Purchase price: $345,000 Cash invested: $69,000 This is a six unit apartment building in downtown Lewiston.

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $539,000

Cash invested: $60,000

Sale price: $539,500

This was an owner-financed deal. This triplex will ...

Purchase price: $430,000 Cash invested: $84,000 Sale price: $600,000 Contributors: John Whitney, Victoria Loder Thoughtfully remodeled home in desirable location just minutes from HWY 509 and Downtown!

During prime summer months when we can get premium rents we will give them less leeway.It is all about getting the most dollars you can, I used to work in class A buildings downtown and the owners loved late payments as an additional source of income since they knew they would get paid in the end, meanwhile in low income properties evictions happened much quicker as the chances of collection was less.

I was at a meetup yesterday and there was a handful of people who had purchased condos in downtown Chicago that had not appreciated at all over more than a decade. 

The central business districts are the ones with large office buildings in downtown with little or no residential around it to support it.....These are the asset classes that are hurting right now.

The area is very close to downtown, the hospital, and also all the tech hubs.

IMO if you can still find houses within 10 mins of downtown cheaper than the price to build, you will be in a really good spot if you have the discipline to hold onto it. 

VA loan is a great product that you have earned.Seeing you mentioned San Diego by name ...A duplex for $800K in San Diego will be a bit out from downtown in working class areas. 

The upside of this property is the location which is in a historically significant area with an established downtown area, private college, summer horse racing and a hospital a few blocks away so there are always people from all sorts of professions looking to live there making it a very stable rental market.