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Updated about 2 years ago, 11/07/2022

User Stats

234
Posts
84
Votes
Dominic Pizzi
  • Lender
  • Freehold, NJ
84
Votes |
234
Posts

Hot/Growing Real Estate Markets for Investment Real Estate

Dominic Pizzi
  • Lender
  • Freehold, NJ
Posted

Hey all, 

Wanted to hear everyone's opinions in regard to the hot real estate markets to invest in for the rest of 2022 and maybe into the beginning of 2023. Where are a majority of your borrowers/buyers looking to invest or have invested? 

I can start with an example of mine: Alabama is a big state that we are seeing an influx of borrowers/buyers looking to purchase and hold rental properties. These include fix and holds as well as rent ready properties in the big areas including Tuscaloosa and Huntsville to name a few. 

Excited to hear where you guys are seeing growth for real estate investors! 

User Stats

309
Posts
184
Votes
Lara White
Agent
  • Rental Property Investor
  • Oklahoma City, OK
184
Votes |
309
Posts
Lara White
Agent
  • Rental Property Investor
  • Oklahoma City, OK
Replied

Hi @Dominic Pizzi!  I'm originally from Tuscaloosa, it's a great little city!   The closer you get to campus... the better I think. I don't have anything there anymore. My properties are in Florida and here in the Oklahoma City metro now.  Where in T-town did you buy?

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Modern Abode Realty
5.0 stars
27 Reviews

User Stats

140
Posts
75
Votes
Carolyn Yates
Pro Member
  • Real Estate Agent
  • Sarasota, FL
75
Votes |
140
Posts
Carolyn Yates
Pro Member
  • Real Estate Agent
  • Sarasota, FL
Replied

I am seeing investors in Texas and Florida. I have not fact checked but heard 25% of the jobs created since the pandemic were in Texas.  Florida continues to see an influx of people relocating.

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User Stats

2,616
Posts
896
Votes
Dave Skow
  • Lender
  • Seattle, WA
896
Votes |
2,616
Posts
Dave Skow
  • Lender
  • Seattle, WA
Replied

@Dominic Pizzi- syracuse NY 

User Stats

502
Posts
319
Votes
Ben Scott
Pro Member
  • Property Manager
  • Oklahoma City, OK
319
Votes |
502
Posts
Ben Scott
Pro Member
  • Property Manager
  • Oklahoma City, OK
Replied

If you drive through north Texas, there are cranes and new highways and development everywhere. But property taxes are notoriously high in TX given there is no state income tax. Oklahoma City is a quiet market with small ticks in appreciation (2020-2021 not withstanding) and a stable tenant and employment base.

  • Ben Scott
  • User Stats

    234
    Posts
    84
    Votes
    Dominic Pizzi
    • Lender
    • Freehold, NJ
    84
    Votes |
    234
    Posts
    Dominic Pizzi
    • Lender
    • Freehold, NJ
    Replied
    Quote from @Lara White:

    Hi @Dominic Pizzi!  I'm originally from Tuscaloosa, it's a great little city!   The closer you get to campus... the better I think. I don't have anything there anymore. My properties are in Florida and here in the Oklahoma City metro now.  Where in T-town did you buy?


     I actually have not bought any of my own investment properties as of yet, however recently I have seen a strong increase of borrowers from Alabama in our company! Many of them finding homes to invest in within the Huntsville and Tuscaloosa areas!

    User Stats

    234
    Posts
    84
    Votes
    Dominic Pizzi
    • Lender
    • Freehold, NJ
    84
    Votes |
    234
    Posts
    Dominic Pizzi
    • Lender
    • Freehold, NJ
    Replied
    Quote from @Carolyn Yates:

    I am seeing investors in Texas and Florida. I have not fact checked but heard 25% of the jobs created since the pandemic were in Texas.  Florida continues to see an influx of people relocating.


     Could not agree more Carolyn. If the rumors about Big Tech moving most of their operations to Texas are true, we will start to see a large influx of people needing homes to rent there. 

    User Stats

    234
    Posts
    84
    Votes
    Dominic Pizzi
    • Lender
    • Freehold, NJ
    84
    Votes |
    234
    Posts
    Dominic Pizzi
    • Lender
    • Freehold, NJ
    Replied
    Quote from @Dave Skow:

    @Dominic Pizzi- syracuse NY 


     I have not heard much about upstate NY so it is interesting that you said that Dave! I assume that Syracuse University as well as the other surrounding colleges/universities have something to do with the popularity in investing there. 

