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Multi-Family and Apartment Investing

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27
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11
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Paul Juell
  • Real Estate Agent
  • Tucson, AZ
11
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27
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Low income small apartments...

Paul Juell
  • Real Estate Agent
  • Tucson, AZ
Posted Aug 15 2018, 15:56
I am looking to acquire a small (12-20 units) apartment building. Most of what I’m seeing with a good CAP rate and potential seller financing are in lower income areas. Does anyone have any advice? Am I looking at a huge tenant nightmare? Turnover etc? My intent is to do some rehab, increase cash flow (rents, utilities, etc) and resell in 12-18 months.

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