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Updated over 1 year ago on . Most recent reply

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12
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4
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Arnuv H.
  • California
4
Votes |
12
Posts

First time Multi Unit Investor with specific targets

Arnuv H.
  • California
Posted

Hi all, hope this finds you well. In need to generate $3k+/month net positive cash flow and willing to invest upto $600k in multi unit properties. 

I have one SF in Cali that i manage myself however thinking of going out of state.

Not worried about appreciation as long the target is met. So far based on my research Michigan and Ohio are top of the list, would love to hear suggestions about any other location that can help me reach my target number. I worry about maintenance cost of the Multi units in these locations as they are 100+ yrs old.

If you have any suggestions on locations to consider, strategies or even have any good realtor/contractor in the area to share would be super grateful.

Most Popular Reply

User Stats

184
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365
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Evan Hopple
  • Real Estate Agent
  • Columbus OH
365
Votes |
184
Posts
Evan Hopple
  • Real Estate Agent
  • Columbus OH
Replied

@Arnuv H.

If this would be a cash purchase that would be very doable in most midwest markets. Financed will be much tougher to achieve but the Cleveland market would be a good option

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Reafco

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