Best cities to invest in stabilized duplex? Looking into different cities and trying to break into multifamily investing but can’t seem to narrow in on any one city.
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[{"id": "i1lelgw", "text": "Buy where you live", "replies": [{"id": "i1leqvv", "text": "I\u2019m in Denver and feel there is hyper supply here. Tough to compete with buildings offering concessions.", "replies": [{"id": "i1lkkjl", "text": "A lot of supply but occupancy sitting at 97% with massive labor shortages holding up building. We are projecting more area in Denver will see double digit rent growth over the next 2, maybe 3 years.", "replies": [], "depth": 3}, {"id": "i1lntu4", "text": "Hyper-supply in Denver??!! That is a top-10, maybe top-5 supply constrained market in the country\u2026.record-setting absorption, low vacancy, 10% yoy rent growth and the median home price rose to over $730k a couple months ago.\n\nNo way we\u2019re talking about the same place.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "i1lieo9", "text": "Duplex would not fall under commercial RE..", "replies": [{"id": "i1lijrt", "text": "They cash flow\u2026", "replies": [{"id": "i1ljwzm", "text": "So does a single family home if you rent it out.\n\n5+ units is commercial (I.e. when lenders will no longer give you residential levels of leverage).", "replies": [], "depth": 3}, {"id": "i1m91da", "text": "Stick to investwithace videos.", "replies": [], "depth": 3}, {"id": "i1myspa", "text": "So do Pizza Parlors and prostitution rings", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "i1loimz", "text": "I live in Denver doing CRE. Our company has a management arm that would not touch duplexes. They\u2019re a waste of time. But you can find deals that pencil out. The supply is low, not high like you mentioned earlier.", "replies": [], "depth": 1}, {"id": "i1lqhz7", "text": "IMO if you get a duplex out of market as your first investment your asking for some future headache. \n\nDenver is a large MSA. If the numbers work the numbers work. Don\u2019t talk yourself out of something that makes sense because of a perceived high supply. Denver is a top tier market and will be that way for many years to come. You could also expand the search to a reasonable day time driving distance for some lower priced inventory.", "replies": [{"id": "i1lqukt", "text": "Very true. I\u2019m not set on a duplex. Just have minimal equity so seems like I need to stay under 5 units. I probably should have said small multifamily instead of duplex", "replies": [{"id": "i1lsx6n", "text": "Go outside Denver but within driving distance so you can go there if needed. Try Durango, Loveland, Ft Collins, basically anything outside Denver is good I think. I'd recommend self managing, especially if you buy something that is turnkey. You'll learn how to landlord and won't have a property manager sucking out all of your cashflow. If you're deadset against self managing then look at syndications for passive investment opportunities instead.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "i1m041a", "text": "Springfield IL", "replies": [], "depth": 1}, {"id": "i1mh1u4", "text": "I\u2019ll sell you some of my portfolio in Quincy, Il and lease it back.  Mgt in place, no differed maintenance.  Option to buy it back later.  Safe, secure, frees up cash for me to buy more.  You essentially get nnn assets.   Message me. I\u2019m serious.", "replies": [], "depth": 1}]