Re: Multifamily home investing

[Sam Kim]

Hi, I am new to real Estate investing and I am trying to figure out where to starting look for some great deals on Multifamily homes (duplex/quadru-plex). I started by looking at some websites such as loopnet, Zillow, and Truilia but did not see any exceptionally good ones. I am looking to invest around $100,000 to start and do a minor flip (cosmetic fix) and rent it out. Also, I live in Washington D.C. area and it is impossible to find mulitifamily homes at such price and I am looking at out-of-state homes. I would appreciate it if anyone can share their experience or recommend where to start looking for great deals and what state.

[David Alvarado]

Welcome Sam! It is important to really identify your criteria and go from there to determine what type of risk tolerance you have and what areas will work for you. The deals are out there but there may be some molding that needs to be done to really find something that works for you. Luckily in DC we are close to many suburbs and a population that is stabilized by the federal government and a reatively diverse economy. As a result returns may be a bit lower versus outside markets but you are also provided with lower risk versus other tertiary markets that are more affected by potential macro economic influences.