low income Multi family housing
Has anyone had good luck with MFH in a low income area. The units I'm looking are 100 K and need 30 k in rehab. I cant seem to find { the deal} in my budget.Thanks
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Evan Polaski
#5 Multi-Family and Apartment Investing Contributor
#5 Multi-Family and Apartment Investing Contributor
- Cincinnati, OH
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Evan Polaski#5 Multi-Family and Apartment Investing Contributor
#5 Multi-Family and Apartment Investing Contributor
- Cincinnati, OH
@Chris Alford, I guess everyone's definition of "low income area" is different, but I would say being in your units $130k does not qualify as low income areas for me. Or put another way, I would not spend $130k/unit for low income area.
So what are you looking for in general? You want any deal that costs $100k + $30k rehab per door? A duplex or a 400 unit property? Are you investing in Alabama or NYC? I just think there is too much missing information to add any type of value to your comment. You will likely get better help if you provide more details.