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Updated about 10 years ago on . Most recent reply
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MFs in the Midwest (Kansas City, Indy)
The Midwest is great market for SFH rentals. However, my preference is for small, commercial MF for several reasons, but particularly for the commercial financing (pricier, but don't have to deal with DTIs and property # limits). (I wouldn't mind acquiring SFHs, but conventional financing is as pleasant as skewer to the eye & makes quantum mechanics look easy. Especially when trying to refi out of a rehab loan.)
So, I'm wondering if the Midwest is also a good market for these small properties (5-6 units)? Or do I need to stick to the East Coast? I have some assets, but want to stretch them as much as possible in more affordable markets.
Thoughts?