Top 16 Markets for Investing in Apartments
By Christopher Levarek
“Everyone can invest in average opportunities; wealth is built by investing in the greatest opportunity the economy presents.”
- Giovanni Fernandez
Market knowledge and market awareness create opportunity. Looking at the trends, data and understanding the criteria to be aware of, make selecting a market a logical educated selection instead of guesswork.
Criteria of importance to consider in selecting markets for multi-family property investments include cap rates, employment growth, rent growth, population growth, average price per unit(door) and landlord/business friendly regulations.
According to Brad Sumrok, the “ApartmentKing”, recognized as one of the top apartment investor/syndicator and educator in the real estate apartment space, the following markets, based on criteria above, are the top 16 markets to target for 2019 with regards to apartment/multifamily property investing, (in no particular order):
Raleigh, North Carolina
2. Phoenix, Arizona
3. Dallas-Fort Worth, Texas
4. Tampa, Florida
5. Las Vegas, Nevada
6. Columbus, Ohio
7. Houston, Texas
8. Minneapolis, Minnesota
9. Denver, Colorado
10. Atlanta, Georgia
11. Columbia, South Carolina
12. Charlotte, North Carolina
13. San Antonio, Texas
14. Indianapolis, Indiana
15. Jacksonville, Florida
16. Orlando, Florida
Follow up next week as we dive deeper into understanding the criteria used with regards to the picking of the above markets. Invest Smart!