Investing in multifamily properties in areas with bad winters
Hi Everyone!
I am originally from Erie, PA. For those of you who are not familiar with the area, the winters are pretty harsh. Extremely cold weather and LOTS of snow. I am considering what to do for my first investment property. The only criteria I am 100% certain on is that I want my first investment to be a multi-family property. Since I am a beginner, investing in a multi-family property in Erie seems like my best option because the prices are more reasonable and I know the area extremely well! For those of you who have invested in areas with harsh weather, what are some tips you have? Also, what are the challenges that you have faced?