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Updated 12 months ago,
What is a better strategy today?
What does the BP community think is a better strategy right now?
A) Buying a small multifamily in a market with low inventory for $50-75K down and getting a rate in the 7-8% range. Being OOS with a property manager watching over your property. Potentially buying the property 5% or more above actual value. The property is turnkey mostly with minor repairs and potentially below rent tenants.
B) Buying a syndicate where you are a limited partner with 5% return and potentially a 20% IRR. The property is being sold in a big MSA in Texas and purchased under what the original Syndicate purchased it for. This is a value add play in a big market where renovations and other features added will increase rents.
What does BP think?