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Updated about 2 years ago, 11/07/2022
Hot/Growing Real Estate Markets for Investment Real Estate
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!
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?
- Lara White
- [email protected]
- 205-393-0723
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.
@Dominic Pizzi- syracuse NY
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.
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!
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.
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.
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!
@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.
- Lara White
- [email protected]
- 205-393-0723
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.
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.
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
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.
- Stephen Schmitt
- [email protected]
- 3154577170
@Carolyn Yates two very great states :)
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!
@Stephen Schmitt has Micron gotten approval from the city to build?
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.
@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.
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.
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.
- Stephen Schmitt
- [email protected]
- 3154577170
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
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!
- Mackaylee Beach
- [email protected]
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!
- John Williams
- [email protected]
- 931-272-3065
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!!
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.
Experienced investors in the KC market likely can. My bread and butter though is multifamily with price ranges of $1-$10mm.