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Updated over 7 years ago on . Most recent reply

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77
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Rito Altamirano
  • North Las Vegas, NV
27
Votes |
77
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100k and under multifamily where would you invest?!!

Rito Altamirano
  • North Las Vegas, NV
Posted
so here's the deal I have 25k looking to buy a multifamily 4plex preferred. for 100k and under. I live in Las Vegas and this isn't going to happen out here or anywhere suurrounding Vegas but I keep reading and meeting people that are investing out of state into Midwest and southern states sooooo. my goals are 1.to cashflow 150 to 200 per door after expenses. 2. be in a C- or better community with not so high turnover rates where in the u.s would you invest? what state and city? why? what do you predict will happen in that area in the next 5 and 10 years? and what and where was your most recent buy and hold purchase?

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3,970
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Matt K.
  • Walnut Creek, CA
2,920
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3,970
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Matt K.
  • Walnut Creek, CA
Replied

this sounds like a good way to lose 25k if not more. You're going to get terrible tenants and probably have trouble finding a GOOD property management company do this. If you were a local and experienced you could make this your niche, but you're not. Duplexes go for that amount and you want a 4plex lol and C or better.......... lol.

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