Apartment buying options

[Forrest Williams]

I am looking into getting my first multifamily or low rise apartment complex. Because of my location, I have a variety of options, from smaller multifamily places in a city with low crime, larger 6-10 unit low rises in higher crime areas, or bigger 10-20 unit low rises in small towns. Which is the best option for a beginner? Is it worth getting something more risky and pawning it off on a rental company?

[Hadar Orkibi]

@Forrest Williams High crime areas is no good for anyone, unless you want to kid shot.

In saying that, some people with experience don't mined working in lower demographic areas, BUT the returns are often not as good as they look on paper. 

I would do a research on the markets with the lower crime areas to see what levels of returns you can  get there. 

If you cant get good returns then start moving out to the sub markets, but make sure you do your market research first. also in downtown their could be some better parts then others etc.

Without knowing your market it is hard to give specific advise. perhaps go to your local Forum / Market here on BP and ask for advise about the locations.

Choosing a market is the next thing you need to do after establishing your Goals, Buying criteria and figuring out what you can afford to buy.