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:

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

Welcome, Shane!

What specific markets are you considering?

[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.    

[Ryan Cheek]

Hi there,

Welcome to the world of real estate investing! Multifamily properties and long-term rentals are fantastic strategies for building steady cash flow and long-term wealth. As a new investor, focusing on these can give you a solid foundation to grow your portfolio.

I’m primarily focused on the Indianapolis market, where we specialize in new build duplexes that offer strong returns and stable rental income. If you’re considering different markets or want to explore multifamily opportunities, I’d be happy to share insights and help you navigate the process.

Feel free to reach out if you’d like to connect and discuss strategies, markets, or anything else related to multifamily investing. Looking forward to seeing your success!

[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!

[Shane Cordrey]

Quote from @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!

You're awesome.   That is what I needed.  I was throwing darts at where to start.  All of your suggestions are exactly what I am looking for.   I will start with that.   Thank you..Thank you.. Thank you.....

[Shane Cordrey]

Quote from @Ryan Cheek:

Hi there,

Welcome to the world of real estate investing! Multifamily properties and long-term rentals are fantastic strategies for building steady cash flow and long-term wealth. As a new investor, focusing on these can give you a solid foundation to grow your portfolio.

I’m primarily focused on the Indianapolis market, where we specialize in new build duplexes that offer strong returns and stable rental income. If you’re considering different markets or want to explore multifamily opportunities, I’d be happy to share insights and help you navigate the process.

Feel free to reach out if you’d like to connect and discuss strategies, markets, or anything else related to multifamily investing. Looking forward to seeing your success!

Thanks Ryan.  Yes.  I would like to connect with you.   I lived in Terra Haute for a few years so know a little about the area.

[Evan Hopple]

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.    

 Dayton, OH is a solid rental market supported by the Wright-Patterson base

[Min Zhang]

Welcome to BP Shane!

[Shane Cordrey]

Quote from @Evan Hopple:

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.    

 Dayton, OH is a solid rental market supported by the Wright-Patterson base

Thanks Evan.  I will look into that area.  

[Shane Cordrey]

Quote from @Min Zhang:

Welcome to BP Shane!

Thank you 

[Samuel Diouf]

Welcome to BP Shane!

I love MFH investing because of the higher cash flows. 

I'm an investor based out of Columbus and would be happy to connect. 

[Shane Cordrey]

Quote from @Samuel Diouf:

Welcome to BP Shane!

I love MFH investing because of the higher cash flows. 

I'm an investor based out of Columbus and would be happy to connect. 

 Thanks Samuel.  Yes, Columbus or Dayton area would be good locations for me to look at.

[Samuel Diouf]

Quote from @Shane Cordrey:

Quote from @Samuel Diouf:

Welcome to BP Shane!

I love MFH investing because of the higher cash flows. 

I'm an investor based out of Columbus and would be happy to connect. 

 Thanks Samuel.  Yes, Columbus or Dayton area would be good locations for me to look at.

 Shoot me a PM! 

[Remington Lyman]

Quote from @Shane Cordrey:

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

 Welcome to BP!

[Shane Cordrey]

Quote from @Remington Lyman:

Quote from @Shane Cordrey:

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

 Welcome to BP!

 Thank you.

[Jimmy Lieu]

Quote from @Shane Cordrey:

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

Welcome to the BiggerPockets community, Shane! Happy to connect and answer any questions you may have.

[Shane Cordrey]

Thanks Jimmy.

[Max Wilhite]

Hey @Shane Cordrey

Welcome to the BP family. You’ve come to the right place to connect with some vary smart investors. lean on these forums whenever you have questions. good luck with your investments.

[Mike Robb]

@Shane Cordrey - Are you looking to primarily invest directly as an owner operator or have you also considered investing as a Passive Limited Partner in Multifamily ?