    User Stats

    234
    Posts
    84
    Votes
    Dominic Pizzi
    • Lender
    • Freehold, NJ
    84
    Votes |
    234
    Posts
    Dominic Pizzi
    • Lender
    • Freehold, NJ
    Replied
    Quote from @Ben Scott:

    If you drive through north Texas, there are cranes and new highways and development everywhere. But property taxes are notoriously high in TX given there is no state income tax. Oklahoma City is a quiet market with small ticks in appreciation (2020-2021 not withstanding) and a stable tenant and employment base.


     I am seeing a lot more Midwestern investors so it is interesting that you noted that Ben! The other areas I am seeing people invest in are Missouri and Kansas because house prices are seemingly cheaper and they tend to be rent ready so not much work that has to be done for them!

    User Stats

    309
    Posts
    184
    Votes
    Lara White
    Agent
    • Rental Property Investor
    • Oklahoma City, OK
    184
    Votes |
    309
    Posts
    Lara White
    Agent
    • Rental Property Investor
    • Oklahoma City, OK
    Replied

    @Dominic Pizzi So are you in Tuscaloosa?  Or Huntsville? Or somewhere in between? lol  I grew up in Tuscaloosa, and both my hubby and I went to UA but I worked at Alabama Credit Union for a couple of years which has offices in both towns, although I'm not as familiar with Huntsville!  I remember it's real estate was a little more pricey because of the Space center.

    business profile image
    Modern Abode Realty
    5.0 stars
    27 Reviews

    User Stats

    2,616
    Posts
    896
    Votes
    Dave Skow
    • Lender
    • Seattle, WA
    896
    Votes |
    2,616
    Posts
    Dave Skow
    • Lender
    • Seattle, WA
    Replied
    Quote from @Dominic Pizzi:
    Quote from @Dave Skow:

    @Dominic Pizzi- syracuse NY 


     I have not heard much about upstate NY so it is interesting that you said that Dave! I assume that Syracuse University as well as the other surrounding colleges/universities have something to do with the popularity in investing there. 


    User Stats

    234
    Posts
    84
    Votes
    Dominic Pizzi
    • Lender
    • Freehold, NJ
    84
    Votes |
    234
    Posts
    Dominic Pizzi
    • Lender
    • Freehold, NJ
    Replied
    Quote from @Lara White:

    @Dominic Pizzi So are you in Tuscaloosa?  Or Huntsville? Or somewhere in between? lol  I grew up in Tuscaloosa, and both my hubby and I went to UA but I worked at Alabama Credit Union for a couple of years which has offices in both towns, although I'm not as familiar with Huntsville!  I remember it's real estate was a little more pricey because of the Space center.

    No I am actually located out of New Jersey, extremely far away from Alabama! The company I work with deals with borrowers looking to invest in real estate, and we have seen a higher influx of people coming from Alabama to invest! One place that is sure on my list to visit though is Tuscaloosa. Would love to see the atmosphere of the college town and what surrounds it.

    User Stats

    2,616
    Posts
    896
    Votes
    Dave Skow
    • Lender
    • Seattle, WA
    896
    Votes |
    2,616
    Posts
    Dave Skow
    • Lender
    • Seattle, WA
    Replied
    Quote from @Dave Skow:
    Quote from @Dominic Pizzi:
    Quote from @Dave Skow:

    @Dominic Pizzi- syracuse NY 


     I have not heard much about upstate NY so it is interesting that you said that Dave! I assume that Syracuse University as well as the other surrounding colleges/universities have something to do with the popularity in investing there. 


     Yes - also some large manufacturing development slated to be built in the area n the near future 


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    User Stats

    87
    Posts
    63
    Votes
    Stephen Schmitt
    Agent
    • Real Estate Agent
    • Liverpool, NY
    63
    Votes |
    87
    Posts
    Stephen Schmitt
    Agent
    • Real Estate Agent
    • Liverpool, NY
    Replied

    Syracuse NY is a few years away from adding 50,000 new jobs in the town of Clay (Liverpool/Cicero, about 15-20 minutes from Syracuse). Micron the chip manufacturer has just announced a $100 billion project which will change the face of Central NY. 

