Waco Multifamily Investing Advice
I am interested in getting feedback from investors with experience in Waco. We are looking to pick up a multifamily property or two. Probably 5-10 units inside the Baylor bubble in the $600k-$1m range. Our goal is to buy and hold long term, but we need decent cash flow as well. If anyone knows the area then I am curious what your experience has been like, what to look for, and more importantly what to avoid. Are all the newer giant apartment complexes driving rents down and vacancies up? How do you ensure you are getting your units rented, and what property managers do you like? Thank you!