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]

@Sarah Waterman

Agree thanks for your comments

[Patrick Flanagan]

@Ken Gee

Ken great info!

I’m going to send you a message

[Tucker Cummings]

@Patrick Flanagan

All of my investments are in one city, Fayetteville, NC. It's fantastic for cash flow. But I'm looking for additional markets to start spreading out to, which is why I asked what kind of data you might have. I'll definitely do some more research on these markets, I appreciate the post and response!

[Patrick Flanagan]

@Tucker Cummings

Oh awesome, I’m in the same boat. Let’s connect!

[Stephen Schmitt]

@Hai Loc not necessarily, I would say I have one in a c+, one c and one c-.

[Jackson Malcolm]

Originally posted by @Joshua McMillion:

@Patrick Flanagan

What are your thoughts on Chattanooga? 

Sincerely,

Josh 

Hey Josh, if you have any questions about investing in the Chattanooga market I'd be happy to assist. Feel free to shoot me a PM!

[Andrew Syrios]

Originally posted by @Stanley Kutsovsky:

@Andrew Syrios

Do you feel these markets are overpriced?

 I feel like real estate in general is overpriced, although I'm hesitant about making any predictions as I've been anticipating a correction since 2018. KC and the like are no more overpriced (and probably less so) than most other markets.

[Charles Dobens]

It's interesting that Kansas City keeps coming up on people's radar. I have several clients who are having great success in KC. When I help them evaluate the deals, the numbers always look good. I did a podcast a while back with Steve Worcester who ultimately owned 3,000 units in KC starting from nothing. He sold out to his brothers and started a multifamily service-related business called Simplifyy that any MF owner/operator should check out. 

[Patrick Flanagan]

@Charles Dobens

Great info! What is your podcast called?

[Link Moser]

I'm New Hampshire and want to find my first investment property. I agree with the idea of sticking close to home but not sure what criteria to look for as I search. It seems like NH (New England in general) is not the greatest market to be in. Our property taxes are some of the highest in the country but like others have said, I'm hesitant to cut my teeth on something too far away, at least with the first out of the gate. Single family or multi?

[Dillon Cook]

@Patrick Flanagan

You're going to get a different answer to this question from every agent!

Tampa rents and property values are increasing alarmingly fast with a craze of out of state investors and home buyers.

Get a slice of Florida appreciation. Won't cash flow like the Midwest, but you'll more than make up the difference when you sell in 5-10 years.

[Patrick Madden]

@Alice Moore I used joe pierce on a couple houses but I'm not sure if he's still an agent. He was easing into more investing and less selling last I talked to him. Sean Corcoran is a property manager but he listed one of my rentals earlier this year

[Ken Kirunda]

@Patrick Flanagan

Those are nice markets.

I like Atlanta, Lakeland, Orlando, new castle , and Houston

[Patrick Flanagan]

@Patrick Madden

Thanks for the information Pat!

[Patrick Flanagan]

@Ken Kirunda

Thanks for responding Ken,

I like your list! I wish Texas wasn’t so high in property taxes

[Patrick Flanagan]

@Dillon Cook

I totally agree!

But I mean how can you argue the awesome Florida weather too! Haha

I’d love to learn more about investing out there

[Jackson Babcock]

We like the Carolina's.  There are multiple hot MSA's in North and South Carolina.   

[Mike Lorence]

I picked up my entire life and moved to Florida so that we can invest locally in Florida multifamily.  I believe in the market that much.  We considered Dallas, Phoenix, etc but it's possible that they won't have the long run population and job growth that will match the I-4 corridor in central FL.  Best areas in Florida for job and population growth AND value add workforce housing investing are: Tampa, Orlando, Lakeland, Ocala, Gainesville, Tallahassee, and Gainesville.  I'm not saying Florida is the best.  But it was good enough for me to bet the farm on it.  Should I do a podcast on this thread to go deeper on it?

[Clay Lehman]

I would listen to the podcast. Those are definitely strong markets.  Happy to connect to provide boots on the ground input from an Ocala investor, realtor and property manager.  Also, I admire your commitment.  Welcome to Florida!!

[Wale Lawal]

@Patrick Flanagan Every market has its Ups and Downs.

You may want to consider Houston, Texas in your research to see if it check your investment criteria.

Goodluck 

[Forrest Faulconer]

I agree with @Sarah Waterman, anywhere you can find something at a decent price in this market.

[Patrick Flanagan]

@Jackson Babcock

Thank you and thank you for responding!

[Patrick Flanagan]

@Mike Lorence

Yes please!!

[Patrick Flanagan]

@Clay Lehman

Great thank you Clay!

[Patrick Flanagan]

@Wale Lawal

Do you think property taxes are low enough to make sense??

Thank you for responding