A Good Rental Property Price

[Akheem Gauntlett]

Good Morning Everyone, I live in Northern New Jersey and I am finally ready to take action and start acquiring Rental Property. I am going to implement the BRRRR strategy to start growing my portfolio. However, I seem to be running into some pretty high prices for Multi-Family homes. Anyone out there can find help me with a ballpark range on of pricing?

Prices I am seeing 150k and up. Is this normal for my area? Also any resources i can utilize to kind of get the average investment price for a certain area? 

[Ali Boone]

$150k is high? For an MFR? That sounds like a really cheap MFR to me, and probably not in a good area.

For general househacking considerations though, check out-

https://www.biggerpockets.com/blog/considerations-...