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!