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Updated about 7 years ago,

User Stats

10
Posts
6
Votes
Praful S.
  • Investor
  • Jersey City, NJ
6
Votes |
10
Posts

New investor looking for cash flow multi-family

Praful S.
  • Investor
  • Jersey City, NJ
Posted

Hello,

I'm starting to look at multi-family, apartment buildings as investments. However, I'm not sure where everyone starts their search? I do have a full-time job so I would like something turn-key or mild reno and that can be managed by a professional company. I'm from NJ and finding deals here on such properties is virtually impossible (I could be wrong), so I'm starting to look at more affordable and possibly cash flow positive investments in Dallas, Philadelphia, Raleigh area (on loopnet!). I have saved up for a down payment and could possibly get a commercial loan for about 800K. What do you guys recommend for

  1. First point of starting my search (loopnet?)
  2. Overall markets that you recommend for multi-family investment that can be handled long-distance Philly, Dallas, Houston, mid-west?. 

Thanks

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