Multi Family Investing
Hello Guys,
Looking to purchase my first multi family I currently own 5 single family and I"m seeking better returns. My budget for a multi family is 1M-1.5 M I'm looking to purchase in Dallas or Florida.
I keep hearing from podcast Loop net is where deals go to die and after combing through them Im starting to believe that does anyone dabble in Multi Family in Texas or Florida that can suggest a broker to help out with this ? The reason in these states is because of market growth but I know mid-west has higher caps and lower arv's.
Whats your typical down on a multi One Million Prop ? Which I have ready just wondering what you folks find.
DO you ask for the last three years rent rolls or would twelve months suffice?
Thanks in Advance for you answers just a Man here in Los Angeles area trying to take over the world a unit at a time :)
Reccomend brokers that would be great.