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Multi-Family and Apartment Investing

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81
Posts
17
Votes
Joe Gilroy
  • Rental Property Investor
  • Castro Valley, CA
17
Votes |
81
Posts

Looking to buy a newer fourplex like this one

Joe Gilroy
  • Rental Property Investor
  • Castro Valley, CA
Posted Jul 22 2022, 15:59

How can I find areas that have fourplexes built 1980 or later ?    I prefer Texas or Florida but can be flexible on location.  TIA !

User Stats

89
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26
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Tom Nguyen
  • Rental Property Investor
  • Austin Tx
26
Votes |
89
Posts
Tom Nguyen
  • Rental Property Investor
  • Austin Tx
Replied Jul 22 2022, 16:11

You can find a lot of them in Killeen TX  

User Stats

38
Posts
25
Votes
Brian Blosser
  • Real Estate Agent
  • Burbank, CA
25
Votes |
38
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Brian Blosser
  • Real Estate Agent
  • Burbank, CA
Replied Jul 22 2022, 16:42

@Joe Gilroy I think it would be good to narrow down the location a bit first to maybe a city or two, it will help get a more focused search so you can start to see trends in specific markets. Once you've done that you can either search for properties on your own (zillow, realtor.com, etc) or find an agent in the area to help set up an automated MLS search, and you can filter the properties down to quadplexes build 1980 or later. An agent should also be able to also set it up for you to get emailed anytime something matching your criteria hits the market so you see it immediately.

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22
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10
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Cameron Robinson
  • Whistler, British Columbia
10
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22
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Cameron Robinson
  • Whistler, British Columbia
Replied Jul 22 2022, 16:56
Quote from @Joe Gilroy:

How can I find areas that have fourplexes built 1980 or later ?    I prefer Texas or Florida but can be flexible on location.  TIA !


 Out of curiosity why are you looking at builds after 1980?

User Stats

81
Posts
17
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Joe Gilroy
  • Rental Property Investor
  • Castro Valley, CA
17
Votes |
81
Posts
Joe Gilroy
  • Rental Property Investor
  • Castro Valley, CA
Replied Jul 22 2022, 17:02

Thanks Tom !   I will check that area out !

User Stats

81
Posts
17
Votes
Joe Gilroy
  • Rental Property Investor
  • Castro Valley, CA
17
Votes |
81
Posts
Joe Gilroy
  • Rental Property Investor
  • Castro Valley, CA
Replied Jul 22 2022, 17:06

Thank you Brian for responding !    I will check it out !

User Stats

81
Posts
17
Votes
Joe Gilroy
  • Rental Property Investor
  • Castro Valley, CA
17
Votes |
81
Posts
Joe Gilroy
  • Rental Property Investor
  • Castro Valley, CA
Replied Jul 22 2022, 17:09

Thank you Cameron for responding !    I prefer newer buildings because the maintenance should be easier and they look nicer too !

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4,675
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3,340
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Jordan Moorhead
  • Real Estate Agent
  • Austin, TX
3,340
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4,675
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Jordan Moorhead
  • Real Estate Agent
  • Austin, TX
Replied Jul 22 2022, 19:02

Killeen

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3,396
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1,817
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Wale Lawal#4 House Hacking Contributor
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
1,817
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3,396
Posts
Wale Lawal#4 House Hacking Contributor
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
Replied Jul 23 2022, 07:06

@Joe Gilroy

Get in touch with a local investor-agent.

An investor-agent has better access to market and off-market deals.

Good luck!

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1,317
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2,038
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Alicia Marks
Pro Member
  • Fort Worth, TX
2,038
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1,317
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Alicia Marks
Pro Member
  • Fort Worth, TX
Replied Jul 25 2022, 07:39
Quote from @Cameron Robinson:
Quote from @Joe Gilroy:

How can I find areas that have fourplexes built 1980 or later ?    I prefer Texas or Florida but can be flexible on location.  TIA !


 Out of curiosity why are you looking at builds after 1980?


 Likely due to lead paint not being an issue as well as asbestos.

User Stats

208
Posts
96
Votes
Brian Orr
Pro Member
  • Rental Property Investor
  • Tampa, FL
96
Votes |
208
Posts
Brian Orr
Pro Member
  • Rental Property Investor
  • Tampa, FL
Replied Jul 25 2022, 18:37

I've seen a few listed in the St Pete area around or under 600k. I'm about to go look at some myself. Feel free to DM me, I can share some insight

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304
Posts
347
Votes
Scott Allen
  • Real Estate Agent
  • Columbus, OH
347
Votes |
304
Posts
Scott Allen
  • Real Estate Agent
  • Columbus, OH
Replied Jul 29 2022, 13:12

@Joe Gilroy

Have you looked at Columbus, OH at all yet? Is there a reason you prefer it to be built after 1980?

Reafco - Columbus, OH  Logo

User Stats

81
Posts
17
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Joe Gilroy
  • Rental Property Investor
  • Castro Valley, CA
17
Votes |
81
Posts
Joe Gilroy
  • Rental Property Investor
  • Castro Valley, CA
Replied Jul 29 2022, 16:38

@Scott Allen    Yes   - it should be easier to maintain a newer building and they look nicer too !   

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