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Updated almost 10 years ago on . Most recent reply

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Won Lee
  • Camas, WA
6
Votes |
25
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Would You Buy A MultiFamily In Area With No Appreciation Possibility But Good ROI????

Won Lee
  • Camas, WA
Posted

Where I live, the market feels bit toppy and things very spendy. Cant find any multi properties that will yield 10% ROI.

Would you guys/gals buy in an area "less hot" if you can buy for 60.00 a SF but there is a very low chance for appreciation. This is in modest size city in Washington with a population of 200K and maybe 500K if you include suburbs. I use to live there 15 years ago but the prices are very similar to when I was there, so I doubt there will be much appreciation here. Don't think I could raise rents significantly either. But I can generate 10-15% ROI here so buying a multi here would be mostly for income.

Do you ever buy for income only and without  much possibility of appreciation also????....thx.

Most Popular Reply

User Stats

163
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51
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Alexander Merritt
  • Investor
  • Baltimore, MD
51
Votes |
163
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Alexander Merritt
  • Investor
  • Baltimore, MD
Replied

Depends what your strategy is. If you're going to hold the property forever so you can build up a nice income stream, then appreciation shouldn't be a factor. If you get it, excellent! If not, you weren't planning for it anyways and just care about the cashflow. So you need to figure out if you plan to hold it long term, medium term, or short term and that will help you guide your answer.

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