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Updated almost 4 years ago,
Market research- where do I find good inventory of multi-families
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.
@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.
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.