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Updated almost 4 years ago,

User Stats

31
Posts
35
Votes
Maurice Selva
  • Property Manager
  • Santa Rosa, CA
35
Votes |
31
Posts

Market research- where do I find good inventory of multi-families

Maurice Selva
  • Property Manager
  • Santa Rosa, CA
Posted

I've been looking to invest in multi-family 2-4 unit properties out of state and have been having a hard time finding states where the numbers look the best without getting into the lower GRM's below 9. Would love to find something around 8-10 grm if possible. Does anybody have any suggestion where I should be looking? I am in position to buy RIGHT NOW.

User Stats

30
Posts
8
Votes
Rick Rascoe
  • Rental Property Investor
  • Rensselaer, IN
8
Votes |
30
Posts
Rick Rascoe
  • Rental Property Investor
  • Rensselaer, IN
Replied

@Maurice Selva

I’ve got a property in Indiana that would hit those numbers. I’ve got a 7 unit (currently 5 units done and rented), and a four unit with two commercial space rented. There are plenty of value adds possible.

User Stats

31
Posts
35
Votes
Maurice Selva
  • Property Manager
  • Santa Rosa, CA
35
Votes |
31
Posts
Maurice Selva
  • Property Manager
  • Santa Rosa, CA
Replied

Hey Rick, are you selling them or just letting me know that is where you are investing? if you are selling them I would be interested at seeing stats on them. I haven't done much research on indiana but am open to wherever the numbers make sense and the area is promising.

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