My friends just put an offer yesterday for $1.045m on a high growth area .Also, be prepared to be negative cash flow

Hey BP Fam,Its Marc here, the Nubie from NJ.So part of my of my investing strategy is to buy and hold multifamily in areas that have a blue collar worker force, specifically in zip codes with major Logistics and Warehouse hubs, as I believe eCommerce and online shopping is fueling their growth, and these fulfillment centers are fast replacing our retail stores - and they need man power to run them.......that being said.... 

I chose it because it has shown steady appreciation and job growth, gentrification projects, and decent cashflow.

Apartment Industry Statement on Trump Administration Executive Order to Rescind or Temporarily Waive RegulationsThe National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) applaud the Trump administration’s signing of an Executive Order directing agencies to use emergency authorities to identify regulations that can be rescinded or temporarily waived to encourage economic growth and recovery from the effects of COVID-19.

Firstly is economic growth.

The city has seen a boom in population and job growth.

In addition to real estate, I utilize my 401(k) at work to get the employer match,  I have Roth IRA accounts to have tax free growth, and a high yield savings for short term money. 

@Bob SmithMainly look for markets with lots of population growth and job opportunities in states that are landlord friendly.

To give people an idea of how much growth can happen over time, the 1st property I bought in 1994 was $360,000.

That will accelerate your growth with a low point of entry.Focus on increasing your income and saving up for a decent downpayment.