$60k Budget (all-in) -- Is Allentown worth it?
I'm a real estate agent in NYC, and looking to invest in MF -- ideally a BRRRR strategy, but straight buy and hold is fine, too. I've been looking at various areas in the country, including Allentown. Total budget (purchase, closing, any rehab, etc) is about $60k. Would probably use some level of financing, but the $60k is from a HELOC, so the cash flow has to be good enough to cover the debt on the asset, plus the cost of money on the HELOC. Would love to hear everyone's thoughts! Go!