Multi-Family and Apartment Investing

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Bob Bates
  • Electrical Contractor
  • OR
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Getting started in multifamily investing

Bob Bates
  • Electrical Contractor
  • OR
Posted Jul 30 2022, 14:08

I'm located in Salem, Oregon and am finding it difficult to locate multifamily properties particularly ones that cashflow. The MLS has only a few overpriced properties that roost for months. I've considered direct mail but my family property has been inundated with letters and cold calls which leaves me at a loss as to how to appear different than everone else.

Another question, should I be looking in other parts of the country with better value to rent ratios?  In this area the average multifamily is running $135k-$175k per door for rents of $1200/mo for a two bedroom.

Salem, Oregon

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