Location, location, location

[Angello Campbell]

Hello Fellow Investors,

As investors continue to scour the internet looking for multi-family deals hoping not to step on a land mine. I noticed that there seems to be a couple of reasonably priced properties in Edinburg/ McAllen Texas. Being so close to the border causes me some concern, but if and when the “WALL” goes up some of my concerns will be relieved.

My question to the group is..... does anyone have any knowledge on those areas. With an 8% cap rate, it’s very tempting. Any thoughts, insight, comments would be greatly appreciated.

Thank you

[Boone Tyson]

I work down in this area as an agent and investor. The rental market is top notch. Daily deals well above your 1% rule with SFH and MFH. I just saw a 4-plex that is @ about 1.15% at original asking price. The greatest potential for margin based on what I see is with SFH though. By doing value add or just scouring the market and being patient, there are some wonderful opportunities for buy and hold.