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Updated over 7 years ago,
Multi-Family in Desert Hot Springs (Riverside County, California)
So I'm following a lead that a wholesaler sent my way. It's for a 8unit (1br/1bth) MFR located in Deser Hot Springs, California. It is priced in the mid $100s and is fully occupied. Each unit is rented out for $500 for a total of $4k/mo.
The problem is that Im in the east coast and have NO IDEA about the market over by that area. Any local investors in this area that can shed some light and help me determine if this is a good potential deal?
Thanks ahead of time.