Multifamily Purchase in West Hartford CT
Hi -- Does anyone have an opinion or insight about buying a multifamily apartment building in West Harford right now? My wife and I are selling our 2-family Brooklyn house with the goal of 1031-exchanging into a larger multifamily. West Hartford looks interesting to us because it looks like we might be able to purchase a 15 or 20-unit building for less than $2mm. We will likely sell our Brooklyn house for around $1.6mm. We are new to investing at this scale and we are not very familiar with the Hartford market, so any insight/warnings/opinions etc. would probably be a big help to us as we try to educate ourselves before making this move. Thanks! -- Karl