Any1 know what markets are best to buy multi family houses in PA?
- Any1 know what markets are best to buy multi-family houses in PA? I am attempting to identify buyer's market area... in PA specifically...
- I am seeking B- and C+ area type of markets for 50 to 100 multi-family units
- Range 1.5 mils to 2.5 mil
- Seeking area specifically where there is job growth and appreciation and value-add opportunity
- Cap rate must be within 10 percent minimum
- Deals that exist must follow on av Rule of thumb 50% or less expense ratio and not overinflated.
- Does any1 know specifically which cities... meet such criteria... i am not asking specifically for a building... that meets that criteria... i am simply trying to identify where it's best to invest into.
- I am doing research in multi-family real estate.. and simply trying to find great areas... to invest in... I am not saying I am ready to invest in anything now... but rather doing a bit of homework ahead of time just to see what my options are.
Any advice would be greatly appreciated.