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Updated about 9 years ago, 12/14/2015
Good markets for multi-units
Hi Everyone!
I'm researching where would be a good market for investing in a mid level ($1M to 1.5M) multi unit for the best return rates and stability. Ideally somewhere near Detroit, Los Angeles, or Charlotte NC, but I'm open to all suggestions and why. LA is ridiculous right now and I'm 1031-ing money from an LA based property for this purchase. I've heard the "research triangle in NC is a good area?
We're also open to MHP's in this price range too, but from what I know loans are harder to get. We'll have approx $300K for a down.