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Updated over 3 years ago, 06/11/2021
Apartment building advice
Hello real estate community .
I’m looking to expand my small portfolio of 3 doors.
After listening to podcasts and talking to people , it made me feel that Apartment buildings is pretty solid wealth building tool.
I would like to put my hands on 6-15 unit building.
Based on finances I’m thinking price point of 400-700k. It looks like there are some markets that have inventory in such price range (Ohio, Illinois, Pa, AL )
If you can help me with pointing out in the right direction, I would appreciate it.
If anyone familiar with these markets and would like to share their experience , please let me know .
It looks like Chicago and southern Chicago has a lot of inventory , rent is high , but so are taxes. Am I missing anything? Is that a bad market?