Updated over 5 years ago on . Most recent reply
Multifamily deal considering current Tenant Protections
Hi all, currently looking at a duplex in the Arcadia lite spill over area. It will cash flow ~$150/month as is but I think the area will be turning in the next 3-5 years. Not a ton of cash flow for the 25% down I'll need but thinking of future potential.
Are other investors straying away from multifamily right now with so many tenant protections - unsure if they will be able to collect rent? Also, it is on a lot with 5 other duplex units - if I plan on BRRR is there added risk that the other units not being rehabbed will prevent the property from appraising as highly?
Any insight is greatly appreciated as I look to dip my toes into multifamily!