    It's already heating up and speculation is rampant. Anyone who wants more info give me a shout, I am a commercial and investment specialized agent in Clay. 

    For the big players, I am about to market 75 acres within 5 miles of the site. We need new homes and sites for the suppliers.

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    Stephen Schmitt
    5.0 stars
    1 Review

    User Stats

    1,641
    Posts
    920
    Votes
    Lucia Rushton
    • Realtor
    • Dallas - Fort Worth Metroplex, Tx
    920
    Votes |
    1,641
    Posts
    Lucia Rushton
    • Realtor
    • Dallas - Fort Worth Metroplex, Tx
    Replied

    @Carolyn Yates two very great states :)

    User Stats

    234
    Posts
    84
    Votes
    Dominic Pizzi
    • Lender
    • Freehold, NJ
    84
    Votes |
    234
    Posts
    Dominic Pizzi
    • Lender
    • Freehold, NJ
    Replied
    Quote from @Stephen Schmitt:

    Syracuse NY is a few years away from adding 50,000 new jobs in the town of Clay (Liverpool/Cicero, about 15-20 minutes from Syracuse). Micron the chip manufacturer has just announced a $100 billion project which will change the face of Central NY. 

    It's already heating up and speculation is rampant. Anyone who wants more info give me a shout, I am a commercial and investment specialized agent in Clay. 

    For the big players, I am about to market 75 acres within 5 miles of the site. We need new homes and sites for the suppliers.


     This is extremely valuable information Stephen, definitely provides some insight for me to potentially invest there in a few years time personally as well as borrowers with whom I work with!

    User Stats

    119
    Posts
    34
    Votes
    Marc S.
    • New to Real Estate
    • New York
    34
    Votes |
    119
    Posts
    Marc S.
    • New to Real Estate
    • New York
    Replied

    @Stephen Schmitt has Micron gotten approval from the city to build?

    User Stats

    55
    Posts
    26
    Votes
    Mitchell Roadruck
    • Lender
    • Northwest Indiana
    26
    Votes |
    55
    Posts
    Mitchell Roadruck
    • Lender
    • Northwest Indiana
    Replied

    I am bullish on Northwest Indiana. Everyone focuses on folks leaving New York and California but there is a large influx of people leaving IL and Chicago. Many of those individuals are heading to IN. We have much lower taxes and overall the cost of living is cheaper. Aside from residents, there are lots of companies coming across the state line as well seeking better tax and political situations. If anyone wants to discuss more, I'd love to connect.

    User Stats

    2,080
    Posts
    1,140
    Votes
    Alex Olson
    • Real Estate Broker
    • Kansas City Metro
    1,140
    Votes |
    2,080
    Posts
    Alex Olson
    • Real Estate Broker
    • Kansas City Metro
    Replied

    @Dominic Pizzi Yes Kansas City is a great market for real estate investors. Appreciation is here as well as cash flow. I can show some really good examples of what some outside and inside investors have been able to accomplish, even with the rising interest rates.

    User Stats

    49
    Posts
    31
    Votes
    Sam Bhattacharya
    • Rental Property Investor
    • Damascus, MD
    31
    Votes |
    49
    Posts
    Sam Bhattacharya
    • Rental Property Investor
    • Damascus, MD
    Replied
    Quote from @Alex Olson:

    @Dominic Pizzi Yes Kansas City is a great market for real estate investors. Appreciation is here as well as cash flow. I can show some really good examples of what some outside and inside investors have been able to accomplish, even with the rising interest rates.

    Can you buy a house for $75,000, rehab for $25,000, and get an ARV of $150,000?

    User Stats

    87
    Posts
    63
    Votes
    Stephen Schmitt
    Agent
    • Real Estate Agent
    • Liverpool, NY
    63
    Votes |
    87
    Posts
    Stephen Schmitt
    Agent
    • Real Estate Agent
    • Liverpool, NY
    Replied
    Quote from @Marc S.:

    @Stephen Schmitt has Micron gotten approval from the city to build?


