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Updated over 7 years ago,
Multifamily in Midwest?
I am currently trying to 1031 exchange a property in NJ that should clear upwards 400-500k that I am looking to invest in multi family in the Midwest (I believe this is the best place to invest for cash flow). I hope to use that capital as a down payment. Since this would be commercial real estate is it true that income is not essential and credit score and NOI are more important? Looking for any suggestions in multi family brokers in the Midwest. Looking forward to trying to make something work and maybe turn around life into semi retirement with such a property.