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Updated over 6 years ago,
Investing in El Paso, TX
Hello BP,
Do we have any apartment investors (100+ units) from El Paso, TX?
I have an opportunity to invest in an El Paso deal and I wonder if there are any special risks I should consider. The sponsor is good but he is not local - that's one specific risk I know of.
What are the cap rates there for C class properties?
What areas are considered high quality (within C space) by locals and what areas they avoid?
Thanks
Nick