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Updated over 2 years ago, 08/21/2022
Midwest multi-family opportunities to look for ?
Hey,
Initially i was looking for investing in multi family in Providence OR Boston area and do a "House Hack".
But after calculating the numbers, cash return is pretty minimal. Its not even close to 1%.
I started to look at Midwest, and there are quit a few properties for 100-150k range, which will bring way greater cash return.
Any suggestions which city i need to look at? I know some of the towns/areas have very high crime rate.
I am new to multi family investing, and looking to purchase 2-4 family property.
So far i started to look on Cleveland and St.Louis.
I also saw Detroit, but looks like a huge amount of properties are completely abandoned. And it's too risky to buy property there.
I am planning to work with real estate agent, but i am trying to see what State/city i should go with.
( I am ready to purchase property within 1-2 month period)
Any suggestions where and how to start?