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Updated almost 4 years ago,
Texas vs Florida for 10 door investment.
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