Could these Cities be the Next Place to Buy Multifamily Units?

[Karen Schimpf]

This is an article from Bloomberg that discusses the Unlikely Cities that Will Power US Economy  Could these Cities be the Next Place to Buy your Multifamily Units?

Click here to check out the cities. http://www.bloomberg.com/graphics/2015-stem-jobs/

[Mike R.]

i wonder about owning properties not located in the state that you reside, but clearly lots of people do it so what do i know.  as far as the "next" location i vote the west coast but more the Oregon Washington areas rather than Calf.  i work in downtown Seattle and can tell you the growth there is huge and that has driven up rents.  however, the city hasn't done a good job with keeping the city clean (too much crime and homelessness).  Rent control will make it there and "inspections" by city "experts" and the associated fees are already in place.  outlying areas are interesting but to find deals is another matter.  Lots of uninitiated investors coming into the market and cap rates are getting too low (IMHO).  look at more affordable/better priced locations that allow easy commuting into Seattle.