Looking to Invest 250k

[Jr Trotta]

Hello BP!

I have 250k liquid that I am looking to put to work. Any suggestions on what markets to look at for great multi family returns? 

[Phillip Vera]

@Jr Trotta you can't go wrong in the Southeast!  @Brian Briscoe mentioned some good markets.  I know Charleston is fast-growing.  Pricing is a touch higher, but North Charleston seems to be the hotspot for investors.  There's also some small multi-family opening up in the market.

I'm a big fan of Augusta, GA.  It too is under 1M population and gets overlooked.  Has had some larger multi-family inventory open up, but there is a 28-unit that just went under contract. I'm obviously biased, being in the market, but there's a lot of good stuff happening here.  Happy to discuss.

For true smaller multi-family (duplexes, triplexes, quads, up to 12ish units), I like the Chattanooga market.  There are a ton of these types of smaller multi-family in the market.  I actually know of a turnkey 5-plex off-market (1%+ deal) for sale right now as well as a triplex.  Not sure if that's too small or you're looking for larger.  You get some higher rents in this area and is another market that gets overlooked as folks always think of Nashville and Memphis first.

What strategy are you looking to do in deploying your $250k capital?  Also, what size multi-family?