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Updated over 6 years ago on . Most recent reply

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1,434
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Jason Malabute
  • Accountant
  • Los Angeles, CA
677
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1,434
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not much multifamily properties

Jason Malabute
  • Accountant
  • Los Angeles, CA
Posted

I'm only interested in 2-4 unit properties.

I've been researching markets. I found some good markets (growing. population, economic anchor, good school district, etc). The problem is there isn't much multifamily properties in these areas (probably because they are kind of outside the city). For 1 of the markets there hasn't been much activity for multifamily properties in the area. There hasn't been a purchase (let alone cash purchase) of a multifamily property in a year. Should I eliminate this markets from my list?

Is this normal? How much purchasing activity is normal in a market where people invest in multifamily properties in? 

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