Looking for 3-8 unit small Multi-Family that hits 1% rule +

[Laura MacDonald]

What areas/neighborhoods would you recommend I focus my search? I am looking for small multi-family, 3-8 units, that cash-flows.  Class B properties, ideally.  Areas in transition are ok.  I am looking for an investor-friendly and experienced reator, as well as recommendations for areas to focus my search.  Thank you in advance!

[Account Closed]

Originally posted by @Lucia Rushton:

@David Abbate ouch I am an investor friendly realtor and love what I do ( and am not a unicorn) I am up against uneducated realtors ALL the time so I understand the frustration but there are others like me. The investor just needs to know the right questions and the right answers to our questions.

 Well I'm always up for the Pepsi challenge. Thing is though I'm looking in Los Angeles and SE Michigan.

First thing that will stick out like a sore thumb is if the Realtor doesn't update the taxes for the next owner and tries to slip the current tax rate into the NOI projections. If they do something that blatant, which is common, we're off to a real bad start. Next is if they try to position the property as a "future appreciation" play.