Where should your next investment be....?

Hello friend investor!

Are you ready for your next real estate investment?
Would like to hear what I am researching?

Coliving is the new trend for high-end investors!

The San Francisco Bay Area is leading this trend once again and there are tens of coliving spaces all the way from Northern to Southern CA. All this being driven by the need of young professionals to share living spaces because of high rents and the need to connect with others when in a new location.

These last weeks I have been researching suitable locations for starting a coliving project:

1. The San Francisco Bay Area:

Minimum purchase price for 5 bedrooms:                              $ 1,500,000
Estimated gross rental income for furnished unit (annual :    $   120,000
- Advantages: high demand, easy to rent out.
- Disadvantages: high taxes, low returns.

Target renters population: Hi tech young professionals.

2. Austin, TX:
Average purchase price for 5 bedrooms:                                  $ 1,000,000
Estimated gross rental income for furnished unit (annual):     $      60,000

Advantages: hip town, high young incoming migration*
Disadvantages: high property taxes (3%!).

Target renters population: Millennials

3. Phoenix, AZ:
Average purchase price for 5 bedrooms:                                  $  500,000
Estimated gross rental income for furnished unit (annual):     $    48,000         

Advantages:
Fastest growing city in the US!**
Low taxes
Disadavantages: It's hot in the summer (but people still relocate).

Target renters population:
Young professionals, families, 50+ and retirees!

 Which one would YOU prefer? Why? 

Would you be interested in investing in a coliving project with myself managing all of it?

Please feel free to add you comment here or just send me your input to:

naomiesal@gmail.com

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* https://www.bizjournals.com/austin/news/2019/02/22/census-austin-area-has-gained-152-people-per-day.html
** https://www.bizjournals.com/phoenix/news/2019/09/04/heres-how-many-people-are-moving-to-phoenix-on-a.html