Contractor · Lansing, KS · Member since 2017 · 9 posts · 8 votes
I'm set to move to West Lafayette, Indiana in the next month & a half or so and have been looking through listings and one thing I've noticed is that there aren't any 2-3plexes listed at all.
Is this just because the rental market is really good for those right now or is there something I don't know about that area?
@Tj Henderson I’ll DM you. I’m a Keller Williams that specializes in investment properties like these. 8/9 of my units are in Lafayette. The issue here is that all of these properties are sold off market so you will not see any (at least good deals) on the market.
Hey @Tj Henderson, I was in the SAME exact situation as you this time last year. The problem here is that there just aren't a lot of small multifamily properties out here. If there are any available, it'll most likely be duplexes, and even then they'll be sold within a few days! So instead I ended up buying a SFH with 4 bedrooms and living in one bedroom while renting out the other 3. It's an alternative but VERY effective form of house hacking. I have the full story posted on my profile if you wanted to check it out. Let me know if you'd like to know anything else!
@Tj Henderson you can also call the tax assessor in that county and see about them sending you a list of 1-4 unit properties. You may have to pay a small fee, but at least you’ll know where the properties are and have a place to start if you’re getting into direct mail or something of that nature.
@Tj Henderson I’ll DM you. I’m a Keller Williams that specializes in investment properties like these. 8/9 of my units are in Lafayette. The issue here is that all of these properties are sold off market so you will not see any (at least good deals) on the market.