Updated almost 5 years ago on . Most recent reply
Good multifamily markets
I am in the process of 1031-ing a single family rental into a larger multifamily (8+ units). Unfortunately, I live in Southern CA, which is a very difficult market to acquire multifamily properties in. Because of this, I am looking to invest out of state. I have been researching other markets for a few months now and am having trouble finding good, cash-flowing deals. I know off-market deals and direct mail often times are the way to go, but I need to narrow down my target markets in order to really focus in and build a network in those markets to find deals.
What markets are you guys finding good multifamily deals in currently? And how are you finding these deals?
Most Popular Reply
Depends on how you define a good deal. Lots of investors are doing 1031s out of CA in to Idaho where I live- low crime, high quality tenant base, less than 1% vacancy and super landlord friendly.
Best of luck!
- Corby Goade