Hot/Growing Real Estate Markets for Investment Real Estate

[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! 

[Sam McCormack]

@Dominic Pizzi

Hey Dominic, I would still say OH still has some strong markets. Cincinnati, Cleveland, Columbus, etc. even Northern KY is good (like Cincinnati). Let me know if you are interested in the Cincinnati/NKY market. I got connections with people for whatever project you would like to do!

[Diana Ortega]

Hi Dominic!
Raleigh is really hot right now. We have big tech like Apple, Amazon, Meta, and Google heading over here soon so it's only going to grow from here. CNBC also just ranked NC as the most economical state in the US. Lots of potential here. 

[Steven Foster Wilson]

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! 

 Hey Dominic, I would agree that the primary cities in Ohio are still going strong (Cleveland, Columbus or Cincinnati(. The price to rent ratio makes for great investments. Not to mention our appreciation has been 8% higher than the US national average, because of the high demand for affordable housing.

Also, if you are looking to primarily cashflow, look into Cleveland, its got good cashflow potential with appreciation happening as well. An average multifamily is around $140k