Hello all,

I'm looking to make some personal investment purchases of multi-family properties OUT of California. Any good suggestions of areas to research? I'd like to stick to college towns and nearby-water towns.

Thanks!

Robyn

The Ohio State University has a solid rental market.

do you have a specific number of units in mind?

Thanks...I'll look into Ohio.

I'm looking at both 4 units and 5-50 units.

Robyn

Hey Robyn-

I'm an agent out here in Cleveland, Ohio....if you have any questions of I can help, let me know!

Dallas, San Antonio, Houston, Yuma and Biloxi are hot right now. Good cap rates and you can get a strong 'B' property, 30 units for about $120,000 down.

Here are the appreciation rates of the largest markets in Texas. http://recenter.tamu.edu/tgrande/vol13-2/1773.html

You'll find properties all over the place. If you take the time to look, you should be able to find good multi-units in most parts of the country. The mid-west is a great place to start.

Make sure you have a good manager to run the property for you. Multi-units are often difficult to maintain from out of state. Do your homework, though, as there are many unscrupulous managers just looking to rip you off.

posted reply by mistake. sorry.

Austin, Texas.

Reasons why:

1) College Town
2) Diversified Industry (High Tech, Service, Support, manufacturing, education)
3) Attractive downtown with areas of revitalization.
4) Big artistic community

There are a number of sub-ares of Austin that I like.

You can do tons of online research about Austin and discover lots of interesting sub-markets that are good.

R