lars Bruinink]

Looking for multi-family properties in landlord friendly areas with positive cashflow, Ideally in Class A and B neighborhoods.

Located in CA, but familiar with the Cincinnati area. So I've been focusing on Cincinnati and Cleveland, been considering Nevada (Vegas & Reno), Kansas City and Indianapolis. 

Any thoughts on neighborhoods and areas you would focus on? Should I add places to this list?

Thank you!

[Jeff Hamann]

Sounds like you've got a good start. Indianapolis in particular is one place I'm seeing a lot of good movement, but most of the others on your list look good.

I'd probably be a bit hesitant about higher-end multifamily in Vegas specifically right now, thanks to recently delivered upscale developments and a big drop in rents (was seeing -3.1% YoY around October/November). Not saying there aren't great deals and great opportunities, but they'd probably be a bit harder to find.

If you're looking at Indy, I'd recommend checking out the north/northeast side, around Carmel, Fishers, or Castleton, that whole (pretty wide) area. All of those are rather strong areas with a lot of pent-up demand for rentals and a strong average household income to make higher-end properties pencil.