It will get even more complex if Washington gets rid of the ability to stretch.

If you live near an area where someone is building a large manufacturing complex that will require many workers of all different skill levels, your area is going to be great no matter what is going on around the rest of the country.A lot of people think we're "due" for another recession.

Im in process of upgrading all of my hot water heaters in my 16 unit apartment complex.

I own a property management company in Central NJ and in addition to managing your typical 1-4 family property we also manage small multi-family complexes.

Investment Info:

Large multi-family (5+ units) buy & hold investment in El Paso.

11-Plex Currently being remodeled, Increased CAP rate from 8% to 14%.
Bringing the building from a C- to a C+

Wha...

My goal one day is to buy an apartment complex for passive income.

What is the best way (websites, comps, calling other complexes in the area) to see if an area is a good area to invest in when looking at a small multi-family apartment complex, with a lower end cap rate, out of state?

Milwaukee is a very diverse market place - you go from the 1920s built and upscale East side with a lot of $1500+ rents to a rather rough inner city ($600 to $1000) with several troubled areas to relativley quiet 1960's urban areas within minutes ($1200 ish) - which is of course an over-simplification of the city's complexity.

Close to the property are several apartment complexes, ranging from old and subsidised, to erected within the last few years.

I think I may have found a way for multifamily investors, property managers, and apartment complex investors to capitalize on their tenant's monthly utility bills such as internet, electricity, phone, etc...