Multi family apartment building of 50-100 units

[Jeff Fortuna]

I am planning to buy a multifamily building/complex of around 100 units so far I have 47 Single family homes in west Michigan and have a good experience of managing them. I have been selling a few a year and putting the proceeds into growth mutual funds. Any advice on BEST CITIES for buying multifamily building for buy and hold purpose? Should I continue saving in the mutual funds?

I have been thinking north Carolina - Charlotte area. But am looking for advice on where to buy them and how to finance the purchase.  I have the 25 percent down payment and 25 yrs experience managing tenants. I have been waiting for a downturn to get better prices but am looking for advice.   Thanks. !

[Laura Shinkle]

Hi @Jeff Fortuna, congrats on building your portfolio thus far! That is no small feat. As far as markets, Charlotte is pretty hot, growing exponentially with 97 people moving here every day. Our economy is very diverse, not relying on one industry and lots of large companies opening offices here. That being said, the market for 50-100 unit apartment complexes is very tight with not much inventory. If you're interested, I can put you in touch with an agent who does those type of deals since my specialty is more SFH and 1-4 unit buildings. Let me know what you think or if you're interested. Just my two cents!