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Updated about 8 years ago on . Most recent reply

User Stats

132
Posts
25
Votes
Patrick Martone
  • Engineer
  • Monmouth Beach, NJ
25
Votes |
132
Posts

Any experience cashflowing duplex/triplex in these cities?

Patrick Martone
  • Engineer
  • Monmouth Beach, NJ
Posted

So where I live (NJ) property taxes are too high to cashflow multifamily properties. I want to relocate and purchase a multifamily property to rehab/live in and then rent out. 

If any of you have opinions, or suggestions on specific neighborhoods, or experience with these locations that would be helpful.

Orlando, fl

Dallas, tx

Denver, co

Atlanta, ga

Memphis, tn

Nashville, tn

Las Vegas, nv

Charlotte, nc

Raleigh, nc

Miami, FL (Little Haiti)

Columbus, OH

Boise, id

Philadelphia, PA. ...

Phoenix, az

Minneapolis, mn

Detroit, MI (I personally like the motor city)

Seattle and Portland are enticing, but the Rent to Purchase Ratio is too high.

Most Popular Reply

User Stats

183
Posts
100
Votes
Deborah Pyburn
  • Real Estate Agent
  • Smyrna, GA
100
Votes |
183
Posts
Deborah Pyburn
  • Real Estate Agent
  • Smyrna, GA
Replied

Hi @Patrick Martone, the Atlanta market definitely has some hidden gems for cash flowing multi families. A large amount are in town/downtown duplexes but the suburbs have some hidden gems. There's a whole street of Quads privately owned in Marietta. Our team had two under contract but only closed on 1. My cousin owns a duplex in Lilburn that again is a whole street of duplexes. Smyrna, Austell, Mableton (Cobb County) have small multi-family units as well. 

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