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Updated almost 16 years ago on . Most recent reply

Looking For Multi's
I'm looking for multi units that I can either master lease them or if the owner is willing to do owner financing. I'm looking for properties from 40 units on up and must have at least be 85% occupied and must be either A or B class.
Location doesn't matter with the exception of Detroit.
Most Popular Reply

Upsides can be improvement to occupancy levels, increases in incomes, decreases in expenses, dived and conquer, forced appreciation plays in capital expenditures, etc, etc.
Buying a building that is already performing to just about it's highest levels will result in no upside, a very high ask price, and limited financing options.
Again, these are just my opinions on the subject, and the areas you may be interested in may have some other strategies that are viable. :lol: