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61
Posts
49
Votes
Michael A.
  • Financial Advisor
49
Votes |
61
Posts

Is buying a multi-family in Springfield OH a good idea?

Michael A.
  • Financial Advisor
Posted

Was looking at a multi family in Springfield OH and on paper it looks good and cash flows. The neighborhood has less crime compared to other parts. My worry about Springfield is that it seems like a run down town and stagnant. I want my property to appreciate so I can take the equity in a few years and use it to buy another house. I don’t want to be stuck with a property in a town with no growth. I’ve thought about Dayton or other towns near Columbus. 

Does anybody have any thoughts on Springfield or any good markets for someone who is looking at the $150k range? 

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