Cities with Apartment Deals

[Stephen Masek]

We have 14 rental houses worth a total of $2,000,000 owned outright and $200,000 in cash.  We are considering selling all of them and buying or building an apartment building this year.  Many have appreciated significantly, so return on our original investment is good, but return on current value is not so good. 

Where are you finding good apartment deals?  Las Vegas?   Perhaps I should ask if you are finding good apartment deals, as we've not seen any.       

[John Jacobus]

Marcus & Millichap's 2017 Multifamily Investment Forecast provides a list of high yield markets that may interest you. Cleveland, Cincinnati  Columbus, Kansas City, Indianapolis and Jacksonville are on the list. In addition to listing high yield markets, the research report outlines low vacancy markets, total return markets, affordable markets (% of rents relative to income), and other key measures affecting prices and rent growth, including unemployment, job growth, unit absorption, and population growth.

The materials below are free after you create an account. 

http://www.marcusmillichap.com/research/researchre...