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Updated about 8 years ago,
First Multi Family question
Ok, we've decided that our first Multi Family unit will be a 3-4 unit one. I'm seeing a few different "parameters" though on how to narrow them down.
We're looking in Southern NH only right now. Specifically in Hillsborough and Merrimack counties. My question is how to narrow it down quickly? There are 80 that meet our search criteria and if I take current rents divided by sale price I'm seeing the lowest at .007% and the highest at .016%. That's obviously a large range, but I'm not sure what the norm is in this area. But maybe I'm on the wrong starting point? Is that the best place to start narrowing down the list or is there a better way to begin?