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Updated over 5 years ago,
Newbie, what is the best city for a multifamily investment?
Hello all,
I am a newbie to bigger pockets. I live in sunny SoCal and want to invest in something out of state that will cash flow.
I have been analyzing deals on BP and I cannot seem to find something that makes sense on the west coast.
Which cities should I consider for multifamily? I have been on the west coast all my life. I do not know anything about the east coast or the mid west. I have a 4 plex in San Antonio, TX that I bought with 3 of my friends. We got lucky, it was a new construction, and we bought in 2012 at the bottom. I would like to replicate that but every time I run the numbers on BP.
Anyone investing in Las Vegas, Pheonix, Portland, or Seatle? What are your thoughts?
I have about 200k cash to invest. Any advice is appreciated.
I guess the correct questions is how do I identify which city to invest in?
Cheers!
Tamer