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Updated almost 6 years ago,
Smaller building in nicer area or more units in average area?
I am looking for a multifamily property to purchase. My question is this- I have 1.5-2.0 million to spend but I am wondering if its best to purchase a smaller building in Boston, Ma Miami, Fl or nicer area lets say 5-7 units or a 20-25 unit in Manchester, Nh or Albany, Ny. Obviously a lot goes into this but Im thinking longer term and which will appreciate more and which I should make more money per year and have less evictions etc.