Updated over 5 years ago on . Most recent reply
Besides financials, what else should i look into for multi-family
i am evaluating a multi-family investment opportunity in Houston. The financials make sense. What other key factors should I look into?
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Steve Vaughan
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- East Wenatchee, WA
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Steve Vaughan#1 Personal Finance Contributor
#1 Personal Finance Contributor
- Rental Property Investor
- East Wenatchee, WA
You are buying the tenants.
I was interested in an 18 unit. I parked in the center a while and just looked around. After the 3rd smoker came out to walk their pit bull, I said hard pass. No normal numbers like a cap of 7 make me want to buy a tough tenant class, but that's just me. My last rough ones I bought at a 14 cap and re-stabilzed.
What class of tenant are you buying?