Top 5 best multi family markets

[Patrick Flanagan]

In your opinion what are your top 5 real estate markets to purchase multi family (2-4 unit) homes.

I really like

Knoxville

Minneapolis

Birmingham

Phoenix

Kansas City, Mo

St. Louis

San Antonio(don’t like the property taxes) 

(There’s 7 of mine)

Let me know what your top markets are and if you’re investing in those areas

[Patrick Flanagan]

@Danté Belmonte

Thank you so much for the response! I’m looking to buy my next 4 plex in about 4-6 months. Would you mind if I connect with you and ask a few questions?

[Jeffrey Donis]

the Triangle NC market is hot right now! Lots of businesses moving here and it's been developing rapidly over the past few years.

[Peter Nikic]

do you own properties in any or all of these markets?

I was in knoxville recently, I liked it. 

[Patrick Flanagan]

@Jeffrey Donis

Great I’ll look in that area thank you

[Patrick Flanagan]

@Danté Belmonte

Sounds good I sent you a message

[Alex Olson]

@Patrick Flanagan of course I am bias towards Kansas City but it really is a great market. Recession resistant to say the least as it relies on no single job sector to propel its growth. Mean, it will be around forever and the lows will be mild with still good upside on appreciation due to inflation etc...hope that helps!

[Corey Hawkinson]

@Patrick Flanagan I see Minneapolis on your list. Just curious, what makes you put that in your top 7?

[Andrew Syrios]

Really depends on whether you're looking for appreciation (places like Phoeneix would be better) or cash flow (KC and St. Louis would be better). Although everything is really expensive these days.

[Saunya Wenger]

I’m in Knoxville and I love it here, but I’m Not finding any deals in my price range that will cash flow well. I’ve expanded my search to an hour radius, but then the rent rates drop off. From what I’ve seen here lately, most houses are selling fast and above asking price. It’s compelling me to look further away. 
One tip I got from a local realtor is that nearby Oak Ridge, TN has better options for multi-family compared to their single family homes. It’s a technology hub with a national lab in the city and the public schools are good there. 

[Patrick Flanagan]

@Andrew Syrios

I’m looking for cash flow, do you invest in those areas. Midwest is no where near the prices in Oregon. I just got a deal on a 4 plex that was 750k, I’m cash flowing on it and it will appreciate pretty nicely

[Patrick Flanagan]

@Saunya Wenger

Do you have a realtor that you recommend I get in contact with?

[Wala Habiby]

@Patrick Flanagan happy to talk to you about the local Knoxville market if you would like to connect.

[Justin Tuggle]

Here's a great tool to see which states are seeing inbound and outbound migration over the years: https://www.unitedvanlines.com...

[Mike Lee]

Syracuse and Kansas City are two markets that came up recently in a chat with a California based investor I met. He was looking at both markets, and had 2 properties under contract I believe in KC.

[Alice Moore]

@Danté Belmonte

Do you have an Agent in Syracuse, or do you live there t search for yourself?

[Angela Black]

@Danté Belmonte I'm interested.

[Zahid Ali]

@Danté Belmonte I am from downstate NY and was curious to know about where to look in Syracuse? Do you have any recommendations for decent areas with demand?

[Jay Yoo]

@Patrick Flanagan just wanted to make a generic comment here. Investing in real estate out of state should be throughly researched than just a projected cash flow. Hope people can google first “how to find a market for real estate” and go thru all the xyz variables before jumping on!

Feel free to connect me via DM if you want to network!

[Xiomara Davila]

@Danté Belmonte I’ve been looking in the upstate ny area a lot recently, particularly rochester ny & Buffalo. Syracuse is a great area as well, any particular areas that are best for duplexes?

[Brad Keyes]

@Saunya Wenger

I’m am currently closing on the 23rd on my first Knoxville project. As an out of state investor I would love to make new contacts in your area. If I can help you in anyway please let me know.

[Brad Keyes]

@Patrick Flanagan

Susan Calabrese. She has a great wealth of knowledge and an amazing team.

[William Coet]

It's doubtful that Syracuse is an appreciation play.

[Stephen Schmitt]

@William Coet Syracuse is not an appreciation play, but it is a very good cash flowing area. I just closed on a two family for $55k that is in good shape, good tenants and rents are $1500/month. I also have a 2 family for $100k in a good area making $1950 a month, and another bought for $65k making $1450/mo. We do have older housing and higher taxes but we are getting 30% COC returns.

We did have appreciation finally this past year due to lack of supply. Downtown Syracuse has also been improving greatly over the past 8 years. Hopefully that continues and hopefully we get a new governor.

[Paul Choi]

Sacramento, Spokane, Phoenix, Kansas City and a few more.  Great markets for 20-100 unit multifamily properties and 300+ unit self storage which is what I focus on.

[Ken Gee]

Central and northern Florida.  Specifically:

Tampa/Clearwater/St. Pete.

Orlando

Jacksonville

Basically, the I-4 corridor and up I-95 to Jax.

Those markets are growing like crazy and people are making a ton of money!

That's where we invest.

Good luck!

Ken