Quote from @Justin Brin:
Quote from @Ali Nichols:
@Justin Brin great lead in for discussion, thanks for putting that together. Generally speaking, we have the same approach - avoid areas that are heavy in renter friendly regulation (i.e. CA). Then TX is tough right now because of property taxes. And then, Florida is difficult with insurance right now until that stabilizes.
Then, when we look at Atlanta and Charlotte we see a good amount of supply because of the footprint of large institutiional buyers (i.e. invitation homes).
That leaves the midwest (OH, IN, MO), TN, and the one off markets like Tucson and Albuquerque. Personally, we have had success in small multi-family across OK, TN, MO, KY, IN, OH.
Did taxes went up in Texas?
Regarding
Atlanta and Charlotte institutional buyers are buying up the market?
From all these stats "
OK, TN, MO, KY, IN, OH" which one is your favorite?
@Justin Brin - well yes TX property taxes are always high but the run up of sales over the last few years have given taxing entities the opportunity to re-assess even more.
Regarding Charlotte and Atlanta we find there to be just a little too much supply because of how much investor activity they drew over the last few years.
Of the OK, TN, MO, KY, IN, OH our favorites would be OH and TN.
