Looking to grow portfolio with first multi-family

[Robert Burns]

I'm super curious in adding a multi-family home to my portfolio. I am thinking Austin TX might be a good place to start due to the state's tax incentives and the recent decline in prices. Thoughts? Any other preferred cities?

[Min Zhang]

 Hey Robert! Welcome to BiggerPockets! I can’t speak much about other markets, but as someone who started off in Columbus, and grew up in Cleveland. I would say, the Ohio market in general is a very friendly state to grow your portfolio. I have seen so much growth in Columbus when it comes to appreciation and job opportunities which I have experienced. On average, 80 people move into Columbus weekly. On the other hand, if you have a lower budget, let’s say $100-$150k. Cleveland would be a great market for you. I have experienced cash flow anywhere from 10-18% with so much more to offer. As a real estate agent and an investor, I am on the market daily and explore opportunities for myself and my clients.