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Updated almost 4 years ago on . Most recent reply

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Dennis Nikolaev
32
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84
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Texas vs Florida for 10 door investment.

Dennis Nikolaev
Posted

Thank you for opening my post.
I'm about to start looking into my first multifamily (10 doors).

Now picking a metro area. 
A big decission, because if all good I'd be likely to get the next property in the same location. Really hard. However, after considering the metrics and local relationships my research points me to  2.1 options:

1. Tampa, Fl

2. Huston, TX

2.1 (a back up) Charlotte, NC

All apparently show a good job and population and income growth. With pockets of mildly affordable areas.
However, now I am at the impasse, witch one to pick.

Witch state is more investor-friendly (taxes, lows, insurance)?

If you were buying your first multifamily, with one out of these 2.1 would you pick?

Dennis

Most Popular Reply

User Stats

84
Posts
32
Votes
Dennis Nikolaev
32
Votes |
84
Posts
Dennis Nikolaev
Replied

small, way too slow steps. I ended up in San Antoni TX. Bought a few empty lots near downtown to put a container apartment.

Got a professional team.

Now, I'm scared out of my mind as I start pouring in money and

success is not assured. However, I'm already paying interest.

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