New investor interested in multifamily properties

[Shane Cordrey]

Im a new investor trying to get into multifamily property investing and long term rentals.

[Mitch Messer]

Quote from @Shane Cordrey:

Quote from @Mitch Messer:

Quote from @Shane Cordrey:

Im a new investor trying to get into multifamily property investing and long term rentals.

Welcome, Shane!

What specific markets are you considering?

 Thanks Mitch.  I am looking into markets that have a military base near by.  Any active duty base is preferable.    

We used to have a similar philosophy ... and then we went to live in Clovis, New Mexico for a few years! 😂

Plenty of lovely folks there, plus it's where Cannon Air Force Base is located, but we soon discovered that just having a base nearby didn't necessarily make for a lively real estate market.

Shortly after that, we adopted our MUCHAS criteria:

M - Near a military base

U - Has at least one college or university

C - Has a Costco or equivalent

H - Has a hospital ranked at least as a Level II Trauma Center

A - Has a commercial airport

S - Has a Sprouts (organic grocery) or equivalent

This has led us to look at often-overlooked markets like Lubbock, Texas and Augusta, Georgia.

May be worth a look for you as well!