Midwest Multi-family

[Eric P.]

I'm looking to find buy and hold opportunities in multi-family (4+ units). I'm looking at St Louis, Indianapolis, and Kansas City for cash flow - it looks like all 3 cities have great options for SFH, but it's a bit tougher for someone who doesn't know the cities that well to tell if they have a lot of good opportunities in multi-family.

Can anyone say from experience if any of these cities has a superior inventory of multi-family properties available?

[Brent Kiger]

I too am looking at MFH right now, and have had good luck with duplexes. Cash flow at least for me seems to be a little harder to come by on the 4-plexes, or at least not has high as with duplexes. Mostly because a lot of the 4-plexes here where I cam in KC the landlord pays some or all of the utilities which tear into cash flow. Seems like there are a lot of duplexes though right now for sale that cash flow pretty well. That's my opinion at least. I'll be curious to other investors thoughts. I only invest in Kansas City simply because that's where I live and what I know.