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Updated about 8 years ago on . Most recent reply

User Stats

75
Posts
26
Votes
Kusum Chanrai
  • San Francisco, CA
26
Votes |
75
Posts

Favorite markets & submarkets right now for multi-family?

Kusum Chanrai
  • San Francisco, CA
Posted

Hey guys, 

I'm looking at a few cities for my 1st MF - I'm hoping to keep the property for 3-5 years, and want to buy somewhere where population growth, income & job growth, and job diversity are highly likely. I was originally looking at everyone's favorite markets: Dallas and San Antonio, and Tampa and Orlando. After finding pretty poor value, I'm thinking I need to venture elsewhere. 

Does anyone know of any markets that one should consider for good MF value? 

Most Popular Reply

User Stats

1,250
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1,405
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Salvatore Lentini
  • Rental Property Investor
  • Doylestown, PA
1,405
Votes |
1,250
Posts
Salvatore Lentini
  • Rental Property Investor
  • Doylestown, PA
Replied

Hi @Kusum Chanrai - TX is getting a little "bubble-y"... The midwest has good value but growth is not as much of a guarantee.  Philadelphia?  Anyway, when you get to the point of needing financing PM me.  I have a great MF lender I've used.  Easy to qualify, fast closing.  I even have a lender that only looks at your credit score and an appraisal on the property and you can get a 75LTV loan.

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