METRO SIZE for the first time OOC multifamily.

[Dennis Nikolaev]

I'm doing research on the best metro area for multifamily investment. (10 unit+)

I go by positive migration, median income and median home price comparison.

The larger cities tend to score lower on this metric.

Some smaller cities look amazing. For example Myrtle Beach, had a 30% increase in population over 10 years, has good household income and home prices are still well below national average.  The rub is that the population is still about 300k.

I am concerned that smaller cities may not have top level professionals in every field.

Even bigger concern, is that in smaller markets vacancies may fill up slower after repositioning.

It is my first time to go out of state and multifamily. 

Right now I set a threshold of 500 000 residents for the metro.

What threshold would you set?

[Dennis Nikolaev]

@Art Perkitny That is a hell of a lot of juicy info. Carolinas start to overshadow Florida. A huge influx of people, low prices.

Myrtle Beach is just amazing