Looking to purchase a multi-family investment

[Braeden Cobb]

Hello! I am looking to buy a multifamily home in the next year or so and wanted to hear some thoughts on a few things. 

How well do small value add projects benefit the investment outcome in your experiences?

What cities do you see have a fair entry point that cash flows not in a crime filled area?

Does anyone have experience getting into partnerships on multifamily investment. Not opposed to bringing a partner in on a deal. I have a couple years of experience in managing 40ish short term rentals remotely & on-site, so I believe I could use a management incentive to lower my buy in.

Thank you!

[Ko Kashiwagi]

Hi Braeden,

What kind of purchase price are you looking at? I've noticed in some cities crime rates vary significantly by pockets/neighborhood, so it's best to do proper research on top of talking other people. Some cities have government websites and you can use softwares like Vestmap to check neighborhood analysis.