Looking to purchase a multi-family investment
Hello! I am looking to buy a multifamily home in the next year or so and wanted to hear some thoughts on a few things.
How well do small value add projects benefit the investment outcome in your experiences?
What cities do you see have a fair entry point that cash flows not in a crime filled area?
Does anyone have experience getting into partnerships on multifamily investment. Not opposed to bringing a partner in on a deal. I have a couple years of experience in managing 40ish short term rentals remotely & on-site, so I believe I could use a management incentive to lower my buy in.
Thank you!
Most Popular Reply
Hi Braeden,
What kind of purchase price are you looking at? I've noticed in some cities crime rates vary significantly by pockets/neighborhood, so it's best to do proper research on top of talking other people. Some cities have government websites and you can use softwares like Vestmap to check neighborhood analysis.