     Yes. Schumer and Biden already came in to celebrate the deal. This has been in the works for years. Look up Micron Syracuse there has been a ton of articles already.

    business profile image
    Stephen Schmitt
    5.0 stars
    1 Review

    User Stats

    533
    Posts
    250
    Votes
    Ricardo Hidalgo
    • Real Estate Agent
    250
    Votes |
    533
    Posts
    Ricardo Hidalgo
    • Real Estate Agent
    Replied
    Quote from @Dominic Pizzi:

    Hey all, 

    Wanted to hear everyone's opinions in regard to the hot real estate markets to invest in for the rest of 2022 and maybe into the beginning of 2023. Where are a majority of your borrowers/buyers looking to invest or have invested? 

    I can start with an example of mine: Alabama is a big state that we are seeing an influx of borrowers/buyers looking to purchase and hold rental properties. These include fix and holds as well as rent ready properties in the big areas including Tuscaloosa and Huntsville to name a few. 

    Excited to hear where you guys are seeing growth for real estate investors! 


    The panhandle of Florida (Navarre Beach to Panama City Beach) Is the best kept secret! We have some of the most beautiful beaches in the United States with a strong community that has traditional values and tons of affluence. They take pride in their building and give character to the area. Over the last 2 yeas we have seen appreciation as high as 125% and some properties grossing over 500k a year in our STR area. Long term we have a lot of government grants coming to our area with commercial infrastructure and businesses and properties are surpassing 25 million dollar plus which is getting a lot of notoriety in news articles nationwide. A big plus of our market is the demand and lack of supply with high turn over from investor 1031 exchanging into bigger development

    User Stats

    579
    Posts
    273
    Votes
    Mackaylee Beach
    Agent
    Pro Member
    • Real Estate Agent
    • Kansas City, MO
    273
    Votes |
    579
    Posts
    Mackaylee Beach
    Agent
    Pro Member
    • Real Estate Agent
    • Kansas City, MO
    Replied

    Kansas City MO and Kansas City KS are popular places to invest.  Taxes are low. Rent demand is high. I can send over some examples if you'd like!

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    User Stats

    403
    Posts
    186
    Votes
    John Williams
    Property Manager
    • Property Manager
    • Clarksville, TN
    186
    Votes |
    403
    Posts
    John Williams
    Property Manager
    • Property Manager
    • Clarksville, TN
    Replied

    Clarksville, TN is a great, stable, recession-resistant market. I like to say that in Clarksville, cash flow meets appreciation. We've got great growth prospects and there are still opportunities for investors who have been priced-out of more expensive markets.

    Cheers!

    business profile image
    Rent My Home - Property Management
    4.6 stars
    55 Reviews

    User Stats

    3,019
    Posts
    2,318
    Votes
    Will Fraser
    • Real Estate Broker
    • Salt Lake City & Oklahoma City
    2,318
    Votes |
    3,019
    Posts
    Will Fraser
    • Real Estate Broker
    • Salt Lake City & Oklahoma City
    Replied
    Quote from @Dominic Pizzi:
    Quote from @Lara White:

    Hi @Dominic Pizzi!  I'm originally from Tuscaloosa, it's a great little city!   The closer you get to campus... the better I think. I don't have anything there anymore. My properties are in Florida and here in the Oklahoma City metro now.  Where in T-town did you buy?


     I actually have not bought any of my own investment properties as of yet, however recently I have seen a strong increase of borrowers from Alabama in our company! Many of them finding homes to invest in within the Huntsville and Tuscaloosa areas!

     Get out there and get a few, @Dominic Pizzi!!

    User Stats

    2,080
    Posts
    1,140
    Votes
    Alex Olson
    • Real Estate Broker
    • Kansas City Metro
    1,140
    Votes |
    2,080
    Posts
    Alex Olson
    • Real Estate Broker
    • Kansas City Metro
    Replied
    Quote from @Sam Bhattacharya:
    Quote from @Alex Olson:

    @Dominic Pizzi Yes Kansas City is a great market for real estate investors. Appreciation is here as well as cash flow. I can show some really good examples of what some outside and inside investors have been able to accomplish, even with the rising interest rates.

    Can you buy a house for $75,000, rehab for $25,000, and get an ARV of $150,000?

     Experienced investors in the KC market likely can. My bread and butter though is multifamily with price ranges of $1-$10mm.