Look for Advice for First Time Multi-Family Investor

[Arpit Chhabra]

Thanks in advance for those who respond. Look for input regarding purchasing a multi-family home, that is in a growing part of town, however, there are a series of upcoming large scale townhouse/apartment complexes coming up very close to this investment opportunity. Does having new apts/townhomes deter a purchase since they will be competition, or on the flip-side does it make the area even more attractive to live in. The multifamily units are about the same size as what would also be offered in the apt/townhome complex.