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Updated almost 7 years ago on . Most recent reply
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Where to invest in the Mid-West for multi family?
Hi, I currently own 2 four-plex units in my market that have appreciated but aren't cash flowing very well. They would sell for about 475K each. I'd like to sell one of these units(possibly both) and buy somewhere in the mid-west that would would cash flow better.
With the limited time I have to search, st Louis and Cleveland Ohio have caught my eye due to the available properties and the cash flow, however being near riots and a city that is slowly loosing population are giving me second thoughts. I'd prefer to invest somewhere where there will be good growth(rents increasing) and where I can also get good cash-flow. I know getting the best of both worlds could be very hard and I find myself turning in circles analyzing areas.
Do you guys have any recommendations?
Most Popular Reply
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@Ray Loveless - I actively invest in Memphis and Louisville and both are great. If I had to pick one of them, no doubt about it, I'd go with Louisville.
That being said, I think most of the mid-major midwest cities will offer similar dynamics with the ability to lean more towards growth or cashflow depending on the citiy and/or neighborhood you invest in.
Feel free to PM me if you'd like to talk specifics of either market.