Looking to invest in buy and hold rental property. Currently involved in a syndication deal but ready to do my own. Ideally duplex - fourplex but It seems much of those properties are older buildings and the i haven't found many with good returns.. just curious for those invested in this area what your experience has been and where you've seen the best return in the area? And where your best returns have been with regard to type of asset as well. (Multi family, townhomes, SFR, condos etc) I know that's an ongoing discussion and I've read for days on each, just want a better feel for the local area.
There are a few multi-fams I found that have decent returns. It all depends on a few key things.
1. What do you consider good returns?
2. You can get a great price on a property to get higher returns but are you willing to rehab the property?
There are a few condos that can give good returns but you have to buy at an unbelievable price. Most of the time their HOA fees and special assessments will kill your profits
SFR you can get decent returns
Multifamily you get the best returns (From what I've seen)
Each asset class also appreciates differently so you'll gain value in that.
@Ashraf Spahi What areas are you seeing multi-family's with decent returns?