New Member Introductions
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 9 years ago,
Newbie interested in best markets for multifamily properties
Hello. I’m excited to meet others on this site. Financial freedom is my goal, and my primary interest is buying a multifamily or possibly house hacking.
I've leased, managed, and sold one single-family home in Baltimore County, Maryland. When I sold in 2014, I did not do a 1031, because I'd inherited the property right before the 2007 crash, so the capital gains were small.
Can you recommend good markets for multifamily properties? I grew up near Baltimore, Maryland, lived in San Francisco for 14 years and New York City for 12 years. I'm sure there are bargains in these cities, but I’m primarily considering other markets, like Detroit or Austin, TX.
I'm also interested in learning about unconventional financing. I'm self-employed and just spent 9 months traveling n South Asia, which makes it harder to get loans, even though my credit score fluctuates between 787 and 812. If I paid cash, this might limit me to less than $300,000, and I’d rather avoid buying real estate through a Roth.
Any advice on hot real estate markets or alternative financing is much appreciated. Thanks in advance!