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Updated over 7 years ago on . Most recent reply
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Is Multi-family properties w/ 6 to 25 units to broad of a niche?
Hello all!
Im wondering if choosing multi-family properties with 6 to 25 units as my niche is too broad? I have chosen specific neighbourhoods in my city where im interested to invest in.
Is this ok or should i try and be more specific?
Most Popular Reply
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I think that's actually a good starting niche, mostly because it is focused on just one type of property- small apartment complex. That keeps you focused on the commercial sector (for financing, learning numbers, etc.) and there's not a gigantic difference in 6-25 units (versus like 6-100 units).
The key thing, with any investment property, is the numbers. So be up on those and know what constitutes a good deal, and I think you're good!