Updated almost 5 years ago on . Most recent reply
How would you classify Albuquerque Metro MFH Properties
I'm new to RE investing and planning to start in the Albuquerque Metro area in January. I've been looking at small multi-family properties on MLS. It seems that everything I've seen on the market was built in 1980 and earlier and in fairly high crime areas. Would these be classified as "C" or "D-F"?
Noob question: On paper, these properties barely cash flow. Yet, they don't stay on the market long. So, what am I missing?