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Updated about 5 years ago,
First Multifamily Investment
Hoping to buy a multifamily property in the $2m range in the next 6 months-year. I haven’t yet narrowed down on an area, but it will be one of these places:
Atlanta
Phoenix
Kansas City
Houston
Looking for a minimum 7% cap rate and 12-15% cash-on-cash returns. Any thoughts on which area may be most realistic to get such returns?