Where to Invest I Apartments

[Peter Torres]

I'm a new investor interested in commercial apartment buildings up to 1 M I'm a musician and willing to relocate anywhere in USA. I want to self manage and learn the business. I currently live in Dallas tx but its a hot market, I have been looking in to Killeen tx or Rio Grande Valley Area, Also Memphis TN. I would appreciate a word of advice, thanks

[David Acosta]

Being local to Dallas is a huge plus.  A great market that continues to grow.  I would explore options to get involved locally (partnerships, etc.) before crossing it off your list completely.  With it being a hot market, at the very lest you should be able to connect with multi-family investors/syndicators in the area who may be able to provide some guidance.

If going out of state, I think Memphis could be a great option for you.  As noted by the others, this a strong cash-flowing market where healthy returns can be achieved.  The economy is diverse, too, focusing on healthcare, biomedical research, education, transportation, distribution and logistics.  Fed Ex has made it their main U.S. hub and headquarters.  This is a market that I believe will leave you pleasantly surprised. As @Jason Hopkins and @Rashard Alomari mentioned, connect with local investors and industry folk and they should be able to point you in the right direction.  Best of luck!