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Updated over 3 years ago on . Most recent reply

Andy O.'s profile image
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Andy O.
  • Real Estate Investor
  • from Portland, Oregon
  • Member since Oct 10, 2011
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Andy O.'s profile image
Andy O.'s profile image
Andy O.
  • Real Estate Investor
  • from Portland, Oregon
  • Member since Oct 10, 2011
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Andy O.
  • Real Estate Investor
  • Portland, OR
2
Votes |
15
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Multi-Family and Apartment Investing

rural multifamily

Andy O.
  • Real Estate Investor
  • Portland, OR
Posted

Does anyone have experience with rural multifamily 20+ units? I'm looking at a property 10 miles outside of a 10k population town, in a small group of $1M+ homes on one side of the street and low end shacks on the other. Unique.

I'd anticipate a smaller tenant pool/higher vacancy, slower rent growth and tougher resale. Anything else I should be watching out for?

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Jeff Greenberg's profile image
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Jeff Greenberg
  • Real Estate Consultant
  • from Camarillo, CA
  • Member since Mar 21, 2010
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Jeff Greenberg's profile image
Jeff Greenberg's profile image
Jeff Greenberg
  • Real Estate Consultant
  • from Camarillo, CA
  • Member since Mar 21, 2010
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Jeff Greenberg
  • Real Estate Consultant
  • Camarillo, CA
1,387
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Jeff Greenberg
  • Real Estate Consultant
  • Camarillo, CA
Replied

What is the economic driver for the area.? Is it just a sleepy get away community? Does the vacancy fluctuate with the seasons?

How is it being managed now and how will you manage it?

  • Jeff Greenberg
  • Podcast Guest on Show #115
    • 1 Vote
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